ULI’s 2013 Fall Meeting Set for November 5-8 In Chicago; Nearly 7,000 Land Use...
WASHINGTON, DC - February 28, 2013 - (RealEstateRama) -- The Urban Land Institute (ULI), a global research and education institute dedicated to responsible land use and building thriving, sustainable communities, will hold its 2013 Fall Meeting November 5-8 at the McCormick Place Convention Center in Chicago.
Mayor Gray and Office on Latino Affairs Announce More than $1.6 Million in Grants...
WASHINGTON, DC - February 28, 2013 - (RealEstateRama) -- Mayor Vincent C. Gray and Mayor’s Office on Latino Affairs (OLA) Executive Director Roxana Olivas today announced that OLA has awarded more than $1.6 million in grants to 55 District-based non-profit organizations that provide health and other community services to the city’s Latino community
Amendments to Consent Orders Memorialize $9.3 Billion Foreclosure Agreement
WASHINGTON, DC - February 28, 2013 - (RealEstateRama) -- The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board today released amendments to their enforcement actions against 13 mortgage servicers for deficient practices in mortgage loan servicing and foreclosure processing. The amendments require the servicers to provide $9.3 billion in payments and other assistance to borrowers.
Commercial Real Estate Companies Honored for Successfully Completing BOMA International’s 7-Point Challenge
WASHINGTON, D.C. - February 28, 2013 - (RealEstateRama) -- The Building Owners and Managers Association (BOMA) International recently concluded its 7-Point Challenge, a five-year program designed to help incentivize voluntary market-driven efforts among commercial real estate companies to reduce their use of natural resources, non-renewable energy sources and waste production.
Fourth Circuit Court of Appeals Adds its Voice in Affirming MERS’ Authority
Reston, Virginia - February 28, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the U.S. Court of Appeals for the Fourth Circuit affirmed an order from the U.S. District Court for the District of Maryland dismissing with prejudice plaintiff’s complaint against Mortgage Electronic Registration Systems, Inc. (MERS). The District Court held that MERS as beneficiary and nominee for the lender and the lender’s successors and assigns had authority to act on behalf of the original lender and its successors and assigns.
Ventas to Participate in Citi 2013 Global Property CEO Conference
CHICAGO February 28, 2013 - (RealEstateRama) -- Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that management will make a presentation regarding the Company at the Citi 2013 Global Property CEO Conference in Hollywood, Florida on Tuesday, March 5, 2013, at 7:30 a.m. Eastern Time
Attorney General J.B. Van Hollen Announces Mortgage Settlement Relief to Wisconsin Residents Tops $143...
MADISON - February 27, 2013 - (RealEstateRama) -- Attorney General J.B. Van Hollen announced today that $143,628,842 in loan-related relief has reportedly been provided to 3,065 Wisconsin borrowers under the National Mortgage Settlement. This represents an average savings of $46,861 for each borrower receiving benefits. In addition, 184 Wisconsin borrowers have been offered $13 million worth of savings in approved mortgage modifications. These benefits apply to borrowers who did not lose their homes to foreclosure but to consumers struggling to make payments, or to consumers who owed more than their home was worth.
Freddie Mac Announces Third Multifamily Securities Offering of the Year, K-502
MCLEAN, VA - February 27, 2013 - (RealEstateRama) -- Freddie Mac (OTCQB: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates") backed exclusively by multifamily mortgages with a 5-year term. The company expects to offer approximately $900 million in K Certificates ("K-502 Certificates"), which are expected to price on or about March 1, 2013, and settle on or about March 14, 2013. This is Freddie Mac's third K Certificate offering this year.
OPIC and TPC Support Expansion of Home Improvement Loans for Low-Income Cambodians with Historic...
Phnom Penh - February 27, 2013 - (RealEstateRama) -- The Overseas Private Investment Corporation (OPIC) and Thaneakea Phum (Cambodia), Ltd. (TPC) today announced the closing of a US$ 5 million term loan to fund the expansion of TPC’s portfolio of microfinance loans for low-income borrowers
Leading Real Estate Companies of the World® Conference Week Draws Record Crowds
Chicago, IL - February 27, 2013 - (RealEstateRama) -- Nearly 2,000 top real estate professionals from 17 countries are gathered this week for the Leading Real Estate Companies of the World® Conference Week at The Cosmopolitan of Las Vegas. Collectively, those in attendance represent more home sales than any real estate network, selling more than 924,000 homes in 2011 – the last full-year statistics available – valued at $234.6 billion in the U.S. alone.
Housing Finance and Business-Repair Project for Haitian Earthquake Nears Realization
PORT-AU-PRINCE, Haiti - February 27, 2013 - (RealEstateRama) -- A project poised to deliver affordable home finance and business repair loans to more than 4000 Haitian families affected by the 2010 earthquake moved a step closer to reality today with the signing of a loan agreement between the Overseas Private Investment Corporation (OPIC) and a U.S. small business
HOPE NOW Congratulates Former Executive Director on New Endeavor with CoreLogic®
WASHINGTON, DC - February 26, 2013 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, congratulates former Executive Director, Faith Schwartz, on her new role as Senior Vice President of Government Solutions for CoreLogic
Roundtable, HPC Commend BPC Report on Housing
WASHINGTON, DC - February 25, 2013 - (RealEstateRama) -- The Financial Services Roundtable and its Housing Policy Council (HPC) commend the Bipartisan Policy Commission on the release of its report today entitled: Housing America’s Future: New Directions for National Policy.
Banking Committee Chairman Outlines Policy Agenda
WASHINGTON, D.C. - February 25, 2013 - (RealEstateRama) -- Senate Banking Committee Chairman Sen. Tim Johnson (D-SD) released the committee's agenda for the 113th Congress, which includes among its top priorities continuing oversight of implementation of the Dodd-Frank Act and stabilizing the housing market and building consensus on housing finance reform
Public hearing March 4 will address Housing Element Update
WASHINGTON, D.C. - February 25, 2013 - (RealEstateRama) -- The Housing Element identifies the City’s housing conditions, needs and establishes the goals, objectives and policies that are the foundation of Mission Viejo's housing and growth strategy. The Housing Element recommends ways to meet these needs while balancing community objectives and resources
ABC Names Cajun Industries 2012 Contractor Of The Year
WASHINGTON, D.C. - February 25, 2013 - (RealEstateRama) -- Associated Builders and Contractors (ABC) has named Cajun Industries, LLC, Baton Rouge, La., its 2012 Contractor of the Year. Cajun Industries Founder and Chairman, Lane Grigsby, accepted the award on behalf of the company during ABC’s 23rd annual Excellence in Construction and National Safety Excellence Award program held Feb. 20 at the Harbor Beach Marriott in Ft. Lauderdale, Fla
STATEMENT: CAP Housing Expert Julia Gordon on New Bipartisan Policy Center Housing Commission Report
Washington, D.C. - February 25, 2013 - (RealEstateRama) -- The Bipartisan Policy Center’s Housing Commission today released its highly anticipated report, “Housing America’s Future: New Directions for National Policy.” The report covers the government-sponsored enterprise reform, the role of the Federal Housing Administration, the importance of affordable rental housing, and the special challenges of both rural housing and an aging population. Reacting to the report, Julia Gordon, Director of Housing Finance and Policy at the Center for American Progress, released the following statement
Federal Court in Washington Sides with MERS
Reston, Virginia - February 25, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that Chief Judge Marsha J. Pechman of the U.S. District Court, Western District of Washington, held that “Plaintiff’s bare legal conclusions are not sufficient to uphold his claim” and dismissed with prejudice a three-count complaint alleging violations of Washington’s Deed of Trust Act (DTA) and the state’s Consumer Protection Act (CPA).
Bipartisan Policy Center Commission Recommends New Systems for Housing Finance and Federal Rental Assistance
Washington, D.C. - February 25, 2013 - (RealEstateRama) -- A bipartisan commission of former Cabinet secretaries, former Senators and other leading housing and economic experts unveiled a new vision for housing policy today, which aims to further our nation’s economic recovery and improve the lives of millions of Americans. The recommendations propose scaling back the government role in the nation’s housing finance system and reforming housing assistance programs to better meet the needs of America’s most vulnerable households
Proposed Bill To Help Fund Affordable Housing
WASHINGTON, D.C. - February 25, 2013 - (RealEstateRama) -- Money for affordable housing in California has been slashed even as rising rents and dwindling incomes make the need more acute, advocates say.