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Monitor Issues Interim Report on Relief Provided to Homeowners Under the National Mortgage Settlement

TALLAHASSEE, FL - August 30, 2012 - (RealEstateRama) -- Today, Joseph Smith, Jr., the national mortgage settlement monitor, released an interim report on homeowner relief that the nation’s five largest mortgage servicers have provided as of June 30. ...

Realtors® Applaud FHFA for Expanding Short Sale Eligibility to Help More Struggling Homeowners

WASHINGTON, DC - August 23, 2012 - (RealEstateRama) -- The National Association of Realtors® applauds the Federal Housing Finance Agency for working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process.

Schumer, Gillibrand, McCarthy Announce FEMA Agrees to Extend Low-Cost ‘Preferred Risk’ Flood Insurance Policies...

WASHINGTON, D.C. - August 22, 2012 - (RealEstateRama) -- U.S. Senators Charles E. Schumer and Kirsten E. Gillibrand and Congresswoman McCarthy announced today that FEMA has agreed to their call for an extension of the low-cost preferred risk flood insurance policies for Nassau County property owners. Under the existing flood insurance program, homeowners who live in an area designated as a flood zone are required to purchase flood insurance.

FEMA Extends Preferred Risk Policies for Homeowners

WASHINGTON, D.C. - August 22, 2012 - (RealEstateRama) -- Today, FEMA announced the extension of the Preferred Risk Policy eligibility under the National Flood Insurance Program (NFIP) until further notice, as the Agency completes a study and analysis of the Biggert-Waters Flood Insurance Reform Act of 2012, signed into law by President Obama on July 6, 2012.

Governor Quinn Signs Housing Bills to Support People with Disabilities and Protect Homeowners from...

CHICAGO, IL - August 6, 2012 - (RealEstateRama) -- Governor Pat Quinn today signed two new housing laws to provide people with disabilities with more access to affordable rental housing, and to further protect homeowners from mortgage fraud. The suppor...

McNerney On A Mission To Help Area Homeowners

Washington, D.C. - July 20, 2012 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton) introduced the Fast Help For Homeowners (FHFH) Act, H.R. 6153, to help speed up the short sale process, a necessary step to addressing the housing crisis. ...

California REALTORS® urge passage of The Fast Help For Homeowners (FHFH) Act

LOS ANGELES, CA - July 20, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is supporting and urging the swift passage of The Fast Help For Homeowners (FHFH) Act, a short sale bill that will require subordinate lien holders ...

Justice Department Reaches Settlement with Wells Fargo Resulting in More Than $175 Million in...

WASHINGTON, D.C. - July 12, 2012 - (RealEstateRama) -- The Department of Justice today filed the second largest fair lending settlement in the department’s history to resolve allegations that Wells Fargo Bank, the largest residential home mortgage originator in the United States, engaged in a pattern or practice of discrimination against qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009.

Gov. Jerry Brown Signs Homeowner Bill of Rights

WASHINGTON, D.C. - July 12, 2012 - (RealEstateRama) -- Gov. Jerry Brown signed into law the California Foreclosure Reduction Act today inLos Angeles. The bills, AB 278 and SB 900, are designed to reduce unnecessary foreclosures in the state and were critical pieces of Attorney General Kamala Harris' Homeowner Bill of Rights.

Expanding Refinances Could Save Billions for Homeowners

WASHINGTON, D.C. - June 28, 2012 - (RealEstateRama) -- A housing bill introduced in the Senate could more than double the number of homeowners who refinance under a federal mortgage program and also more than double their potential savings, according to an estimate by researchers at Columbia University. To be eligible, homeowners must have a mortgage backed by Fannie Mae or Freddie Mac and be current on the payments

U.S. Rep. Peters and local housing experts fight to help underwater homeowners stay in...

Farmington Hills, MI - June 14, 2012 - (RealEstateRama) -- Today U.S. Rep. Gary Peters marked National Homeownership Month by discussing his bill, the Preserving American Homeownership Act, with local housing nonprofits and realtors at a press conferen...

Coldwell Banker Arizona Presents Program to Assist Homeowners with Underwater Mortgages

Torrance, CA - June 14, 2012 - (RealEstateRama) -- Thousands of Arizona homeowners are not aware of the many programs and options available to them right now, which can reduce their mortgage payments, reduce their interest rate, modify their current lo...

Governor Cuomo Announces DFS Action Could Save Some New York Homeowners Millions in Overcharges...

Albany, NY - June 14, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the Department of Financial Services (DFS) has ordered insurers offering force-placed insurance in New York to submit proposals for new premium rates after...

NeighborWorks America Announces That More Than 1.3 Million Households Have Received Help From National...

Washington, D.C. - June 12, 2012 - (RealEstateRama) -- More than 1.3 million homeowners have received foreclosure prevention counseling by local nonprofits and state housing finance agencies participating in the National Foreclosure Mitigation Counseling (NFMC) program administered by NeighborWorks America, one of the nation’s largest community development corporations. The latest report on the NFMC program also found that 51% percent of homeowners seeking help are women, and overall that 20% of the people being served by NFMC counselors have mortgage rates that exceed 8%. The national level for the 30-year mortgage has averaged less than 5% since April 2010.

U.S. Reps. Peters, Campbell and Ellison Introduce Bipartisan Plan to Help Underwater Homeowners Stay...

Washington, D.C. - June 11, 2012 - (RealEstateRama) -- U.S. Reps. Gary Peters (D-MI), John Campbell (R-CA) and Keith Ellison (D-MN) introduced the Preserving American Homeownership Act of 2012. The crux of this legislation is the creation of a princip...

NAR, U.S. Treasury, Bring Short Sale Assistance to Illinois Homeowners

WASHINGTON, DC - April 23, 2012 - (RealEstateRama) -- The National Association of Realtors® is joining forces once again with the U.S. Department of the Treasury to offer aid to homeowners who are struggling to keep their homes and avoid foreclosure and to help Realtors® better assist clients through the short sale process.

More Homeowners Will Walk from Mortgages

Destin, FL - March 7, 2012 - (RealEstateRama) -- Five years into the housing downturn, a larger number of homeowners with mortgages say they will walk away from their homes if their property values continue to drop, according to a new Housing Predictor opinion poll.

FACT SHEET: President Obama Announces New Steps to Provide Housing Relief to Veterans and...

WASHINGTON, D.C. - March 6, 2012 - (RealEstateRama) -- In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. While the government cannot fix the housing market on its own, the President believes that responsible homeowners should not have to sit and wait for the market to hit bottom to get relief when there are measures at hand that can make a meaningful difference.

Major Mortgage Relief for Georgia Homeowners

Washington, DC - February 15, 2012 - (RealEstateRama) -- Federal and state governments recently settled a major agreement with the country’s five largest mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.

WEEKLY ADDRESS: It’s Time for Congress to Act to Help Responsible Homeowners

WASHINGTON, DC - February 6, 2012 - (RealEstateRama) -- In this week’s address, President Obama continued his call for a return to American values, including fairness and equality, as part of his blueprint for an economy built to last. This is why the President is sending Congress his plan to give responsible homeowners the chance to save thousands of dollars on their mortgages by refinancing at historically low rates without adding a cent to the deficit.

Business Real Estate Press Releases

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CBRE’s Philip D. Voorhees, Jimmy Slusher, Alex Kozakov, Patrick Wade and...

CBRE Vice Chairman Philip D. Voorhees announced today that the National Retail Partners-West (NRP-West), along with Alex Kozakov and Patrick Wade from CBRE Los Angeles