RealEstateRama

WASHINGTON, D.C. - July 16, 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 HOPE™ Hotline at 888-995-HOPE™, announced today that the Bank of America Charitable Foundation awarded the organization a $250,000 grant.

WASHINGTON, D.C. - July 16, 2013 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the July 12, 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 in Kentucky, Texas, Virginia, and Washington

Atlanta, Georgia - July 16, 2013 - (RealEstateRama) -- On July 15, 2013, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Senior Reverse Mortgage Advisors, LLC dba reverserewards.com dba reversemortgagechoice.com, located at 2632 W 237th Street, Suite 201 Torrance, California 90505, became final

WASHINGTON, D.C. - July 15, 2013 - (RealEstateRama) -- Senators Bob Corker (R-TN) and Mark Warner (D-VA) introduced bipartisan legislation last month to address the nation’s troubled housing finance system. They will discuss the details of the proposal and prospects for housing finance reform at the Bipartisan Policy Center (BPC) this Wednesday, July 17, at 8:30AM.

WASHINGTON, D.C. - July 15, 2013 - (RealEstateRama) -- For the past decade, McLlarky was a resident and the key keeper of Casa Juanita, an 80-unit public housing complex for seniors and persons with disabilities located in Kirkland, Wash. McLlarky moved to Kirkland in 2003 to live closer to his daughter Jennifer Wittenberg and her family. From 1995-2002, McLlarky was active as a civic volunteer in the Town of Hudson, N.H., where he served on the sewer utility, conservation, and budget committees. He retired from careers in material control and management information systems. McLlarky received a bachelor’s degree in computer science, graduating cum laude from New Hampshire College, now called Southern New Hampshire University.

WASHINGTON, D.C. - July 15, 2013 - (RealEstateRama) -- Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) announced a bipartisan agreement on legislation to ensure the solvency of the Federal Housing Administration. Details of the Senate bill will be released next week.

WASHINGTON, D.C. - July 15, 2013 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) announced today that the company issued approximately $7.6 billion1 of multifamily MBS in the second quarter of 2013, backed by new multifamily loans delivered by its lenders. Fannie Mae also resecuritized $3.0 billion of DUS® MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program in the second quarter.

WASHINGTON, D.C. - July 15, 2013 - (RealEstateRama) -- The American dream of homeownership strengthens families, communities, and our nation as a whole. Housing is also a major contributor to the American economy. Before our nation’s economy can become strong again, our housing market must become robust.

WASHINGTON - July 12, 2013 - (RealEstateRama) -- Nearly 2.9 million checks, totaling more than $2.5 billion, related to the Independent Foreclosure Review (IFR) Payment Agreement have been cashed or deposited through July 11, 2013.

Dover, DE - July 12, 2013 - (RealEstateRama) -- The Delaware State Housing Authority (DSHA) announced last month that it will be taking the lead in a new outreach project designed to expand the relief options available to homeowners who are struggling with their mortgages. The Making Home Affordable Outreach and Intake Project aims to help homeowners avoid mortgage default by seeking resolutions through the Making Home Affordable (MHA) Program, the cornerstone of President Obama’s plan to offer lasting relief to homeowners in financial distress.

Redmond, OR - July 12, 2013 - (RealEstateRama) -- Housing Works, the leading affordable housing provider serving the tri-county Central Oregon region, has secured an additional fifteen (15) federally-funded vouchers to aid homeless veterans obtain quality housing

WASHINGTON, D.C. - July 11, 2013 - (RealEstateRama) -- U.S. Representative Gary Peters today raised concerns over the Chairman of the U.S. House Financial Services Committee’s GSE reform proposal that would eliminate the 30-year fixed rate mortgage. Peters believes the plan, unveiled today, would make homeownership too expensive for many middle class families, potentially undermining our economic recovery.

WASHINGTON, D.C. - July 11, 2013 - (RealEstateRama) -- Today House Financial Services Committee Chairman Jeb Hensarling (R-TX) released a detailed outline of a bill to reform the entire housing-finance system, including Fannie Mae, Freddie Mac, and the Federal Housing Administration, or FHA. Julia Gordon, Director of Housing Finance and Policy at the Center for American Progress, issued the following reaction:

WASHINGTON, DC - July 11, 2013 - (RealEstateRama) -- Chairman Johnson, Ranking Member Crapo, and members of the Committee, thank you for inviting me to testify today on behalf of the Treasury Department.

LIVINGSTON, N.J. - July 11, 2013 - (RealEstateRama) -- In Bergen County, N.J., where for-sale multi-family investment properties are sparse, Gebroe-Hammer Associates has orchestrated more than $18 million in investment sales during the past 12 months. The latest trade involves the $2.025 million sale of 15 units at 82 Brinkerhoff St., in Ridgefield Park

WASHINGTON, DC - July 11, 2013 - (RealEstateRama) -- Secretary of Veterans Affairs Eric K. Shinseki announced today the award of nearly $300 million in grants that will help approximately 120,000 homeless and at-risk Veterans and their families. The grants have been awarded to 319 community agencies in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands.

WASHINGTON, D.C. - July 11, 2013 - (RealEstateRama) -- Homeowners in the Anaheim-Santa Ana, Calif., metro division paid a median of $270,000 for their homes, according to a 2011 American Housing Survey profilereleased today. The median purchase price of homes constructed in the past four years was higher at $535,000. Nationally, homeowners paid $110,000 overall and $235,000 for new construction.

WASHINGTON, D.C. - July 10, 2013 - (RealEstateRama) -- Today, the Consumer Financial Protection Bureau (CFPB) finalized corrections, clarifications, and amendments to its Ability-to-Repay and mortgage servicing rules. Today’s clarifications were first proposed in April 2013 and reflect the Bureau’s commitment to facilitating implementation in order to better protect consumers

WASHINGTON, D.C. - July 10, 2013 - (RealEstateRama) -- Assembly Republican Whip Scott Rumana, R-Passaic, Bergen, Essex and Morris, issued the following statement regarding today’s state Supreme Court 5-2 ruling that Gov. Chris Christie is not permitted to scrap the Council on Affordable Housing (COAH), a state agency charged with overseeing the building of affordable-housing units for New Jersey’s residents:

WASHINGTON, D.C. - July 10, 2013 - (RealEstateRama) -- Following Super Storm Sandy’s devastation along the East Coast of the United States, the City of New York called upon the Urban Green Council to convene a NYC Building Resiliency Task Force –a group of real estate owners, property managers, architects, engineers, contractors, city officials, code consultants, and attorneys – with a mission to make recommendations to improve building resiliency and maximize preparedness for future weather emergencies, as well as re-evaluate sections of the New York City Building Code