RealEstateRama

WASHINGTON, DC - October 10, 2013 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) announced today that the company issued approximately $5.7 billion1 of multifamily MBS in the third quarter of 2013, backed by new multifamily loans delivered by its lenders. Fannie Mae also resecuritized $1.7 billion of DUS® MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program in the third quarter.

- October 10, 2013 - (RealEstateRama) -- Workers at 231 10th Ave, a luxury condominium on the High Line, went on strike today. The workers, who make as little as $13 an hour in a building where one-bedroom apartments sell for $1.6 million, have been facing threats and intimidation. The union has filed 10 unfair labor practice charges against the building, owned by Vesta 24 Condominiums, but the federal shutdown has closed the National Labor relations Board, making it unable to provide relief to the workers. The workers felt that striking was their only option.

WASHINGTON, D.C. - October 9, 2013 - (RealEstateRama) -- Today, the Consumer Financial Protection Bureau (CFPB) ordered Mortgage Master, Inc. and Washington Federal to pay civil penalties for violating the Home Mortgage Disclosure Act (HMDA), which requires certain mortgage lenders to accurately collect and report data about home mortgage loans. Mortgage Master will pay $425,000 and Washington Federal will pay $34,000 in civil penalties. The CFPB is also releasing a bulletin today that puts mortgage lenders on notice about the importance of submitting correct mortgage loan information under HMDA.

Fairfax, VA - October 9, 2013 - (RealEstateRama) -- Americans for Limited Government President Nathan Mehrens today issued the following statement noting the irony of Barack Obama calling delinquent mortgage borrowers “deadbeats,”comparing them to Congress questioning whether the nation can continue increasing the national debt by more than $1 trillion a year via the debt ceiling:

WASHINGTON, D.C. - October 9, 2013 - (RealEstateRama) -- In July 2013, the Department of Housing and Urban Development (HUD) issued a draft rule called Affirmatively Further Fair Housing (AFFH), which was designed to clarify the Fair Housing Act’s 1968 mandate to address segregated housing issues and promote diverse, inclusive communities. The rule is specifically geared towards entities that receive HUD funding and helping them develop fair housing plans. Manna, Inc. submitted the below comment on the draft rule (you can also find Manna’s comment on HUD’s website):

WASHINGTON, D.C. - October 9, 2013 - (RealEstateRama) -- The doors of YouthBuild programs are kept open with the support from cross-sector leaders who believe that young people are sources of leadership in local communities

Northbrook, IL - October 8, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased CVS property located at 1203 South Main Street in Bluffton, Indiana for $3,100,000.

SEATTLE, WA - October 8, 2013 - (RealEstateRama) -- After more than five years of Fannie Mae and Freddie Mac conservatorship, now is the time to move past the temporary fixes that were put in place during the crisis and create a functional and sustainable housing finance system. But with so many plans being put forward, it can be confusing for consumers to understand how changes to the mortgage finance system might affect them. What is in store for the future of mortgage finance? How will the reform of government-sponsored enterprises (GSEs) evolve with the housing recovery?

Dallas, Tex. - October 8, 2013 - (RealEstateRama) -- The Dallas office of Duke Realty Corporation (Duke Realty) announced today that Anna’s Linens, a retailer of home textiles and home decor items, has leased 263,625 square feet in its Point West VI building, a 1,079,475-square-foot industrial building in Coppell, Tex. Anna’s Linens will use the space in Point West VI as a regional distribution center.

DENVER - October 8, 2013 - (RealEstateRama) -- Stan Kniss, an accomplished veteran of the residential construction and real estate industries, has joined Kentwood City Properties in downtown Denver as a Broker Associate. Kniss was recognized as the Top Salesperson of the Year in 1999 and 2000 by the Home Builders Association of Metro Denver and has personally sold more than $450 million in total real estate sales volume and has facilitated over 500 successful transactions.

WASHINGTON, D.C. - October 8, 2013 - (RealEstateRama) -- Development and construction of new commercial real estate – office, industrial and retail buildings – continued its climb in 2012, supporting approximately 2.3 million American jobs and contributing $303.4 billion to the nation’s economy, marking the second year that the sector posted gains since 2007, according to a new report released today by the NAIOP Research Foundation. But industry experts warn that global economic sentiment and uncertainty in Washington and state capitals are dampening a more fulsome recovery in the sector.

Denver, CO - October 8, 2013 - (RealEstateRama) -- RE/MAX Holdings, Inc. (the “Company” or “RE/MAX”), one of the world's leading franchisors of real estate brokerage services, has completed its initial public offering of 11,500,000 shares of Class A common stock at $22.00 per share, including the full exercise of the option to purchase 1,500,000 additional shares granted to the underwriters. The Company’s Class A common stock began trading on the New York Stock Exchange under the symbol “RMAX” on October 2, 2013

WASHINGTON, D.C. - October 7, 2013 - (RealEstateRama) -- The Home Depot Foundation is seeking opportunities to support veteran housing projects in rural areas. Projects may be new construction or rehab, with priority given to renovation and rehab projects, and must be either in progress or scheduled to commence within the next 12 months. The Home Depot Foundation anticipates funding several projects, with awards ranging from $25,000 to $40,000.

WASHINGTON, D.C. - October 7, 2013 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Oct. 4, 2013, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties across the country.

Victorville, CA - October 7, 2013 - (RealEstateRama) -- Mehdi Mostaedi and Emelie Kwon of Coldwell Banker Commercial Real Estate Solutions broker the sale of a $1.5 million sale of a multi-tenant retail shopping center in Phelan, California.

PALINFIELD, IND. - October 4, 2013 - (RealEstateRama) -- Recommendations for five Indiana properties selected for Duke Energy’s 2013 Site Readiness Program have been given to local government and economic development officials.

WASHINGTON, D.C. - October 4, 2013 - (RealEstateRama) -- Mercy Loan Fund, a subsidiary of Mercy Housing Inc., announced that it has received a $1,347,000 financial assistance award from the United States Treasury’s Community Development Financial Institutions (CDFI) Fund. The funds will provide financing to affordable housing projects in low-income and distressed communities.

WASHINGTON, D.C. - October 3, 2013 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline at 888-995-HOPE™, today issued guidance to federal employees anticipating difficulties meeting their monthly mortgage obligations due to a government shutdown-related loss of income.

DES MOINES, IA - October 3, 2013 - (RealEstateRama) -- Meredith Corporation and Rebuilding Together Greater Des Moines will join forces on October 3 in the Columbus Park neighborhood on Des Moines’ south side to repair homes, install playground equipment, and spruce up the Bellizzi MacRae American Legion Hall. More than 200 Meredith volunteers will donate their time and effort in this 12th Annual Fall Workday

ATLANTA, GEORGIA - October 3, 2013 - (RealEstateRama) -- Harry Norman, REALTORS® is pleased to sponsor The Georgia Trust’s 2013 Fall Ramble, taking place in Madison, Ga. on October 4-6, 2013. Voted “#1 Small Town in America” by Travel Holiday magazine in 2001, Madison is home to one of the largest historic districts in the state with nearly 100 historic homes