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Best Housing Markets Change

Destin, FL - August 1, 2011 - (RealEstateRama) -- A shake up has developed in the best real estate markets forecast for the year by Housing Predictor as cities that appeared to be developing stronger markets decline, and others move into full-fledged housing recoveries. Many cities in the U.S. are sustaining the blow of a generation in terms of home prices, but there are markets that are strengthening.

FHA’S MORTGAGEE REVIEW BOARD TAKES ACTION AGAINST 240 LENDERS

WASHINGTON, DC - August 1, 2011 - (RealEstateRama) -- The Federal Housing Administration’s Mortgagee Review Board (MRB) today announced hundreds of administrative actions against FHA-approved lenders who failed to meet its requirements. MRB sanctions against lenders include reprimands, probations, suspensions, withdrawals of approval, and civil money penalties. Read the full text of MRB’s Federal Register Notice

Second Quarter Numbers Show Federal Home Loan Banks Supporting Economy

Washington, DC - July 29, 2011 - (RealEstateRama) -- Figures released today demonstrate the Federal Home Loan Banks continue to support housing, jobs and economic growth by channeling capital from global markets to consumers and communities, according to the trade group representing the 12 regional cooperatives.

LISC names MA state housing leader as Executive VP of Programs

NEW YORK, NY - July 29, 2011 - (RealEstateRama) -- The Local Initiatives Support Corporation (LISC) has named Tina Brooks, undersecretary for housing and community development for the Commonwealth of Massachusetts, as its new executive vice president for programs.

Up to $50,000 Available to Help Pay Your Mortgage

BOISE, ID - July 29, 2011 - (RealEstateRama) -- Do you need help with your mortgage payments? Emergency Homeowners’ Loan Program (EHLP) funds are available through the Idaho Housing and Finance Association (IHFA) to assist qualified unemployed or ...

HUD SECRETARY ANNOUNCES AVAILABILITY OF $95 MILLION FROM SUSTAINABLE COMMUNITIES GRANT PROGRAMS

WASHINGTON, DC - July 29, 2011 - (RealEstateRama) -- Today, U.S. Housing and Urban Development Secretary Shaun Donovan announced the availability of $95 million to support sustainable local initiatives through the FY 2011 Regional Planning and Community Challenge Planning Grant Programs from HUD’s Office of Sustainable Housing and Communities. Awarded competitively, both programs work to expand housing choices, improve connections between employment centers and homes, and reduce barriers to achieving affordable, economically vital, and sustainable communities.

Federal Proposal Could Raise Refinance Costs for Nearly 25 Million Homeowners

WASHINGTON, D.C. - July 29, 2011 - (RealEstateRama) -- Nearly 25 million homeowners across the country would face more expensive mortgages if a proposal by federal regulators goes unchanged. A proposal released by six federal agencies to implement credit risk retention provisions included in the Dodd–Frank Wall Street Reform and Consumer Protection Act would require homeowners to have at least 25 percent equity in their homes in order to qualify for a lower-rate "Qualified Residential Mortgage" (QRM) for refinancing. An analysis of the CoreLogic data shows 24.8 million U.S. homeowners – more than half of all U.S. homeowners with a mortgage - have less than 25 percent equity in their homes.Homeowners looking to refinance but fail to qualify for a QRM will be subject to additional costs associated with lenders' risk retention requirements included in the Dodd-Frank bill. According to the National Association of REALTORS®, consumers in a non-QRM loan could pay between 0.80 and 1.85 percentage points more in interest rate, simply because they could not meet the down payment or equity requirements.

Kerry, Brown, McGovern, Capuano: $2 Million for Housing Help for Veterans in Worcester and...

BOSTON, MA - July 28, 2011 - (RealEstateRama) -- Senators John Kerry and Scott Brown, along with Congressmen Jim McGovern and Michael Capuano, today announced that two organizations that help homeless veterans in Massachusetts will receive two million dollars from the U.S. Department of Veterans Affairs to improve housing and expand support services for those with very low incomes.

Building Services to change days for inspections

TAVARES, FL - July 28, 2011 - (RealEstateRama) -- Beginning Monday, Aug. 1, the Lake County Department of Growth Management, Building Services Division, located on the fifth floor of the Lake County Administration Building at 315 W. Main St. in Tavares, will change the days that building inspections are performed to Monday, Tuesday, Thursday and Friday

Home Buyers and Sellers Prefer RE/MAX

DENVER, CO - July 28, 2011 - (RealEstateRama) -- Results from the J.D. Power and Associates 2011 Home Buyer/Seller StudySM, recognize RE/MAX for providing the highest overall consumer satisfaction for both home buyers and home sellers. In last year’s study, two different companies ranked the highest in each category, but this year home buyers and sellers both rated RE/MAX the highest.

Remodeling Activity Slows Under Economic Uncertainty

WASHINGTON, D.C. - July 28, 2011 - (RealEstateRama) -- The remodeling market slipped under pressure from a sluggish economy according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI), which dipped during the second quarter to 43.9 from the first quarter result of 46.5. An RMI below 50 indicates that more remodelers report market activity is lower compared to the prior quarter than report it is higher.The overall RMI combines ratings of current remodeling activity with indicators of future activity, like calls for bids. Current market conditions for the second quarter of 2011 fell to 44.8 from 46.1 in the first quarter. Future market indications dropped to 43.0 from 46.8 in the previous quarter.

HGA to Design New West Valley Campus for College of the Desert

Los Angeles, CA - July 28, 2011 - (RealEstateRama) -- HGA Architects and Engineers (HGA) has been awarded the architectural contract for the College of the Desert’s new Palm Springs West Valley Campus, which sets new benchmarks for integrating sustainable design and high-performance building technologies into the academic curriculum. HGA is directing master planning, programming, design and sustainability of the multi-phase campus.

National Association of REALTORS® and National Housing Conference join to address workforce housing issues...

BOSTON, MA - July 27, 2011 - (RealEstateRama) -- The Boston area is bucking a national trend of falling home prices, meaning many metro residents cannot afford to live in the communities they serve. Solving this issue tops the agenda at a regional forum on Thursday, July 28, in Boston. The Bring Workers Home forum, sponsored by the National Housing Conference (NHC) and National Association of REALTORS®’ (NAR) brings together national, state, and local leaders to explore the issues and identify effective housing strategies.

Mayor Vincent C. Gray Announces Furniture Donation Program for Veterans and Families Transitioning To...

WASHINGTON, DC - July 27, 2011 - (RealEstateRama) -- Mayor Vincent C. Gray and D.C. Office of Veterans Affairs (OVA) Director Matt Cary today announced a furniture-donation program for homeless veterans and their families who live in the District.

Rosen Seymour Signs 44,851-SF Renewal at 757 Third Avenue in New York

NEW YORK, NY - July 27, 2011 - (RealEstateRama) -- Rosen Seymour Shapss Martin & Company LLP signed a 15-year renewal for 44,851 square feet at the Class A, 457,250-square-foot office building.

USDA RURAL DEVELOPMENT SEEKS APPLICATIONS TO IMPROVE RURAL HOUSING

ST. PAUL, MI - July 26, 2011 - (RealEstateRama) -- USDA Rural Development State Director Colleen Landkamer announced recently that applications are being accepted for grants to help low- and very-low-income rural residents repair their homes.

Thompson Announces funds awarded to The Housing Authority of the City of Jackson

BOLTON, MS - July 26, 2011 - (RealEstateRama) -- Today, United States Representative Bennie G. Thompson (D-MS) announced The United States Department of Housing and Urban Development has awarded the Housing and Urban Development- Veterans Affairs Suppo...

Hillsborough County Section 8 Transition To Tampa Housing Authority

July 26, 2011 - (RealEstateRama) — Hillsborough County Affordable Housing and the Tampa Housing Authority (THA) are considering a merger of their Section 8 programs - the housing assistance program for low-income families. Following are answers to some questions that are important in the decision.

Local Home Builders, NFL Players Team Together to Help Children in Crisis

WASHINGTON, D.C. - July 26, 2011 - (RealEstateRama) -- Former NFL football players are working side-by-side with local home builders and contractors this week to renovate a section of St. Ann's Infant & Maternity Home in Hyattsville, Md. The Home Builders Care Foundation (HBCF) of the Maryland-National Capital Building Industry Association (MNCBIA) is coordinating the community service project, which is converting an older, institutional-like section of the children's residential wing into a warm, comfortable living space."Every child and every family should have a safe, comfortable place that feels like home, whether it is temporary like here at St. Ann's, or a permanent home to call their own," said Calvin Snowden, president of the Washington, D.C. NFL Players' Association (NFLPA) former players' chapter. "It is incredibly rewarding to be able to give back to the Washington, D.C., community through a project like this."

New-Home Sales Remain Relatively Flat in Jun

WASHINGTON, D.C. - July 26, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 1 percent to a seasonally adjusted annual rate of 312,000 units in June, according to figures released today by the U.S. Commerce Department today."Today's report shows that new-home sales remain in a holding pattern at relatively low levels," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "This reflects what we are hearing from builders in the field, who continue to see uncertainty in the marketplace and are reacting accordingly by keeping inventories at a record low. With inventories at razor-thin margins, any uptick in demand will generate increased building activity in the months ahead."

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