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CDFI Fund Announces Training Schedule for Microfinance Capacity Building Initiative Series

Washington, DC - November 14, 2012 - (RealEstateRama) -- The Community Development Financial Institutions Fund (CDFI Fund) is pleased to invite Community Development Financial Institutions (CDFIs) involved in microfinance or small dollar lending to participate in the Capacity Building Initiative training series Scaling Up Microfinance. The training will enhance the exposure of microfinance CDFIs to best practices in the field, explain tools for determining appropriate strategies to scale microfinance operations, and include advanced technical assistance opportunities. The series will be provided by Opportunity Finance Network (OFN).

National Affordable Housing Awards Recognize Outstanding State Programs

October 26, 2012 - (RealEstateRama) -- Twenty (20) state Housing Finance Agency (HFA) programs received Annual Awards for Program Excellence during the National Council of State Housing Agencies (NCSHA) 2012 Annual Conference & Showplace in Orlando, FL.

MBA Announces 2013 Commercial Real Estate/Multifamily Finance Board of Governors Leadership and New Members

Chicago, IL - October 24, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the election of Brian F. Stoffers, CMB, President, CBRE Capital Markets as the new Chair of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) at the association’s 99th Annual Convention & Expo in Chicago. Rodrigo Lopez, CMB, AmeriSphere Multifamily Finance LLC, will serve as Vice Chair.

SARs Regarding Foreclosure Rescue Scams Increase

VIENNA, VA - October 9, 2012 - (RealEstateRama) -- Suspicious activity reports (SARs) regarding foreclosure rescue scams continued to grow in the first half of 2012, even as the total number of SARs indicating mortgage loan fraud (MLF) declined, the Financial Crimes Enforcement Network (FinCEN) announced today in its latest Mortgage Loan Fraud Update. This update to FinCEN's prior MLF reports looks at SAR filings from April through June 2012 (2012 Q2).

Bear Stearns Lawsuit Paves Way for More Accountability

WASHINGTON, D.C. - October 8, 2012 - (RealEstateRama) -- “The complaint filed against Bear Stearns, now owned by JPMorgan Chase, is a welcome step in an ongoing investigation of Wall Street investment banking activities leading up to the financial crisis. This is the first action taken by this federal task force to bring accountability and relief to homeowners and others who have suffered the devastating consequences of uprooted families, defrauded investors and a crippled economy.

CDFI Fund Announces First Capacity Building Initiative Training for CDFIs Working with Small Businesses

Washington, DC - September 27, 2012 - (RealEstateRama) -- The Community Development Financial Institutions Fund (CDFI Fund) is pleased to invite Community Development Financial Institutions (CDFIs) to apply to participate in the Capacity Building Initiative training series Innovations in Small Business Lending. CDFIs that are currently engaged in providing loans to small and medium-sized enterprises will be able to attend free trainings that are designed to support their continued growth and expanded capabilities. The series will be provided by Deloitte Financial Advisory Services LLP (Deloitte).

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - September 27, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.56 percent based on loans closed in August. There was a decrease of 0.10 percent from the previous month. In March of 2012, FHFA began calculating interest rates using un-weighted survey data.

MBA Statement on FHFA’s New Representation and Warranty Framework

WASHINGTON, D.C. - September 12, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the new representation and warranty framework announced by the Federal Housing Finance Agency (FHFA) today.

SEC Shuts Down San Diego-Based Real Estate Investment Fraud

Washington, D.C. - September 10, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today announced an asset freeze against a San Diego-based firm and its owner accused of running a real estate investment fraud that raised approximately $50 million from hundreds of investors nationwide

FHFA Announces Increase in Guarantee Fees

Washington, DC - August 31, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that it has directed Fannie Mae and Freddie Mac to raise guarantee fees (g-fees) on singlefamily mortgages by an average of 10 basis points. The changes to g-fee pricing represent a step toward encouraging greater participation in the mortgage market by private firms, a goal set forth in FHFA’s Strategic Plan for Enterprise Conservatorships.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - August 28, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.66 percent based on loans closed in July. Beginning in March, FHFA is calculating interest rates using un-weighted survey data.

CDFI Fund Update: New Capacity Building Initiative Resource Bank Available

WASHINGTON, D.C. - August 22, 2012 - (RealEstateRama) -- The Community Development Financial Institutions Fund (CDFI Fund) is committed to making its Capacity Building Initiative a comprehensive source of trainings and reference materials for Community Development Financial Institutions (CDFIs). Building upon that commitment, the CDFI Fund has added a new Capacity Building Initiative Resource Bank to its website. The Foreclosure Solutions Resource Bank will be an essential tool for CDFIs navigating the intricacies of foreclosure intervention

MBA Statement on Treasury Announcement of Modifications to Agreements with GSEs

WASHINGTON, D.C. - August 20, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the U.S. Treasury Department’s announcement of modifications to the Preferred Stock Purchase Agreements (PSPAs) between the Treasury Department and the Federal Housing Finance Agency (FHFA).

FinCEN Reminds Mortgage Companies and Brokers of New Regulatory Requirements

VIENNA, VA - August 17, 2012 - (RealEstateRama) -- Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr. today announced the issuance of an advisory for non-bank residential mortgage lenders and originators (RMLOs) to help them identify and report suspicious activity related to potential mortgage fraud. In his remarks before the American Association of Residential Mortgage Regulators' (AARMR's) 23rd Annual Regulatory Conference, he also discussed FinCEN's new anti-money laundering (AML) requirements for RMLOs. As of Monday, Aug. 13, RMLOs must comply with FinCEN's final rule requiring the establishment of AML programs and the filing of suspicious activity reports (SARs).

FHFA Sends Notice to Federal Register on Use of Eminent Domain to Restructure Performing...

Washington, DC - August 8, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a Notice indicating its concern with the proposed use of eminent domain to restructure performing home loans and inviting public input.

Credit Union Merger Provides Greater Services for Realtors®

WASHINGTON, DC - August 7, 2012 - (RealEstateRama) -- On August 1, Realtors® Federal Credit Union merged with Northwest Federal Credit Union to better serve its members. Members of the Realtors® Federal Credit Union, now a division of Northwest Federal Credit Union, have greater access to service centers, financial loans, banking services and much more.

Housing Finance Reform Must Provide Reliable Credit to Home Buyers, NAHB Tells Congress

WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- The National Association of Home Builders (NAHB) told Congress today that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to the mortgage markets while ensuring consumer protections.

FHFA Announces Next Steps in REO Pilot Program

Washington, DC - July 3, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that the winning bidders in a real estate owned (REO) pilot initiative have been chosen and transactions are expected to close early in the third quarter. Market response has been robust with strong qualified bidder interest

FHFA’s Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac, and Federal...

Washington, D.C. - June 13, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its fourth annual Report to Congress, detailing the agency’s examinations of Fannie Mae and Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance.

NeighborWorks America Announces That More Than 1.3 Million Households Have Received Help From National...

Washington, D.C. - June 12, 2012 - (RealEstateRama) -- More than 1.3 million homeowners have received foreclosure prevention counseling by local nonprofits and state housing finance agencies participating in the National Foreclosure Mitigation Counseling (NFMC) program administered by NeighborWorks America, one of the nation’s largest community development corporations. The latest report on the NFMC program also found that 51% percent of homeowners seeking help are women, and overall that 20% of the people being served by NFMC counselors have mortgage rates that exceed 8%. The national level for the 30-year mortgage has averaged less than 5% since April 2010.

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

Recent Gov & Nonprofit Real Estate Press Releases

Benefits Of Landscaping

Even though most people spend the bulk of their time indoors, we are all compelled to go outside and enjoy the sights and the sounds of nature. The sun, green grass, lovely flowers, delicious scents, and animals all contribute to a calming and refreshing experience in the great outdoors. It's easy to discern the looks and smells that lawns and landscapes provide

How To Clean Gutters?