Finance

WASHINGTON, DC - November 15, 2011 - (RealEstateRama) -- The Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial status of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. This insurance Fund is the backbone of the FHA single-family and reverse mortgage programs. In reporting on findings of the annual independent actuarial study, HUD indicates that, in the midst of continued weakness in housing markets across the county, the MMI Fund capital ratio remains positive this year at 0.24 percent. With new risk controls and premiums put in place by the Obama Administration, the independent actuaries predict the Fund will return to the Congressionally-mandated threshold of two percent capital more quickly than was projected by last year’s review. The economic value of new insurance endorsements in FY 2011 for the Fund was nearly double that of FY 2010 endorsements, being close to $11 billion.

ANAHEIM, CA - November 14, 2011 - (RealEstateRama) -- The U.S. will not become a nation of renters; there are just too many benefits, both financial and otherwise, to own versus rent. That’s according to the combined findings of several recent studies presented during the “Buyer or Renter Nation?” session today at the 2011 Realtors® Conference & Expo.

Chicago, IL - October 10, 2011 - (RealEstateRama) -- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), graduated 35 Certified Mortgage Bankers (CMB) at a ceremony held at MBA’s 98th Annual Convention & Expo in Chicago. The CMB designation is the highest professional honor within the real estate finance industry.

WASHINGTON, D.C. - October 6, 2011 - (RealEstateRama) -- Chairman Johnson, Ranking Member Shelby, and members of the Committee, thank you for inviting me to testify today on behalf of the Financial Stability Oversight Council (the “Council”).

WASHINGTON, D.C. - October 6, 2011 - (RealEstateRama) -- Eliminating or curtailing the mortgage interest deduction would have a disproportionate impact on younger, middle-class families, who would see their ability to become home owners significantly diminished, with sober implications for their longer term financial prospects, the National Association of Home Builders (NAHB) told Congress today

West Hartford, CT - October 3, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, announces the 8th Annual New England Real Estate and Entrepreneur Conference And Trade Show. This event will take place from Octobe...

WASHINGTON, D.C. - September 22, 2011 - (RealEstateRama) -- The Federal Financial Institutions Examination Council (FFIEC) 1 today announced the availability of data on mortgage lending transactions at 7,923 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2010 lending activity—applications, originations, purchases of loans, denials, and other actions such as incomplete or withdrawn applications.

WASHINGTON, DC - September 14, 2011 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing to discuss housing finance focusing on the role of a government guarantee, as well as the benefits and risks to taxpayers. This is the tenth in a series of hearings the Committee has been holding related to housing finance reform

WASHINGTON, D.C. - September 12, 2011 - (RealEstateRama) -- Commercial/multifamily mortgage delinquency rates among four out of five major investor groups decreased in the second quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

WASHINGTON, DC - September 6, 2011 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing to discuss national mortgage servicing standards. It was the eighth in a series of hearings the Committee has been holding related to housing finance reform.

Washington, DC - September 5, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed lawsuits against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters. The suits allege violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.

WASHINGTON, D.C. - September 2, 2011 - (RealEstateRama) -- MBA's Annual Convention and Expo is the premier conference for professionals in all sectors of the mortgage banking industry. The convention addresses key industry-related strategic issues and provides in-depth analysis concerning leadership, growth strategies and trends. Garner insight from influential industry executives as they share their views on the current market, and their projections for the future of real estate finance.

WASHINGTON, D.C. - September 2, 2011 - (RealEstateRama) -- MBA's Annual Convention and Expo is the premier conference for professionals in all sectors of the mortgage banking industry. The convention addresses key industry-related strategic issues and provides in-depth analysis concerning leadership, growth strategies and trends. Garner insight from influential industry executives as they share their views on the current market, and their projections for the future of real estate finance.

WASHINGTON, D.C. - September 2, 2011 - (RealEstateRama) -- The Federal Trade Commission is seeking public comment on The Dow Chemical Company’s application for FTC approval to sell to Hager Pacific Acquisitions, LLC, real estate and other property in Torrance, California, which is related to a latex polymers business that Dow previously divested to Arkema Inc. Hager Pacific Acquisitions, LLC is a subsidiary of Hager Pacific Properties.

WASHINGTON, DC - September 1, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the August edition of the Obama Administration's Housing Scorecard. Included in this month’s report are detailed assessments for the 10 largest mortgage servicers participating in the Making Home Affordable Program with results from the second quarter of 2011. In addition to providing greater transparency about servicer performance in the program, the servicer assessments – first introduced in June and published quarterly – are intended to set a new industry benchmark for disclosure around servicer efforts to assist struggling homeowners, while prompting them to correct identified deficiencies.

West Hartford, CT - August 31, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Chris Bowser, is announcing a new webinar for business entrepreneurs. This webinar will take place online on September 8, 2001 from 8:00 to 9:00 pm EST.

Free Entrepreneur and Business Webinar - Make An Additional $3-4K Per Month On eBay West Hartford, CT - August 31, 2011 - (RealEstateRama) September 8, 2011 - 8:00 to 9:00 pm EST Register and Learn More at

WASHINGTON, D.C. - August 25, 2011 - (RealEstateRama) -- The Federal Trade Commission put an end to three schemes that claimed they would help consumers with their mortgage and debt problems, as part of settlements with defendants who allegedly claimed a bogus affiliation with government assistance programs.

San Antonio, TX - August 24, 2011 - (RealEstateRama) -- Led by the Miami Capital Markets team in partnership with the San Antonio office, CBRE arranged the loan refinance on Promontory Pointe, a 596-unit apartment community in San Antonio, Texas, on behalf of Advenir@Promontory, LLC, a Florida-based owner of multihousing communities. Financing terms of the $39,761,000 loan include a 10-year term, an aggressive interest rate, with an extended interest-only financing period at an 80% loan-to-value ratio.

Stamford, CT - August 17, 2011 - (RealEstateRama) -- CBRE (NYSE:CBG) offices in Florida and Connecticut recently arranged the $20 million acquisition financing for the Stamford, Connecticut apartment community, the blvd. Financing for the 94-unit property was obtained through People's United Bank for The Wolff Company, a Scottsdale, Arizona firm