Monthly Archives: February 2011

WASHINGTON, D.C. - February 2, 2011 - (RealEstateRama) -- John A. Courson, President and CEO of the Mortgage Bankers Association (MBA) today issued the following statement in response to the Federal Reserve Board's announcement that it would not finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).

DENVER, CO - February 2, 2011 - (RealEstateRama) -- Judy Fahrenkrog, a leading real estate professional since 1981, has rejoined the top-producing team at Kentwood City Properties as a Broker Associate. Fahrenkrog has spent the past year as the on-s...

Anchorage, AK - February 2, 2011 - (RealEstateRama) -- In response to the energy crisis in northwest Alaska, NANA Regional Corporation, Inc.'s (NANA) board of directors approved NANA's participation in an exciting new partnership with the Rural Alas...

McLean, VA - February 2, 2011 - (RealEstateRama) --Freddie Mac (OTC: FMCC) announced today that it priced its new 0.75% $4 billion two-year USD Reference Notes® security due on March 28, 2013. The issue, CUSIP number 3137EACS6, was priced at 99.758 to yield 0.864%, or 21.5 basis points more than two-year U.S. Treasury Notes. The issue will settle on Friday, February 4, 2011

WASHINGTON, D.C. - February 2, 2011 - (RealEstateRama) -- The Federal Reserve Board on Tuesday announced that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).

Destin, FL - February 2, 2011 - (RealEstateRama) -- Housing markets in 17 states are forecast to see home prices go higher in 2011, according to Housing Predictor analysts

Bluffton, S.C. - February 1, 2011 - (RealEstateRama) -- A strong finish to the year boosted closed and pending real estate sales at Palmetto Bluff to $44.5 million, a 42 percent increase over 2009 sales of $26.3 million. The 20,000-acre environmental preserve and residential community in South Carolina’s Lowcountry had a particularly strong fourth quarter with $14.3 million in sales, more than half of its total sales in 2009.

DENVER, CO - February 1, 2011 - (RealEstateRama) -- One of the largest real estate franchises in the world is celebrating its 38th anniversary and a year of significant success despite a challenging housing market. This month, RE/MAX and its Co-Founders, Dave and Gail Liniger, celebrate a year of remarkable achievements and Founder’s Day, the day RE/MAX was created.

Los Angeles, CA - February 1, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced the launch of a new, proprietary online real estate loan auction service. This new platform expands the company’s capabilities for assisting sellers in the disposition of commercial real estate loans.

Des Plaines, IL - February 1, 2011 - (RealEstateRama) -- One hundred and forty Regional “Contractor of the Year” (CotY) Winners were named by the National Association of the Remodeling Industry (NARI) during this year’s regional competition. Judging for the regional projects took place at NARI’s national headquarters in Des Plaines, Illinois, in the first week of January.

McLean, VA - February 1, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3137EACS6, due on March 28, 2013. The issue will be priced on Wednesday, February 2, 2011, and will settle on Friday, February 4, 2011, at benchmark size

Denver, CO - February 1, 2011 - (RealEstateRama) -- Redfin, a technology-powered brokerage that seeks to change the whole real estate game in consumers' favor, today expanded to the Denver metropolitan area, bringing to Colorado the company's trademark combination of consumer advocacy, transparency and value

WASHINGTON, DC - February 1, 2011 - (RealEstateRama) -- In a report to Congress released today, the U.S. Department of Housing and Urban Development (HUD) found that “worst case housing needs” grew by nearly 1.2 million households, or more than 20 percent, from 2007 to 2009 and by 42 percent since 2001. “Worst case housing needs” are defined as low-income households who paid more than half their monthly income for rent, lived in severely substandard housing, or both.

WASHINGTON, D.C. - February 1, 2011 - (RealEstateRama) -- On Friday, February 4, 2011, at 10:00 a.m., the Congressional Oversight Panel will hold a hearing in room 538 of the Dirksen Senate Office Building to examine the current state of the commercial real estate market and its implications for bank stability and returns to the Troubled Asset Relief Program.

WASHINGTON, DC - February 1, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration's Housing Scorecard. The latest housing figures show increased new and existing home sales as home affordability remains high, but officials caution that the market remains fragile, as prices are unsettled. Foreclosure starts and completions remained low at the year’s end, as lenders continue to review internal servicing procedures.

Washington, DC - February 1, 2011 - (RealEstateRama) -- FHFA Acting Director Edward J. DeMarco today announced the agency will consolidate its three office locations into one, moving from Northwest, Washington, D.C. to Constitution Center at 400 Seventh St., Southwest. FHFA anticipates the move beginning in November 2011