“Extreme Makeover: Home Edition” to feature Pella® products

PELLA, IA - December 2, 2010 - (RealEstateRama) -- The Sun., Dec. 5, episode of ABC television network's "Extreme Makeover: Home Edition" (EMHE) will include energy-efficient Pella windows and doors windows donated by Pella Corporation. The episode will air at 8 p.m. Eastern/7 p.m. Central on ABC-TV

Home for the Holidays… But Don’t Stay Too Long: New HomeAway Survey Finds There’s...

AUSTIN, TX - December 2, 2010 - (RealEstateRama) -- Spending time with a cranky uncle or an overbearing mother-in-law during the holidays has long been a source of discomfort for hosts and guests alike, but a new survey from HomeAway®, Inc. – the world’s leading online vacation rental marketplace – finds some relatives can overstay their welcome in less than a day.

MBA Statement on Fiscal Commission Proposal

WASHINGTON, D.C. - December 2, 2010 - (RealEstateRama) -- Michael D. Berman, CMB, Chairman of the Mortgage Bankers Association, today issued the following statement reacting to the proposal from the co-chairs of the National Commission on Fiscal Responsibility and Reform.

Long-Term Mortgage Rates Rise for the Third Time in as Many Weeks

McLean, VA - December 2, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the both fixed- and shorter-term mortgage rates rose this week. This was the third week in a row where fixed-rate mortgage rates were up

Written Testimony of Chief of Homeownership Preservation Office Phyllis Caldwell Before the House Committee...

WASHINGTON, D.C. - December 2, 2010 - (RealEstateRama) -- Chairman Conyers, Ranking Member Smith, and Members of the Committee, thank you for the opportunity to testify today regarding issues surrounding mortgage servicing. This testimony will cover two key areas: first, the steps we are taking to ensure that servicers participating in the Making Home Affordable (MHA) program are adhering to program guidelines in light of the recent foreclosure issues, and second, the accomplishments of MHA to date and its impact on mortgage servicing.

Strong Rebound in Pending Home Sales

Washington, DC - December 2, 2010 - (RealEstateRama) -- Pending home sales jumped in October, showing a positive uptrend since bottoming in June, according to the National Association of REALTORS

HUD SECRETARY DONOVAN ANNOUNCES THAT RECOVERY ACT FUNDING HAS PREVENTED OR ENDED HOMELESSNESS FOR...

WASHINGTON, DC - December 2, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced today that homelessness for 750,000 Americans was prevented or ended, thanks to HUD’s Homelessness Prevention and Rapid Re-housing Program (HPRP), funded through the American Recovery and Reinvestment Act of 2009. The program provided $1.5 billion to local communities to keep families in their homes or help them find other affordable housing after a sudden financial crisis, which might have otherwise led to homelessness.

HUD TO MAKE $25 MILLION IN GRANTS AVAILABLE TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC...

WASHINGTON, DC - December 2, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that $25 million in grants is available to help rural and tribal communities struggling to address distressed housing conditions and concentrated poverty. In a speech to the Housing Assistance Council in Washington, HUD Secretary Shaun Donovan said HUD’s new

Aspen Colorado Home Sells for $31.5 Million

Seattle, WA - December 2, 2010 - (RealEstateRama) -- A Chicago billionaire paid $31.5 million for a home in Aspen, the most paid for a residential property in the luxury resort community this year. The buyer's broker, Steven Shane of SDS Real Estate, declined to disclose the name of his client. The seven-bedroom, nine-bath 12,432 square foot home sits on 44 acres at 2435 W. Buttermilk Road.

MBA: Commercial and Multifamily Mortgage Delinquency Rates Mixed in Third Quarter

Washington, DC - December 1, 2010 - (RealEstateRama) -- Delinquency rates for different commercial/multifamily mortgage investor groups were mixed in the third quarter, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. The delinquency rate for loans held in CMBS is the highest since the series began in 1997. Delinquency rates for other groups remain below levels seen in the early 1990's, some by large margins.

Refinance Activity Continues to Decline as Rates Rise in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- ” The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Thanksgiving holiday. On an unadjusted basis, the Index decreased 34.2 percent compared with the previous week

Freddie Mac Suspends Evictions From December 20 to January 3, 2011

McLean, VA - December 1, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties that had Freddie Mac mortgages to be suspended from December 20, 2010 to January 3, 2011.

Freddie Mac Prices New $4 Billion Two-Year Reference Notes® Security

McLean, VA - December 1, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 0.625% $4 billion two-year USD Reference Notes® security due on December 28, 2012. The issue, CUSIP number 3137EACQ0, was priced at 99.866 to yield 0.69%, or 17 basis points more than two-year U.S. Treasury Notes. The issue will settle on Thursday, December 2, 2010.

VOLUNTEERS NEEDED FOR 2011 KANSAS HOMELESS COUNT

TOPEKA, KS - December 1, 2010 - (RealEstateRama) -- The Kansas Point-in-Time Count Partnership is seeking volunteers for the 2011 count of persons experiencing homelessness in Kansas. The U.S. Department of Housing and Urban Development (HUD) awards grants to communities and local organizations that participate in homeless assistance planning programs, or what's referred to as a Continuum of Care (CoC) network. HUD requires Point-in-Time counts every two years for all networks wishing to maintain and use federal funding. In Kansas, five CoC networks will conduct the statewide coordinated count on Wednesday, January 26, 2011

NAHB Chairman Bob Jones Issues Statement on Deficit Commission’s Plan to Change the MID

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich., issued the following statement in response to the final plan unveiled today by the National Commission on Fiscal Responsibility and Reform.

Business Real Estate Press Releases

Jewel-Osco in the Chicago MSA

The Boulder Group Arranges Sale of Single Tenant Net Leased Jewel-Osco...

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Jewel-Osco property located at 12803 Harlem Avenue, Palos Heights, IL for $15,500,000.

Recent Gov & Nonprofit Real Estate Press Releases