USGBC Announces “LEED Automation” to Streamline and Create Capacity for LEED Green Building Projects

Chicago, IL - November 17, 2010 - (RealEstateRama) -- The U.S. Green Building Council (USGBC), developers of the LEED green building program today announced LEED Automation, a new program in collaboration with leading technology companies that is designed to streamline and create capacity for the LEED building certification process. LEED Automation enables LEED Online, the online tool projects use to submit documentation and certify LEED projects, to interact with third party technology platforms.

Housing Starts Decline in October

WASHINGTON, D.C. - November 17, 2010 - (RealEstateRama) -- Nationwide housing starts declined 11.7 percent to a seasonally adjusted annual rate of 519,000 units in October, according to figures released by the U.S. Commerce Department today. The decline was primarily registered in the more volatile multifamily sector, where starts retreated 43.5 percent to an 83,000-unit rate, while single-family starts posted a more modest 1.1 percent decline to 436,000 units."Home builders continue to be very cautious about starting new projects at this time," said Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich. "That said, in markets where consumer demand for new homes is reviving, builders are finding it almost impossible to obtain construction financing, and this frustrating situation is producing an unnecessary drag on both new home production and economic growth."

U.S. Green Building Council Chapters and Leaders Receive Awards of Excellence

Washington D.C. - November 17, 2010 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) proudly recognized outstanding chapters and exceptional volunteer leaders with the annual Awards of Excellence. Awarded in Chicago at USGBC’s Greenbuild International Conference & Expo, the awards are presented to chapters and individuals that excel in providing local green building outreach and education, and in fostering best practices among the green building community. The chapter award categories are Community Building and Education, and award categories for chapter leaders include: Green Building Community Champion; Premier Volunteer Programmer; Outstanding Emerging Professional; and Outstanding Green Advocate. Since the inception of the program, the awards have been supported by USGBC national member Milliken & Company.

NAR Praises FHA’s Increased Stability

Washington, DC - November 17, 2010 - (RealEstateRama) -- The latest independent audit of the Federal Housing Administration shows the agency’s financial condition has improved from last year, when it announced its capital reserve fund had fallen below the 2 percent level mandated by Congress. The annual audit shows that the capital ratio for the single-family portfolio rose from 0.42 percent to 0.79 percent over the past year.

Housing Market Recovery Depends on Jobs, Access to Credit, Says NAR

Washington, DC - November 17, 2010 - (RealEstateRama) -- Although the recent trend of rising long-term borrowing rates may mean higher mortgages for consumers in the coming months, the greater obstacles to housing market recovery are job creation and availability of credit, according to a National Association of REALTORS® analysis.

Recipients of USGBC’s Affordable Green Neighborhoods Grant Program Announced at Greenbuild

Chicago, IL - November 17, 2010 - (RealEstateRama) -- Today, the U.S. Green Building Council (USGBC) and Bank of America announced the ten recipients of the Affordable Green Neighborhoods Grant Program. Funded by a $500,000 grant from the Bank of America Charitable Foundation, the program awards financial and educational resources to help neighborhood projects that have affordable green housing components in their plans pursue LEED for Neighborhood Development. LEED for Neighborhood Development is a green rating system from USGBC that certifies whole neighborhoods, portions of neighborhoods or multiple neighborhoods. The selected development projects were announced at the Affordable Housing Summit at USGBC’s Greenbuild International Conference & Expo

DODD STATEMENT ON PROBLEMS WITH MORTGAGE SERVICING FROM MODIFICATION TO FORECLOSURE

WASHINGTON, DC - November 17, 2010 - (RealEstateRama) -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) held an oversight hearing investigating problems in the mortgage servicing industry. The Committee heard testimony from state officials, industry executives, and experts in law and consumer protection, and explored how mortgage servicing practices may have prevented modifications and even resulted in unjustifiable foreclosures.

USDA Seeks Applications for Multi-Family Housing Rehabilitation Loans to Improve the Quality of Housing...

WASHINGTON, DC - November 16, 2010 - (RealEstateRama) -- Agriculture Under Secretary for Rural Development Dallas Tonsager today invited non-profit groups and public entities to apply for loans to rehabilitate multi-family housing in rural areas.

J.P. Morgan Selected by True North Management Group for Real Estate Fund Administration

NEW YORK, NY - November 16, 2010 - (RealEstateRama) -- J.P. Morgan Worldwide Securities Services today announced that it has been appointed by True North Management Group LLC to provide real estate fund administration services for its True North High Yield Investment Fund II which closed in April 2010 with $330 million of equity commitments and is expected to finish with $500-$600 million of equity commitments.

SL Green Inks 142,000 Square Feet Of New Leases Within 30 Days

New York, NY - November 16, 2010 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) announced today that leases covering 141,887 square feet with new or expanding tenants have been signed within the past 30 days

ATTORNEY GENERAL JOINS MULTISTATE REVIEW OF FORECLOSURES

LITTLE ROCK, AR - November 16, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.

Register Today for MBA’s 3rd Quarter 2010 National Delinquency Survey (NDS) Conference Call

WASHINGTON, D.C. - November 16, 2010 - (RealEstateRama) -- Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States.

Mortgage Cadence Becomes a First to Offer Integration with Fannie Mae EarlyCheck™

November 16, 2010 - (RealEstateRama) -- Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Loss Mitigation Technology and Document Services for the financial services industry, announces the direct integration with EarlyCheck in support of Fannie Mae’s Loan Quality Initiative (LQI). EarlyCheck provides users with access to Fannie Mae’s data checks at any point in the lender’s business process. Validating critical data prior to delivering a loan to Fannie Mae provides increased certainty for the lender and ultimately reduces funding and pooling delays after submission

Bank of the Ozarks and FHLB Dallas Award Affordable Housing Grant to Assist Housing...

FAYETTEVILLE, AR - November 16, 2010 - (RealEstateRama) -- A $55,000 Affordable Housing Program (AHP) grant from Bank of the Ozarks and the Federal Home Loan Bank of Dallas (FHLB Dallas) will assist the Fayetteville Housing Authority with much needed repairs to apartments for very low-income residents.

1Casa Real Estate Agency – Offers Cheap Spanish Properties like Business, Villas and Bar...

Malaga, Spain - October 3 - (RealEstateRama) -- 1Casa real estate agency provides Spanish Property for Sale including Off Plan, Spain Villas, Apartments, business, Coastal and Commercial Properties in Spain. It especially soled property in Malaga and G...

Local real estate can be influenced by national market

Forecasting the Upstate's real estate market is best determined by local data that focuses on the supply of houses that are entering the market. Real estate is local -- meaning there is no such thing as a national real estate market.

Federal Deposit Insurance Corporation Stresses Importance of Managing Commercial Real Estate Concentrations

The Federal Deposit Insurance Corporation (FDIC) has issued a letter re-emphasizing the importance of strong capital and loan loss allowance levels, and robust credit risk-management practices for state nonmember institutions with significant concentrations of commercial real estate (CRE) loans, and construction and development loans.

Single-Family Housing Starts Decline 6.7 Percent In February

March 18, 2008 - Single-family housing starts continued on a downward trajectory in February, posting a 6.7 percent decline to a seasonally adjusted annual rate of 707,000 units, according to figures released today by the U.S. Commerce Department. Meanwhile, production in the more volatile multifamily sector registered a 14.4 percent gain to 358,000 units, limiting the decline in total housing starts to a rate of 1.065 million units -- 0.6 percent below the revised January pace.

Builder Confidence Remains Unchanged In March

March 17, 2008 - Builder confidence in the market for new single-family homes remained unchanged in March, according to the latest NAHB/Wells Fargo Housing Market Index (HMI), released today. The HMI held firm at 20, which is near its historic low of 18 set in December of 2007 (the series began in January of 1985).

HUD proposes mortgage reform to help consumers better understand their loan, shop for lower...

WASHINGTON – In an effort to significantly improve the complicated, unclear and costly homebuying process, U.S. Housing and Urban Development Secretary Alphonso Jackson today proposed mortgage reform designed to help consumers better understand their loan terms so that they can shop more effectively for the largest purchase of their lives.

Foreclosure Activity Decreases 4 Percent in Februrary

RealtyTrac today released its February 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 223,651 properties nationwide during the month, a 4 percent decrease from the previous month but still a nearly 60 percent increase from February 2007. The report also shows one in every 557 U.S. households received a foreclosure filing during the month.

FDIC Advisory Committee on Economic Inclusion to Examine Asset-Building Opportunities for Individuals and Banks

The FDIC Advisory Committee on Economic Inclusion (ComE-IN) will meet on March 19th to explore saving and asset-building opportunities for individuals and banks. The committee will hear from a panel of experts, who will address:

Industry Thwarts Action on Bill to Stop Foreclosures and Strengthen Economy

February 29, 2008 - Yesterday the mortgage lending industry successfully stopped a Senate bill, "The Foreclosure Prevention Act" from moving forward. This bill (S. 2636) includes key provisions that would prevent well over 1/2 million foreclosures and avoid property declines of $200 billion.

Urgent Fixes Needed in the Federal Section 8 Housing Program to Avoid Loss of...

WASHINGTON, DC - Tens of thousands of affordable housing residents are at risk of losing their housing unless Congress acts to force changes at the U.S. Department of Housing and Urban Development (HUD).

Home Buyer Tax Credit Won’t Fix the Foreclosure Crisis

HOME BUYER TAX CREDIT WON'T FIX THE FORECLOSURE CRISIS AND WON'T KEEP PEOPLE IN THEIR HOMES Congress Should Focus on Restructuring Mortgages, Not on Housing Oversupply

America’s Rapidly Rising Foreclosure Areas

Though delinquencies continue to mount in Detroit, Stockton, Calif., and Las Vegas, markets where the number of foreclosures are relatively low, but rapidly rising, are also causing concern

Fundamentals Holding in Commercial Real Estate

WASHINGTON, March 12, 2008 - Commercial real estate market fundamentals are fairly stable, although investment is waning following a record year in 2007, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of Realtors

Builder Confidence In Condo Market Declines Again

March 11, 2008 - The Multifamily Condo Market Index (MCMI) ended 2007 on a low note, with the component of the index tracking builder confidence in current conditions standing at 18.8, down nearly 11 points from the same time a year ago, according to the National Association of Home Builders (NAHB)

NAHB’s Cost Of Doing Business Study Helps Builders Evaluate Their Financial Performance

March 11, 2008 - Builders now have an opportunity to see how their business stacks up against the competition. The National Association of Home Builders (NAHB) recently released the 2008 edition of the Cost of Doing Business Study, a national study of builders’ business practices and financial performance.

Why Now is a Smart Time to Buy

Now is a great time to buy a home, say the financial gurus at the Wall Street Journal. The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it’s not revolutionary, but some potential customers might find it reassuring

Popular Government & Nonprofit Press Releases

MBA

MBA Applauds Senate for Confirming Pam Patenaude

David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released a statement following the Senate confirmation of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development (HUD).

Recent Government & Nonprofit Press Releases

NAHB

Housing Production Holds Steady in August

Nationwide housing starts fell 0.8 percent in August to a seasonally adjusted annual rate of 1.18 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production rose 1.6 percent in August to a seasonally adjusted annual rate of 851,000 after a downwardly revised July reading. Year-to-date, single-family starts are 8.9 percent above their level over the same period last year.