Register Today for the Mortgage Bankers Association’s (MBA) 2008 National Mortgage Servicing Conference &...

As current market conditions dictate changes to the way companies do business, now is the time for servicing professionals to pool knowledge, information, resources and discover new ways to increase operating efficiencies

OFHEO Releases New Mortgage Market Note About The Conforming Loan Limit And High-Cost Areas

Washington , DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has published a new Mortgage Market Note on the conforming loan limit. The Note provides background information on the potential implications of increasing the conforming loan limit in high-cost areas, as proposed in pending House and Senate legislation.

HUD reports progress in “Operation FedRent”

WASHINGTON - Federal employees who fail to report their income to qualify for housing assistance they would not otherwise be eligible for stand to lose their jobs, pay steep fines and face possible criminal penalties.

Online Real Estate Firms Adopt New Publishing Format

Leading online real estate companies Yahoo! Real Estate,®, and today announced they will share a new standard data format for the distribution of real estate listings online.

OFHEO Issues Policy Guidance On Fannie Mae And Freddie Mac Mortgage Fraud Programs

Washington, DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has issued a revised Policy Guidance on the Examination of Mortgage Fraud Programs of Fannie Mae and Freddie Mac. The guidance details the standards for overseeing and evaluating policies and programs the Enterprises have developed to minimize mortgage fraud.

USAA Real Estate Company Announces Oversubscription To US Industrial REIT II

San Antonio, TX - January 10, 2008 - USAA Real Estate Company announced today the successful conclusion of fundraising for the US Industrial REIT II. The fund has raised $450 million in equity commitments from ten institutional investors including domestic pension funds, insurance companies and other fund investors, $50 million more than originally planned.

Remarks by Treasury Secretary Henry M. Paulson, Jr. on Housing and Capital Markets before...

After years of unsustainable price appreciation and lax lending practices, a housing correction was inevitable and necessary. That correction is underway. Over the next two years, we also face an unprecedented wave of 1.8 million subprime mortgage resets, raising the potential of a market failure. Because the industry does not have the capacity to manage this volume, without action, unnecessary foreclosures would result.

Best And Worst Cities For Renters

Writing a monthly rent check often feels like lighting money on fire. You'll never again see that cash, you build no equity and there are no tax benefits.

Existing-Home Sales to Hold Steady in Early 2008

Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, and then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of REALTORS

Behringer Harvard Completes Offering of Opportunity REIT I

DALLAS, January 7, 2008 — Behringer Harvard today announces that Behringer Harvard Opportunity REIT I, Inc., a non-traded real estate investment trust (REIT), reached full subscription. The Opportunity REIT generated approximately $530 million in gross offering proceeds through the sale of approximately 53.1 million shares in its primary offering.

Rep. Maloney: Widespread Private Sector Job Losses Indicate Housing/Credit Spillover

WASHINGTON, DC - January 4, 2008 - Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today regarding the Bureau of Labor Statistics’ December 2007 employment situation

As Winter Heating Costs Spike, Alliance to Save Energy Advises Using Energy Efficiency to...

Washington D.C, January 2008 – Already, many parts of the country are facing severe winter weather, although the season began only recently. And with average heating costs across the nation spiking about 11 percent over last winter’s, the Alliance to Save Energy recommends energy-efficiency measures to help consumers cut home energy bills, increase indoor comfort, and reduce power plant emissions that contribute to climate change.

States Unveil New Nationwide Mortgage Regulatory Framework

WASHINGTON, D.C. – On January 2, a new era for mortgage regulation in the United States will ring in when the states' Nationwide Mortgage Licensing System (NMLS) goes live.

Best and Worst Places for Home Inspection

ASHI Reveals its 2007 State Rankings: Louisiana, New Jersey and Arizona Retain Top Three Spots for Protecting Consumers; Homeowners in Florida, Pennsylvania and California Beware

Centerline, Freddie Mac Complete $2.8B Bond Portfolio Securitization

New York, NY – Centerline Holding Company (NYSE: CHC), the parent company of Centerline Capital Group (Centerline or the Company), and Freddie Mac (NYSE: FRE) announce completion of a securitization of Centerline's $2.8-billion tax-exempt affordable housing bond portfolio with Freddie Mac. The transaction closed December 27, 2007.

Business Real Estate Press Releases

7Eleven Manassas VA

The Boulder Group Arranges Sale of Net Lease 7-Eleven Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased 7-Eleven property located at 8211 Old Centreville Road in Manassas, Virginia for $1,330,000. The 2,640 square foot 7-Eleven is positioned on the southeast corner of Old Centreville Road and Maplewood Drive in a densely populated residential area of Manassas.

Recent Gov & Nonprofit Real Estate Press Releases


Mice Are a Serious Issue in Canada: Here’s Why

Mice are a constant issue in Canadian homes and businesses, and it’s only been getting worse in the last few decades based on Power Pest Control. The main reason is simple: where you find people, you’ll find mice. Where you find large concentrations of people living in close quarters, you’ll find even more mice.