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FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

National
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.

Statement from NFHA President and CEO Lisa Rice on HUD’s COVID-19 Response

National
The National Fair Housing Alliance (NFHA) applauds recent steps taken by the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) to assist homeowners affected by the COVID-19 crisis. Implementing a moratorium on foreclosures and foreclosure-related evictions for at least 60 days is a good first step in helping

House Democrats’ COVID-19 Response Bill Prioritizes Working Families, Provides Relief for Consumers & Borrowers

National
U.S. House of Representatives Speaker Nancy Pelosi (D-Calif.) and the House Democratic Caucus introduced their COVID-19 stimulus package, Take Responsibility for Workers and Families Act. Among the proposals, the bill includes provisions that support student loan debt cancellation and a halt on home foreclosures
HUD - U.S. Department of Housing and Urban Development

HUD PROVIDES IMMEDIATE RELIEF FOR HOMEOWNERS AMID NATIONWIDE CORONAVIRUS RESPONSE

National
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, in consultation with the Trump Administration and the Coronavirus Task Force, today authorized
MBA

Mortgage Delinquencies Decrease in Fourth Quarter of 2019

National
The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019
Foreclosure Process

When the Hammer Falls: A Look Into the Foreclosure Process

National
Have you wondered what the process is for a foreclosure on a property? According to Attom Data, 362,275 homes in the U.S. foreclosed last year.
Congresswoman Eleanor Holmes Norton

Before Veterans Day Weekend, Norton to Introduce Veterans Legal Support Act

National
Congresswoman Eleanor Holmes Norton (D-DC) announced today she will introduce the Veterans Legal Support Act of 2019, which would allow the U.S. Department of Veterans Affairs (VA)
Life After Foreclosure

Life After Foreclosure: Advice for Becoming a Homeowner Again

National
This is probably what will ring through your mind when you decide to take the journey toward homeownership after foreclosure. The first journey is still fresh in your memory; bruising and full of financial and regulatory obstacles.

Read NRMLA’s Statement to USA Today

National
On June 13, NRMLA President and CEO Peter Bell submitted the following statement to USA Today in response to the investigative series of articles on HECM foreclosures written by reporters Nick Penzenstadler and Jeff Kelly Lowenstein.
Short Sale

What is a ‘Short Sale’?

In East Bay real estate terminology, short sales refer to the house being sold lesser than the mortgage owed by the seller. The house will only be for short sale with the lender’s approval. It is a tedious process which requires a lot of paper works and the decision might take a year.
USDOJ

Justice Department Obtains $750,000 From PHH Mortgage Corp. for Unlawfully Foreclosing on Servicemembers’ Homes

The Justice Department today announced that PHH Mortgage Corporation (PHH) has agreed to pay $750,000 to six servicemembers to resolve allegations that it violated
HUD - U.S. Department of Housing and Urban Development

HUD ANNOUNCES DISASTER ASSISTANCE FOR CALIFORNIA FIRE VICTIMS

The U.S. Department of Housing and Urban Development (HUD) today announced it will speed federal disaster assistance to the State of California and provide support to homeowners and low-income renters forced from their homes in areas affected by wildfires
USDOJ

Third Real Estate Investor Pleads Guilty to Bid Rigging in Florida Online Foreclosure Auctions

Florida
Real estate investor Avi Stern pleaded guilty today in West Palm Beach, in connection with an ongoing investigation into bid rigging at online public foreclosure auctions in Florida, the Department of Justice announced. Stern is the third real estate investor to plead guilty in this investigation.

Governor Brown Restores California Homeowner’s Bill of Rights

California Governor Jerry Brown has signed into law SB 818, a bill to restore key provisions in California’s landmark “Homeowner’s Bill of Rights” (HBOR) legislation which passed in 2012 in response to the foreclosure crisis. HBOR has prevented thousands of avoidable foreclosures by requiring mortgage loan servicers to engage in timely
USDOJ

Real Estate Investor Pleads Guilty to Rigging Bids at Online Foreclosure Auctions

Real estate investor Stuart Hankin pleaded guilty today for his role in a conspiracy to rig bids, in violation of antitrust law, at online public foreclosure auctions in Florida, the Department of Justice announced. He is the first defendant to plead guilty in this conspiracy.
USDOJ

Sixth Mississippi Real Estate Investor Pleads Guilty to Conspiring to Rig Bids at Public...

Mississippi real estate investor Ivan Spinner became the sixth real estate investor to plead guilty in connection with the ongoing investigation into bid rigging at public real estate foreclosure auctions in Mississippi, the Department of Justice announced.
MBA

Mortgage Delinquencies Down in 1st Quarter of 2018

The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally-adjusted rate of 4.63 percent of all loans outstanding at the end of the first quarter of 2018. The delinquency rate was down 54 basis points from the previous quarter, and was eight basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
USDOJ

Five Real Estate Investors Sentenced for Rigging Bids at Northern California Public Foreclosure Auctions

Five real estate investors were sentenced yesterday for their role in a conspiracy to rig bids, in violation of the antitrust laws, at public real estate foreclosure auctions in Northern California,
EPA

EPA Announces First Water Infrastructure Loan Under WIFIA

The U.S. Environmental Protection Agency (EPA) issued its first-ever loan from the Water Infrastructure Finance and Innovation Act (WIFIA) program to King County, Washington, to help finance its Georgetown Wet Weather Treatment Station.

How Bankruptcy Can Stop Foreclosure On Your House

Home ownership is an accomplishment in itself. However, it can be difficult for first time home owners to keep up with their mortgage payments. Every years, thousands of borrowers fall behind on their payments due to unforeseen circumstances. If this ever happens to you, there might be a way to save your home through bankruptcy.

Business Real Estate Press Releases

Recent Gov & Nonprofit Real Estate Press Releases

DOI

Secretary Bernhardt Announces $227 Million for State Outdoor Recreation and Conservation...

U.S. Secretary of the Interior David Bernhardt today announced $227,125,000 will be distributed from the Land and Water Conservation Fund (LWCF) to all 50 states, five U.S. territories