Press Releases
Insurance

Disasterprepared.net Offers a Look Ahead of that Rainy Day

February 19, 2013 Posted by

WASHINGTON, D.C. – February 18, 2013 – (RealEstateRama) — There could be a disaster ahead for insurance consumers or not. Should they count on their insurance? They can, according to consumer advocate Antone P. Braga. “Most people think they are financially prepared for a disaster simply because they carry insurance.

Changes Coming to FHA Program as of April 1

February 12, 2013 Posted by

WASHINGTON, D.C. – February 12, 2013 – (RealEstateRama) — The Federal Housing Administration (FHA) has announced new regulations which go into effect on April 1, 2013. These regulations were developed to provide additional revenues for the insurance fund (making more moneys available for any future housing” bubble”) and to add additional underwriting standards for specific insured loans (see below).

FHA PMI Changes

April 11, 2012 Posted by

Cary, NC – April 11, 2012 – (RealEstateRama) — HUD is requiring some changes in FHA Mortgage Insurance. The requirements are caused, of course, because the FHA Insurance Fund has taken a beating in the past few years, as more and more people with a FHA Insured Loan have gone into Foreclosure

Husband and Wife Realtor Team Earn Community Service Award

March 5, 2012 Posted by

Marietta, GA – March 5, 2012 – (RealEstateRama) — Long-time RE/MAX Greater Atlanta husband-wife team Rosalee and Earl Whitley were honored with a community service award from the Cobb Association of Realtors at the organization’s year-end meeting.

CBRE ARRANGES $250M IN FINANCING FOR HESS TOWER

January 31, 2012 Posted by

Houston, TX – January 31, 2012 – (RealEstateRama) — CBRE has arranged $250.0M in debt financing for the acquisition of Hess Tower, a 844,736-square-foot, Class AA trophy office asset in the Houston CBD. CBRE Capital Markets Senior Vice President Michael Strober worked on behalf of the borrower, H&R REIT to secure the eight-year, fixed-rate loan at 4.5% per annum through Pacific Life Insurance Company. Strober, based in Tampa, FL, was joined in representing H&R REIT by Bernard Branca and Greg Greene of CBRE Capital Markets in Houston and Dallas, respectively.

Swig Equities Closes Lease with Situs Holdings, LLC at 48 Wall Street

January 11, 2012 Posted by

New York, NY – January 11, 2012 – (RealEstateRama) — Kent M. Swig, President of Swig Equities, LLC and owner of the landmark building at 48 Wall Street, announced the signing of a new lease for Situs Holdings, LLC who will occupy 13,650 square feet on…

Veterans Mortgage Life Insurance Maximum Coverage Increases

November 9, 2011 Posted by

WASHINGTON, DC – November 9, 2011 – (RealEstateRama) — The Department of Veterans Affairs announced today that the maximum amount of Veterans Mortgage Life Insurance (VMLI) increased from $90,000 to $150,000, effective Oct. 1, under the Veterans’ Benefits Act of 2010. Maximum coverage will further increase from $150,000 to $200,000 after Jan. 1, 2012

While Relatively Few Homeowners in Catastrophe-Prone Areas Have Earthquake or Flood Insurance Coverage, Those with Flood Insurance Are Significantly Less Satisfied with Their Policies Overall

September 1, 2011 Posted by

WESTLAKE VILLAGE, CA – September 1, 2011 – (RealEstateRama) — Among homeowners insurance policyholders, those with flood insurance tend to be significantly less satisfied with their policy coverage, compared with policyholders who opt not to carry it, according to the J.D. Power and Associates 2011 U.S. National Homeowners Insurance StudySM released today.

SMARTERSAFER.ORG URGES SENATE TO IMMEDIATELY ACT ON NFIP REFORM AFTER HOUSE PASSES REAUTHORIZATION ON AN OVERWHELMING BIPARTISAN VOTE

July 13, 2011 Posted by

Washington, DC – July 13, 2011 – (RealEstateRama) — SmarterSafer.org today urged the United States Senate to immediately act on National Flood Insurance Program (NFIP) reform without weakening the legislation’s effectiveness. The House of Representatives passed legislation to reauthorize the program until Sept. 30, 2016 on an overwhelming bipartisan vote of 406-22.

Second Building Phase at Cranberry Hill Estates Selling Briskly

July 1, 2011 Posted by

SHELTON, CT – July 1, 2011 – (RealEstateRama) — A one-of-a-kind mix of classic style, smart energy-efficient features and luxurious amenities have helped propel steady sales at Shelton’s new Cranberry Hill Estates as phase two of construction at the Armstrong Road community continues, reports John Tarducci, Senior Vice President of the New Homes Division at William Raveis Real Estate, Mortgage & Insurance.

BuildFax Teams With Equifax to Deliver Unique Property History Intelligence Assets to Insurance Sector

June 7, 2011 Posted by

Austin, TX – June 7, 2011 – (RealEstateRama) — BuildFax, the industry’s exclusive creator of the largest commercial and residential permitting database in the United States, today announced that it has joined forces with Equifax Inc. (NYSE:EFX) to give property & casualty insurance carriers a more complete view of underwriting risks while uncovering any key changes to their portfolio since policy inception. Now, Equifax customers can gain immediate access to BuildFax’s unique, differentiated data assets, which include property history information representing 60 percent of the nation’s building permit volume. Through this relationship, insurance carriers can improve the accuracy of underwriting valuation models to develop more effective pricing strategies and reduce the potential for fraud

Storm Chasers & Home Improvement Scams

June 6, 2011 Posted by

West Haven, CA – June 6, 2011 – (RealEstateRama) — Well the season for strong storms has arrived, which are typically followed by beautiful weather. Unfortuantely, these severe weather patterns are also follwed by storm chasers, and not the kind looking to catch a cow flying through the air on video. These storm chasers are looking to take advantage of bewildered, confused, and desperate homeowners looking to get their homes back in good shape as soon as possible.

Phase 2 Construction Starts at Cranberry Hill Estates

May 17, 2011 Posted by

SHELTON, CT – May 17, 2011 – (RealEstateRama) — Early sales success at Shelton’s Cranberry Hill Estates has accelerated the start of Phase 2 construction at the Armstrong Road community, announced John Tarducci, Senior Vice President of the New Homes Division at William Raveis Real Estate, Mortgage & Insurance.

Steve Slepcevic – Disaster recovery Ideas Provide to decrease the disaster’s affect

April 18, 2011 Posted by

Los Angeles, CA – April 18, 2011 – (RealEstateRama) — Paramount Disaster Recovery Company invented by Mr.Steve Slepcevic is most important national disaster response, revitalization and revival Company in the USA. Paramount Disaster has become a major head in national adversity crisis response and in creation under the brilliant guidance of Mr. Steve Slepcevic.

New Product Line Offered To Mortgage & Insurance Companies

April 13, 2011 Posted by

West Haven, CT – April 13, 2011 – (RealEstateRama) — ConstructionConfidant.Com is proud to to announce that our popular “Homeowner Defender Service” is now available to serve the needs of the mortgage banking and home insurance agencies accross the country. Our unique and innovative approach helps protect homeowners from home improvement scams, control unforseen costs, and walks your clients through the entire construction process.

William Raveis Named Marketing Agent for Cranberry Hill Estates

March 7, 2011 Posted by

SHELTON, CT – March 7, 2011 – (RealEstateRama) — The New Homes Division of William Raveis Real Estate, Mortgage & Insurance has been selected as marketing and sales agent for Cranberry Hill Estates, Shelton’s newest family community

Insurance Companies Use Public Media To Deface Disaster Recovery Agencies

March 1, 2011 Posted by

PALOS VERDES, CA – March 1, 2011 – (RealEstateRama) — In this tough economy everyone is watching their spending, trying to make that buck stretch just a little further, and insurance companies are no different. If you have ever had to make a claim, you may already be aware of the problems associated with getting what is fair. The people effected in some of the recent disasters, Hurricane Katrina and Rita and the California wildfires, know all too well what it is like to not receive a fair claim payment from their insurance companies, you’re better off believing a poker player than a insurance claims adjuster. It’s never a bad idea to hire a water and fire damage restoration company to complete an independent assessment and cost estimate. Hopefully, you won’t need it, but if legal action becomes necessary, it’s a handy document to have in your corner. So when people like Steve Slepcevic and his team of experts arrive on the scene to try to make a difference, sometimes the insurance companies fight back with l awsuits and media slander. Steve Slepcevic has focused his construction business on restoring and reconstructing homes and businesses directly and exclusively for the property owners after natural disasters.

Freddie Mac Announces the Issuance of a New Three-Year Reference Notes® Security

January 4, 2011 Posted by

McLean, VA – January 4, 2011 – (RealEstateRama) — Freddie Mac (OTC: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACR8, due on February 25, 2014. The issue will be priced on Wednesday, January 5, 2011, and will settle on Thursday, January 6, 2011, at benchmark size.

Hartford National Title Launches Free Good Faith Estimate and HUD-1 Calculator

November 30, 2010 Posted by

MILFORD, CT – November 30, 2010 – (RealEstateRama) — Hartford National Title, Inc., a leading provider of title insurance and real estate closing services, announced today the launch of OneSourceQuote, its new Good Faith Estimate (GFE) and HUD-1 title calculator. This free online application is the byproduct of many months’ worth of developmental efforts and testing by programmers, staff, and beta clients.