Justice Department Reaches Settlement with National Mortgage Lender to Resolve Allegations of Lending Discrimination

WASHINGTON, DC - December 8, 2010 - (RealEstateRama) -- PrimeLending, a national mortgage lender with 168 offices in 32 states at the end of 2009, has agreed to pay $2 million to resolve allegations that it engaged in a pattern or practice of discrimination against African-American borrowers between 2006 and 2009.

Finalists Announced for National Sales and Marketing Awards

WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- NAHB’s National Sales and Marketing Council (NSMC) has announced the finalists for The National Sales and Marketing Awards – “The NationalsSM.” Finalists are known as Silver Award Winners, with The Nationals Gold Award winner emerging from the field of Silver Finalists.Gold Awards in each category will be presented at The Nationals Gala, held in Orlando, Fla., next month as part of the NAHB International Builders’ Show (IBS). The awards ceremony is scheduled for Wednesday, Jan. 12th at The Peabody Orlando, and is expected to draw more than 500 attendees.

NAHB Honors the Year’s Best Apartments and Condos

WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- National Association of Home Builders (NAHB) announced the year's best in multifamily housing today. Among the winners of the 2010 Multifamily Pillars of the Industry were a luxury high-rise in Dallas surrounded by shopping, dining and entertainment; an urban mixed-use condo loft community in L.A. combining living and working spaces for the telecommuting professional; and an adaptive reuse project that transformed a 13-story 1960's concrete superstructure into a sustainable luxury apartment tower overlooking the Washington, D.C., skyline.

Morris Property Management, Inc. Raises Money for Associa Cares

Nashville, TN - December 8, 2010 - (RealEstateRama) -- Morris Property Management, an Associa company, recently completed a year-long event, the NASCAR Chase for Charity, to help raise nearly $600 for Associa Cares.

Leader of Mortgage Fraud Ring Sentenced to 6 ½ Years in Prison and Ordered...

BIRMINGHAM, AL - December 8, 2010 - (RealEstateRama) -- A federal judge today sentenced the leader of a mortgage fraud ring in Jefferson County to 6 ½ years in prison, announced U.S. Attorney Joyce White Vance, FBI Special Agent in Charge Patrick Maley and Department of Housing and Urban Development Acting Inspector General Michael Stephens.

HOPE NOW: Mortgage Industry has Completed More Than 1.5 Million Loan Modifications for Homeowners...

WASHINGTON, DC - December 8, 2010 - (RealEstateRama) -- HOPE NOW, the private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its October 2010 survey data today which estimates the industry completed more than 1.54 million permanent loan modifications for at-risk homeowners from January through October 2010.

Affordable Housing Grant to Assist Seven Calcasieu and Beauregard Parish Families with Down Payments

LAKE CHARLES, LA - December 8, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of Dallas (FHLB Dallas) and First Federal Bank of Louisiana are pleased to announce they have awarded Habitat for Humanity of Calcasieu Area (HFH of Calcasieu) in Lake Charles, Louisiana, a $70,000 Affordable Housing Program (AHP). The grant will assist seven very low-income homeowners in Calcasieu and Beauregard parishes with down payment and closing cost assistance.

High Splits Not the Only Factor for Agents Picking an Office

Chicago, IL - December 8, 2010 - (RealEstateRama) -- In Chicago Agent’s newly released Chicagoland’s Best Offices 2010 issue, a survey of the magazine’s readers reveals that there are a number of reasons that agents choose one office over another

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8 percent compared with the previous week, which included the Thanksgiving Holiday.

US Labor Department recovers nearly $339,000 in back wages and debars electrical subcontractor for...

NEW YORK, NY - December 8, 2010 - (RealEstateRama) -- The U.S. Department of Labor has recovered nearly $339,000 in back wages for 27 workers employed as electrical mechanics by Sant-Tec Electric Inc., a company incorporated in both New York and New Jersey.

Federal Government Holds Forum on Homeless Veterans

WASHINGTON, DC - December 8, 2010 - (RealEstateRama) -- More than 400 participants from across the country are expected to take part in a two-day national forum on ending homelessness among Veterans by strengthening preventative measures and collaboration among government and private-sector organizations.

Karen Brinckerhoff Joins Kentwood Real Estate as Broker Associate in Denver Tech Center Office

DENVER, CO - December 7, 2010 - (RealEstateRama) -- Karen Brinckerhoff, a top-producing real estate professional and fourth generation Denver native, has joined Kentwood Real Estate as a Broker Associate in the company’s Denver Tech Center office. Known for her exceptional marketing and negotiation skills, Brinckerhoff was among her former company’s top 10 real estate agents in Colorado in 2004 and 2007. Brinckerhoff brings more than 17 years of experience and achievements to Kentwood Real Estate, including numerous awards recognizing superior sales production. She is a member of the Denver Board of Realtors and holds several special designations recognizing the successful completion of stringent continuing education courses in real estate.

Kentwood Real Estate Surpasses $1 Billion in Sales Volume for 2010 in mid-November

DENVER, CO - December 7, 2010 - (RealEstateRama) -- Kentwood Real Estate, Colorado’s Premier Real Estate Company, has surpassed $1 billion in total sales volume for 2010. The landmark milestone, recorded in mid-November, was the leading real estate firm’s tenth such accomplishment and firmly establishes Kentwood Real Estate as a national leader in marketing expertise and customer service. Kentwood’s total sales volume through mid-November was $1,050,247,563 representing a total of 2,404 real estate transactions. After nine consecutive years of posting more than $1 billion in sales, Kentwood Real Estate recorded more than $900 million in total sales volume in 2009, which still ranked 95th in the United States with only 157 real estate agents

USGBC Commends National League of Cities Call for Federal Adoption of Green Building Policy

Denver, CO The U.S. Green Building Council (USGBC) congratulates the National League of Cities (NLC) and its membership for its leadership in endorsing a national green building policy agenda that calls on the federal government to support critical green building efforts that are working to help cities save money, save energy and create jobs

American Bank of Texas and FHLB Dallas Award PGP Grant to Four Rivers Outreach

SHERMAN, TX - December 7, 2010 - (RealEstateRama) -- Representatives of American Bank of Texas and the Federal Home Loan Bank of Dallas (FHLB Dallas) presented a $14,000 Partnership Grant Program (PGP) award to Four Rivers Outreach on Friday, December 3, 2010. The grant will assist with operational costs associated with the Four Rivers Outreach men’s transitional living center. The staff and Board of Directors of Four Rivers Outreach were accompanied by Bill Magers, Mayor of the City of Sherman, and Robin McCoy, regional coordinator for State Senator Craig Estes.

Business Real Estate Press Releases

CVS Portfolio

The Boulder Group Arranges Sale of Net Lease CVS Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased CVS property locations in Ohio for $5,207,500. The Hartville location is strategically positioned at the signalized intersection of Maple Street and Kent Avenue. Maple Street is the primary east-west thoroughfare in the trade area.

Recent Gov & Nonprofit Real Estate Press Releases

BOMA

BOMA 360 PROGRAM CONTINUES GLOBAL EXPANSION

The Building Owners and Managers Association (BOMA) International conferred the BOMA 360 Performance Program® designation upon dozens of properties in the second quarter of 2018, including the Shanghai Tower, the tallest building in China and the second tallest building in the world.