Yearly Archives: 2014

WASHINGTON, D.C. - July 18, 2014 - (RealEstateRama) -- Two days after the historic Citigroup settlement, Associate Attorney General Tony West outlined the Justice Department’s approach to resolving the remaining cases related to Residential Mortgage-Backed Securities (RMBS) misconduct that contributed to the financial crisis. West declared that the department would not hesitate to bring litigation against these firms if these principles were not met

WASHINGTON - July 18, 2014 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced the allocation of more than $31 million to the City of Chicago, Cook County, and DuPage County to help these communities recover from devastating storms, strong winds and flooding.  These grants are provided through HUD’s

Reston, Virginia, - July 18, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Court of Appeal of the State of California Second Appellate District affirmed the trial court’s order dismissing a wrongful foreclosure lawsuit.

WASHINGTON, D.C. - July 18, 2014 - (RealEstateRama) -- Nationwide housing production fell 9.3 percent to a seasonally adjusted annual rate of 893,000 units in June, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The drop was due primarily to a nearly 30 percent decline in the South. All other regions posted monthly gains

WASHINGTON, D.C. - July 18, 2014 - (RealEstateRama) -- As part of the Administration’s all-of-the-above energy strategy, the Energy Department today announced up to $31 million to establish the initial phases of the Frontier Observatory for Research in Geothermal Energy (FORGE), a field laboratory dedicated to cutting-edge research on enhanced geothermal systems (EGS).  EGS are engineered reservoirs, created beneath the surface of the Earth, where there is hot rock but limited pathways through which fluid can flow.

Irvine, CA - July 18, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $7.75-million sale of two, class A office buildings totaling 37,652 square feet (sf) in Murrieta, CA.

San Francisco, Calif., - July 18, 2014 - (RealEstateRama) -- PCCP, LLC announced today it has formed a joint venture with TriStar Properties to acquire 45 acres of land for the development of a 673,000-square-foot industrial building in Pontoon Beach, IL, a Metro East submarket of greater St. Louis, MO.

WASHINGTON, D.C. - July 18, 2014 - (RealEstateRama) -- Holdings, LLC, a Class A distribution property totaling 1,025,000 square feet in Memphis, TN managed and sponsored by affiliates of Panattoni Development Company. The loan will recapitalize the existing financing, and will allow Panattoni to focus on leasing efforts on existing and future vacant space.

Washington, D.C. - July 18, 2014 - (RealEstateRama) -- Associated Builders and Contractors (ABC) announced that Nick Tovar has been hired as director of business development and partnerships. Tovar comes to ABC after nearly 10 years at Meridian One Corporation in Alexandria, Va., where he was the director of sales responsible for working with both associations and businesses to develop, market and manage member discount programs.

WASHINGTON, D.C. - July 17, 2014 - (RealEstateRama) -- Building on its longstanding commitment to Native American communities, the Corporation for National and Community Service (CNCS) today announced $3 million in tribal AmeriCorps grants that will increase the number of AmeriCorps members serving tribal communities by 41 percent

WASHINGTON, D.C. - July 17, 2014 - (RealEstateRama) -- Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Any reading over 50 indicates that more builders view sales conditions as good than poor

WASHINGTON, D.C. - July 15, 2014 - (RealEstateRama) -- Today, the US Department of Justice announced a $7 billion settlement with Citigroup; the financial institution will pay a record-setting $4 billion penalty for misleading investors about securities that included toxic mortgages.

Santa Barbara - July 15, 2014 - (RealEstateRama) -- Today, Rep. Lois Capps (CA-24) announced more than $8 million in federal grants designed to provide housing and economic opportunities for working-class residents.

DENVER - July 15, 2014 - (RealEstateRama) -- This month marks two key wildfire anniversaries which serve as an important reminder that families need to take proactive steps to protect themselves and their property against wildfires.

Reston, Virginia, - July 15, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the United States Court of Appeals for the Tenth Circuit recently ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and its co-defendants, affirming MERS’ role as mortgagee as nominee for the note owner.

WASHINGTON, D.C. - July 14, 2014 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the July 11, 2014, 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 Colorado, Georgia, Idaho, Illinois, Kansas, Oregon, Texas and Washington

WASHINGTON - July 14, 2014 - (RealEstateRama) -- As a new generation of home buyers enters into recovering real estate markets across the country, the National Association of Realtors® today announced the launch of a major national advertising campaign in conjunction with realtor.com®, as well as a comprehensive public relations effort, “Real Insight,” which together will showcase the value of the local knowledge and accurate data available to consumers through Realtors® and

WASHINGTON, D.C. - July 14, 2014 - (RealEstateRama) -- Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., issued the following statement on the Federal Housing Finance Agency’s (FHFA) draft eligibility requirements that private mortgage insurance companies would have to meet in order to insure loans sold to or guaranteed by Fannie Mae and Freddie Mac:

WASHINGTON, D.C. - July 11, 2014 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown: “The National Association of Realtors® commends the U.S. Senate today for approving the nomination of San Antonio Mayor Julian Castro to serve as the Secretary of the Department of Housing and Urban Development

WASHINGTON, D.C. - July 11, 2014 - (RealEstateRama) -- Today, the U.S. Senate confirmed San Antonio Mayor Julián Castro as the next Secretary of Housing and Urban Development (HUD) with a 71-26 vote. The National Low Income Housing Coalition (NLIHC) congratulates Secretary Castro and welcomes him to Washington.