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FHLBank San Francisco Hosts Foreclosure Prevention Workshop for Distressed Homeowners in Orange County

Ladera Ranch, CA - March 3, 2011 - (RealEstateRama) -- More than 300 homeowners attended a Foreclosure Prevention Workshop hosted by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and the Orange County Home Ownership Preservation Collaborative. Rep. Ken Calvert (CA-44) was a special guest at the event, which was held Saturday, February 26, 2011.

Fannie Mae and Freddie Mac Foreclosure Prevention Actions Double from 2009; HARP Refinancings Increase

Washington, DC - March 3, 2011 - (RealEstateRama) -- The total number of Fannie Mae and Freddie Mac completed foreclosure prevention actions in 2010 more than doubled from one year earlier, according to the FHFA’s Fourth Quarter 2010 Foreclosure Prevention & Refinance Report. Although loan modifications declined for the second consecutive quarter, refinancings through the Home

Cutting Foreclosure Help Would Leave Millions at Risk and Jeopardize Economic Recovery

March 2, 2011 - (RealEstateRama) -- Even as 50,000 new foreclosures start every week, the House Financial Services Committee votes tomorrow on four bills to dismantle programs aimed at helping homeowners. Industry figures show that more households than ever are in some stage of foreclosure, with over five million mortgage holders now at risk of losing their homes. Avoiding unnecessary foreclosures and encouraging loan modifications will be key to economic recovery, as the nation is sorely missing the jobs and growth provided by a healthy housing market.

REALTYTRAC RELEASES NEW FORECLOSURE SEARCH WIDGET FOR REAL ESTATE AGENTS AND BROKERS

IRVINE, CA - March 2, 2011 - (RealEstateRama) -- RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, today announced the launch of a new foreclosure search widget for real estate agents and brokers, allowing them to easily insert a fully functional nationwide foreclosure property search to their websites. The new product will help agents drive more traffic to their websites and generate exclusive leads from end-users.

Housing Wealth Effect Hits U.S. Economy

Destin, FL - March 2, 2011 - (RealEstateRama) -- The erosion of the syndrome known as the “Wealth Effect” is showing that fall out from the housing slump is having a major lingering impact on the U.S. economy, according to Housing Predictor analysts

FTC Mails Redress Checks to Victims of Foreclosure Rescue Scam

February 28, 2011 - (RealEstateRama) -- An administrator working for the Federal Trade Commission is mailing 1,455 refund checks to consumers defrauded by a mortgage loan modification and foreclosure rescue scam. The FTC alleged, and the court found, that operators of the scam falsely told consumers they would prevent their homes from being foreclosed and negotiate lower mortgage interest rates, monthly payments, and principal balances. The court also found that homeowners got few, if any, loan modifications, and many people lost their homes to foreclosure after paying up to $5,500.

Poll Shows Majority Believe in Housing Market Miracle

Destin, FL - February 22, 2011 - (RealEstateRama) -- Apparently the majority of American consumers believe in miracles when it comes to the housing market. A new survey shows that a majority of respondents feel that Congress and the White House should stop trying to repair the damaged housing market so it can heal itself

MBA Report Shows 5 Million Homeowners Still at Risk While Foreclosure Prevention Weakens

Washington, D.C. - February 18, 2011 - (RealEstateRama) -- The latest figures from the Mortgage Bankers Association show that reported mortgage delinquency rates moved down slightly in fourth quarter 2010, but more than five million homeowners remain at risk of losing their home to foreclosure.

Short-term Delinquencies Fall to Pre-Recession Levels, Loans in Foreclosure Tie All-Time Record in Latest...

WASHINGTON, D.C. - February 17, 2011 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 8.22 percent of all loans outstanding as of the end of the fourth quarter of 2010, a decrease of 91 basis points from the third quarter of 2010, and a decrease of 125 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased 46 basis points to 8.93 percent this quarter from 9.39 percent last quarter.

Written Testimony of Chief of Homeownership Preservation Office Phyllis Caldwell

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) -- Chairwoman Biggert, Ranking Member Gutierrez and Members of the Subcommittee, thank you for the opportunity to testify today. I appreciate the opportunity to share insights resulting from the Administration’s efforts to mitigate the effects of the most serious housing crisis since the Great Depression.

Best Housing Markets Named in 2011

Destin, FL - February 14, 2011 - (RealEstateRama) -- The best housing markets forecast in 2011 have been named by Housing Predictor, which forecasts local markets in all 50 U.S. states. Markets are annually selected by the real estate research firm, and updated as regional market conditions demand over the entire year.

Foreclosure-Response.org Team Releases Latest Data on Serious Delinquency and Foreclosure Rates for All 366...

Washington, DC - February 10, 2011 - (RealEstateRama) -- The three co-creators of Foreclosure-Response.org – the Urban Institute, the Center for Housing Policy, and Local Initiatives Support Corporation (LISC) – have compiled and released the newest data on seriously delinquent mortgages for all 366 U.S. metro areas.

Your Input Wanted on the Appropriation of Funds for Neighborhood Stabilization

PIERRE, S.D. - February 8, 2011 - (RealEstateRama) -- Citizens across South Dakota are invited to review and provide comments on South Dakota Housing Development Authority’s (SDHDA) Neighborhood Stabilization Program Plan (NSP) and its appropriation ...

Opinion Poll Shows Divide on Foreclosures

Destin, FL - February 7, 2011 - (RealEstateRama) -- Despite the financial hardship it would trigger, Americans are divided on whether the U.S. government should take action to halt the foreclosure crisis. The stunning result was delivered in a new opinion poll taken by Housing Predictor.

Home Prices in 17 States to Rise in 2011

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

Homeowners Say They’ll Walk from Mortgages

Destin, FL - January 24, 2011 - (RealEstateRama) -- Almost half of U.S. homeowners say they’ll walk away from their mortgages if home prices continue to fall. That’s according to a new survey conducted by online real estate forecasting firm Housing Predictor.

Countdown to National Consumer Protection Week 2011 Begins; Website and Blog Launched

Washington, DC - January 24, 2011 - (RealEstateRama) -- The Federal Trade Commission has launched the website and blog for National Consumer Protection Week (NCPW) 2011, to be held March 6-12. The annual event, now in its 13th year, is hosted by the FTC and nearly 30 other government agencies, consumer groups, and national organizations. The website, www.ncpw.gov, provides information about consumer rights, and promotes free resources to help consumers protect their privacy, manage credit and debt, avoid identity theft, understand mortgages, and recognize frauds and scams.

Merkley Tells President Stronger Action Needed on Foreclosure Crisis

Washington, D.C. - January 20, 2011 - (RealEstateRama) -- Oregon’s Senator Jeff Merkley penned a letter to President Obama today urging a greater focus on helping families stay in their homes and avoid foreclosure. In the letter, Merkley stressed that a strong housing market is essential to future job creation and noted that next week’s State of the Union address would be an ideal moment to jump start the conversation about how we can decrease foreclosures, stabilize the housing market, and help spur economic recovery.

Merkley Unveils Plan to Help Get Economy Back on Track: Boost the Housing Market...

Portland, OR - January 18, 2011 - (RealEstateRama) -- Oregon’s Senator Jeff Merkley today visited the North Portland home of a family who is struggling to keep their home and unveiled his plan to address the ongoing foreclosure crisis and boost the nation’s troubled housing market. A range of economists have concluded that repairing the housing market is critical to adding jobs and accelerating the slow recovery.

Best and Worst Annual Housing Markets Announced

Destin, FL - January 17, 2011 - (RealEstateRama) -- The best and worst housing market forecasts for 2011 have been issued by Housing Predictor, which selects the 25 best and 25 worst markets annually. Markets selected have the highest probability of reaching their forecasts, and are updated over the entire year as housing market conditions change

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases