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New York, NY - March 4, 2010 - (RealEstateRama) — Most banks are in the business of making money from loans on houses, not from actually owning houses. Therefore, when they are required to foreclose on a bad home loan, the first thing they want to do, after they finalize the foreclosure process, is to sell the house in question. They merely want to recoup as much as possible of their loan amount as quickly as possible. As a result, for the smart investor, there are often great bargains available in the foreclosure market.
{More»}Mar 18th, 2010 by Freddie Mac
Shorter-Term Rates Are Mixed
McLean, VA - March 18, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.96 percent with an average 0.7 point for the week ending March 18, 2010, up slightly from last week when it averaged 4.95 percent. Last year at this time, the 30-year FRM averaged 4.98 percent. more »
Mar 18th, 2010 by EPA
WASHINGTON, DC - March 18, 2010 - (RealEstateRama) — The U.S. Environmental Protection Agency (EPA) is honoring a select group of manufacturers, retailers, public schools, hospitals, real estate companies, home builders and other organizations as 2010 Energy Star award winners. These organizations are being recognized for their long-term commitment to fighting climate change through greater energy efficiency. Sears Holdings Corporation, PepsiCo, JC Penney, Food Lion, Whirlpool and Ford Motor Company are among the 110 award winners chosen from more than 17,000 partners in the Energy Star program. more »
Mar 18th, 2010 by NAHB
WASHINGTON D.C. - March 18, 2010 - (RealEstateRama) — A shortage of EPA-accredited trainers means that home owners planning a remodeling project this spring may not be able to find a qualified remodeler if a new regulation from the U.S. Environmental Protection Agency (EPA) goes into effect as scheduled, according to the National Association of Home Builders. more »
Mar 18th, 2010 by Freddie Mac
McLean, VA - March 18, 2010 - (RealEstateRama) — Freddie Mac (NYSE: FRE) today announced a new offering of Structured Pass-Through Certificates (”K Certificates”), multifamily mortgage-backed securities that help provide liquidity, stability and affordability to the nation’s multifamily housing market. The company expects to offer approximately $1.1 billion in K Certificates (”K-006 Certificates”), which are anticipated to price on or about March 25, 2010, and settle on or about April 6, 2010. more »
Mar 18th, 2010 by RealEstateRama
The ForRent.com mobile site increases reach to potential renters by 53 percent in February
NORFOLK, VA - March 18, 2010 - (RealEstateRama) — In February, the ForRent.com mobile Web site saw a 53 percent increase in unique visitor traffic compared to the previous month. This significant increase in unique visitor traffic jumps even higher to 380 percent when comparing year over year data. more »
Mar 18th, 2010 by MBA
Washington, DC - March 18, 2010 - (RealEstateRama) — The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data. On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2009 was $99 billion lower than at the end of 2008, a decline of 2.8 percent. more »
Mar 17th, 2010 by RealEstateRama
WASHINGTON, DC - March 17, 2010 - (RealEstateRama) — Financial Services Committee Ranking Member Spencer Bachus made the following statement during a Full Committee hearing entitled “The Administration’s Proposal to Revitalize Severely Distressed Public and Assisted Housing: The Choice Neighborhoods Initiative.” more »
Washington, DC - March 17, 2010 - (RealEstateRama) — Local volunteers of the Sierra Club and the U.S. Green Building Council (USGBC) will conduct public tours of green buildings across the country to highlight the local economic and environmental benefits of energy-efficient, high-performance green buildings. The tours are part of the national “Green Buildings for Cool Cities,” a partnership between the Sierra Club and USGBC. The project is aimed at helping cities nationwide make green buildings and communities a key component of their economic and environmental recovery efforts. more »
Mar 17th, 2010 by NLIHC
Washington, DC - March 17, 2010 - (RealEstateRama) — National Low Income Housing Coalition President Sheila Crowley testified before the House Financial Services Committee today on the Choice Neighborhoods Initiative (CNI), which is the Obama Administration’s proposal for the next iteration of the controversial HOPE VI public housing program. As written, CNI is intended to transform neighborhoods with distressed housing, including federal public or assisted housing. However, it would ultimately provide little help to the millions of low and extremely low income people most in need across the country. more »
Mar 17th, 2010 by ICBA
Washington, D.C. - March 17, 2010 - (RealEstateRama) — ICBA Mortgage is developing a new mortgage fulfillment platform that will serve the needs of ICBA Member Banks. The new platform will combine secure state of the art technology, comprehensive services from point of sale through post closing, along with the programs and products of multiple lending investors and service components. more »
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