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Tenth Person Pleads Guilty in Scheme to Fraudulently Control Condominium Homeowners’ Associations in Las...

WASHINGTON, DC - November 14, 2011 - (RealEstateRama) -- A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOAs) in the Las Vegas area so that the HOAs would direct b...

U.S. Will Remain a Nation of Homeowners

ANAHEIM, CA - November 14, 2011 - (RealEstateRama) -- The U.S. will not become a nation of renters; there are just too many benefits, both financial and otherwise, to own versus rent. That’s according to the combined findings of several recent studies presented during the “Buyer or Renter Nation?” session today at the 2011 Realtors® Conference & Expo.

Federal Proposal Could Raise Refinance Costs for Nearly 25 Million Homeowners

WASHINGTON, D.C. - July 29, 2011 - (RealEstateRama) -- Nearly 25 million homeowners across the country would face more expensive mortgages if a proposal by federal regulators goes unchanged. A proposal released by six federal agencies to implement credit risk retention provisions included in the Dodd–Frank Wall Street Reform and Consumer Protection Act would require homeowners to have at least 25 percent equity in their homes in order to qualify for a lower-rate "Qualified Residential Mortgage" (QRM) for refinancing. An analysis of the CoreLogic data shows 24.8 million U.S. homeowners – more than half of all U.S. homeowners with a mortgage - have less than 25 percent equity in their homes.Homeowners looking to refinance but fail to qualify for a QRM will be subject to additional costs associated with lenders' risk retention requirements included in the Dodd-Frank bill. According to the National Association of REALTORS®, consumers in a non-QRM loan could pay between 0.80 and 1.85 percentage points more in interest rate, simply because they could not meet the down payment or equity requirements.

Homeowners Want Federal Tax Credit Left Alone

Destin, FL - May 6, 2011 - (RealEstateRama) -- A majority of homeowners surveyed say they want Congress to leave the federal tax credit for homeowners alone, and institute other tax advantages to re-stimulate the U.S. housing market, according to a Housing Predictor opinion poll.

Mortgage Servicers Completed 1.76 Million Loan Modifications for Homeowners in 2010

WASHINGTON, DC - February 2, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its final 2010 loan modification data, which shows that an estimated 1.76 million homeowners received permanent, affordable loan modifications from mortgage servicers in 2010.

46 Percent of Refinancing Homeowners Pay Down Debt in Fourth Quarter

McLean, VA - January 31, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released the results of its fourth quarter 2010 cash-out refinance analysis.

Homeowners Say They’ll Walk from Mortgages

Destin, FL - January 24, 2011 - (RealEstateRama) -- Almost half of U.S. homeowners say they’ll walk away from their mortgages if home prices continue to fall. That’s according to a new survey conducted by online real estate forecasting firm Housing Predictor.

FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams

WASHINGTON, D.C. - November 22, 2010 - (RealEstateRama) -- Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases