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Workers in Sacramento’s retail, service and health care industry are just a few ...
The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled "Small Multifamily Rental Property Financing.”
Consumers Energy Works to Clear Trees from Power Lines, Allowing Homes, Businesses to Receive...
More than 700 workers are currently at work across Michigan clearing trees away from electric lines for Consumers Energy, part of the company’s commitment to delivering electricity safely and reliably.
Affordable Housing: Mayor Announces $500 Million to Accelerate Housing Construction
Mayor Edwin M. Lee today announced $500 million in new bonding authority to accelerate funding and construction for approximately 3,000 affordable housing units in the City’s major redevelopment sites: Mission Bay, Hunters Point Shipyard/Candlestick Point, and Transbay.
CHLA Lauds Senate Banking Provisions Affecting Community Mortgage Lenders
The Community Home Lenders Association (CHLA) today praised 3 provisions in the Financial Regulatory Improvement Act of 2015, a bill circulated last week by Senate Banking Committee Chairman Shelby, and scheduled for a committee vote later this week. CHLA comments in its capacity as the only national association exclusively representing non-bank mortgage lenders
Fannie Mae Prices $1.04 Billion Multifamily DUS REMIC (FNA 2015-M8) Under Its GeMS Program
Fannie Mae (FNMA/OTC) priced its fifth Multifamily DUS® REMIC in 2015 totaling $1.04 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 12, 2015.
MBA Announces New Suite of Member Benefits
The Mortgage Bankers Association (MBA) announced today new partnerships with Fannie Mae, Capital Markets Cooperative (CMC), and The Mortgage Collaborative (TMC) that will provide new benefits to MBA member companies
Prepared Remarks of David H. Stevens at MBA’s National Secondary Market Conference and Expo
Good morning! We have an exciting event with the biggest crowd in a decade. It's great to be back in New York City. The energy of this town is infectious. Great to have this conference here and let that energy contribute to a great event
HUD AWARDS $6 MILLION TO 29 PUBLIC HOUSING AGENCIES TO SUPPORT EMERGENCY, SAFETY AND...
In an effort to address emergency, safety and security needs, the U.S. Department of Housing and Urban Development today awarded $6 million to 29 public housing authorities to help fight crime and drug activities at their public housing properties.
Builder Confidence Falls Two Points in May
Builder confidence in the market for newly built, single-family homes in May dropped two points to a level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. It is a nine-point increase from the May 2014 reading of 45.
Realtors Help Make Home Possible for Vets, Say VA Officials
Officials from the U.S. Department of Veterans Affairs encouraged Realtors® to help debunk misconceptions regarding the VA Home Loan Guaranty Program yesterday at an agency briefing held during the REALTORS® Legislative Meetings & Trade Expo.
Realtors® Eagerly Await A-OK to Fly UAVs
There will be a time when Realtors® can legally fly an unmanned aerial system, or drone, around property listings to capture images for marketing purposes, but that time has not yet arrived, at least not completely. That’s according to Federal Aviation Administration officials who told Realtors® today during the When, Where and How can I Use My Drone session at the REALTORS® Legislative Meetings & Trade Expo
NAR Board Approves Nationwide Broker Data Entry System
The NAR Board of Directors at its 2015 meeting May 16 in Washington, D.C., approved a partnership between NAR and its wholly owned subsidiary Realtors Property Resource® and another company, UpStream RE, LLC, to create a data entry and collection system for the brokerage community using the RPR® advanced Multi-list platform (AMP™)
Senate Bill Would Eliminate Critical Post-Crisis Lending Rules
On May 12, Senator Richard Shelby unveiled a discussion draft of a bill that would, among other things, undermine key banking and mortgage reforms established by the landmark Wall Street Reform and Consumer Protection law.
Habitat for Humanity applauds Senator Richard Shelby’s inclusion of donated appraisals in proposed updates...
Among the Dodd-Frank regulatory requirements that the U.S. Senate Banking Committee plans to address through legislation unveiled earlier this week is a small clarification that will provide significant savings for the more than 1,400 Habitat for Humanity affiliates operating locally across the United States.
Walkable Urban Places are the Future of Real Estate Development
Realtors® from across the country gathered today to learn about the importance and benefits of walkable urban communities in real estate development during a panel organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies during the REALTORS® Legislative Meetings & Trade Expo.
GOODLATTE, HENSARLING, MARINO, AND DUFFY CONTINUE INQUIRY INTO MORTGAGE LENDING SETTLEMENTS
House Judiciary Committee Chairman Bob Goodlatte (R-Va.), Financial Services Committee Chairman Jeb Hensarling (R-Texas), Regulatory Reform, Commercial and Antitrust Law Subcommittee Chairman Tom Marino (R-Pa.), and Oversight and Investigations Subcommittee Chair Sean Duffy (R-Wis.) pressed Attorney General Lorretta Lynch for answers regarding controversial terms in certain Department of Justice (DOJ) mortgage lending settlements
USDA Seeks Applications to Expand Economic Development in Rural Communities
Agriculture Under Secretary Lisa Mensah today announced that USDA is seeking applications for grants to support rural community economic development.
NAMB Joins Other Mortgage Industry Leaders in Calling for Grace Period on TRID
The Association of Mortgage Professionals - joined other mortgage industry leaders this week in calling for a good faith grace period for compliance with the massive TILA-RESPA Integrated Disclosure requirements that are scheduled to go into effect August 1, 2015.
Realtor.com® Strengthens Ties to Realtors® with New Website Improvements
In a move to better position itself for the future and further align itself with Realtors®, Move, Inc., operator of realtor.com®, the official listing site of the National Association of Realtors®, this week introduced new site features to better connect Realtors® and consumers. The announcement, made at the 2015 REALTORS® Legislative Meetings & Trade Expo, comes at a time when realtor.com® is experiencing substantial year-over-year growth.
Help for Remodelers, Consumers from House Lead Paint Bill
Responding to ongoing concerns from the National Association of Home Builders (NAHB) and affiliated trade groups, bipartisan legislation to make much-needed improvements to the Environmental Protection Agency’s (EPA) Lead: Renovation, Repair and Painting (LRRP) rule was reintroduced in the U.S. House of Representatives yesterday. The bipartisan bill was introduced by Rep. Kevin Cramer (R-N.D.), along with eight original co-sponsors
