Bill Brown, a second generation Realtor® from Alamo, California was installed today as 2017 president of the National Association of Realtors® at the association’s Board of Directors meeting during the 2016 REALTORS® Conference & Expo. Brown has been active in real estate for 36 years and is the founder of Investment Properties, a division of the family real estate business started by his father, William H. Brown, in 1964, which focuses on the sale of apartment buildings to both institutional and private capital investors.
Earlier today, HUD released its 2016 Annual Report to Congress on the financial status of the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund (MMIF). The report finds that the value of the MMIF, which funds FHA's single-family homeownership and reverse mortgage loans, grew by $3.8 billion to $27.6 billion in fiscal year (FY) 2016, its fourth consecutive annual increase.
David H. Stevens, CMB, President & CEO Mortgage Bankers Association, issued the following statement regarding FHA's Annual Report to Congress. "FHA and its leadership should be commended for the steps they have taken to improve the value of the FHA MMI fund for single family mortgages since the economic crisis, at the same time they have provided access to homeownership for hundreds of thousands of low and moderate income Americans. The core strength of FHA's forward book of business is representative of growing stability of the housing market nationally
Pat G. Kaplan, a Realtor® from Portland, Oregon has received the National Association of Realtors® 2016 Distinguished Service Award. The honor is presented yearly to no more than two of NAR’s more than 1.2 million members. Winners were recognized at the REALTORS® Conference & Expo in Orlando, Florida.
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2016 shows mortgage applications for new home purchases increased 8 percent relative to October 2015. Compared to September 2016, applications decreased by 2 percent. This change does not include any adjustment for typical seasonal patterns
Fifteen nonprofit community development organizations were recognized today for their excellence in sustainable business and housing practices that are designed to save people money by NeighborWorks America. To date, 95 network members have earned the NeighborWorks Green Organization designation.
An upcoming webinar hosted by the Associated General Contractors of America (AGC), jointly presented with the American Bar Association Construction Forum, the Modular Building Institute and the National Institute of Building Sciences Offsite Construction Council (OSCC), will cover a variety of unique commercial and legal issues in industrial, commercial and residential modular construction.
Tuesday, November 15, from 2:00 to 3:00 pm ET, the National Institute of Building Sciences Multihazard Mitigation Council (MMC) will present the webinar, titled “How Does Business Continuity Contribute to Community Resilience?". Don't miss it! Registration closes today.
The National Institute of Building Sciences Sustainable Buildings Industry Council (SBIC) announces the appointment of Illya Azaroff, Teresa Rainey and David Underwood to serve as the jury for the 2016 Beyond Green™ High-Performance Building and Community Awards.
The National League of Cities (NLC) and the Urban Land Institute (ULI) today announced that mayors from four cities — Anchorage, Alaska; Grand Rapids, Michigan; San José, California and Washington, D.C. — have been selected as the 2017 class of Daniel Rose Fellows by the Rose Center for Public Leadership in Land Use.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased 14 basis points to a seasonally adjusted rate of 4.52 percent of all loans outstanding at the end of the third quarter of 2016. This was the lowest level since the second quarter of 2006 when the delinquency rate was 4.39 percent. The delinquency rate was 47 basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
The American Wind Energy Association (AWEA) issued the following statement regarding the Bureau of Land Management’s (BLM) final rule governing wind and solar energy development on public lands
On Tuesday, November 15 at 10:30 am EST, Investors Unite will hold a teleconference to discuss risk sharing in the secondary mortgage market, a major policy that could affect Fannie Mae and Freddie Mac moving forward.
With solar on track to become the most diverse energy source in America, the Solar Energy Industries Association (SEIA) has released a Diversity Best Practices Guide for the Solar Industry – a guiding tool for organizations looking to implement diversity goals.