Archives

WASHINGTON, D.C. - October 17, 2011 - (RealEstateRama) -- The Multi-State Mortgage Committee (MMC), a ten-state representative body created by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), has issued examiner guidelines as a tool for consistent implementation of the Federal Reserve Board’s final rules for closed-end credit under Regulation Z. The rule introduced loan originator compensation restrictions to protect consumers against the unfairness, deception, and abuse that can arise with certain loan origination compensation practices. The rule generally prohibits payments to loan originators based on loan terms and conditions, dual compensation to originators by consumers and any other person, and “steering” consumers to loans to receive greater compensation.

Washington, D.C. - October 17, 2011 - (RealEstateRama) -- Tim Zimmerman, president and CEO of Standard Bank, Monroeville, Pa., urged Congress today on behalf of the Independent Community Bankers of America (ICBA) to preserve the significant role of the Federal Home Loan Bank (FHLBank) system, which helps our nation’s more than 7,000 community banks continue to serve their communities by providing their local customers with a variety of loans including mortgage, small business and agricultural loans. Many of these local customers would be underserved if it were not for their local community bank.

MONMOUTH JUNCTION, N.J. - October 14, 2011 - (RealEstateRama) -- Active adult home buyers agree that one of the reasons the homes at The Pointe at Turnbury are such a good value is that the interior spaces are superbly appointed, with many luxury features that would be considered upgrades elsewhere included in the standard purchase price. But for those who do choose to customize their home, The Pointe at Turnbury offers a comprehensive menu of unique upgrades that many residents choose to take advantage of.

>Washington, D.C. - October 13, 2011 - (RealEstateRama) -- Today, Congresswoman Barbara Lee (D-Oakland) and Members of the California Democratic Congressional Delegation sent a letter to President Obama urging him to act immediately to address our coun...

Los Angeles, CA - October 13, 2011 - (RealEstateRama) -- Today Mayor Villaraigosa launched the LA Commercial Building Performance Partnership, an innovative, Recovery Act-funded program which will help owners of commercial properties make their buildings more energy and water efficient, while saving tenants money and stimulating the local economy. Through the LA Commercial Building Performance Partnership, building owners can access free energy assessments, as well as financing at competitive rates to cover up to 100 percent of the cost of their energy upgrades.

Washington, DC - October 13, 2011 - (RealEstateRama) -- As homeowners in San Diego and across the nation continue to tangle with banks, Congresswoman Susan Davis (D-San Diego) introduced legislation to give people another tool to avoid foreclosure and ...

DES MOINES - October 13, 2011 - (RealEstateRama) -- Governor Branstad and Lt. Governor Reynolds today announced that up to $3,500 in down payment assistance is now available to eligible home buyers who purchase their homes using the Iowa Finance Author...

Washington, DC - October 13, 2011 - (RealEstateRama) -- Owning a home has had long-standing government support in the U.S. because homeownership benefits individuals and families, strengthens communities, and is integral to the nation’s economy, the National Association of Realtors® said in testimony today.

ST. PETERSBURG, FL - October 13, 2011 - (RealEstateRama) -- A federal appellate court has ruled that a lawsuit challenging the constitutionality of a St. Petersburg trespassing ordinance may proceed. The opinion, issued by the 11th Circuit Court of Appeals in Catron et al. v. City of St. Petersburg, overturns a lower court's decision to dismiss a lawsuit brought by Southern Legal Counsel (SLC), Florida Institutional Legal Services (FILS), and the National Law Center on Homelessness & Poverty (the Law Center). The Plaintiffs assert that the ordinance violates their rights to freedom of movement and procedural due process

IRVINE, CA - October 13, 2011 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for the third quarter of 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions— were reported on 610,337 properties in the third quarter, an increase of less than 1 percent from the previous quarter and a decrease of 34 percent from the third quarter of 2010. The report shows one in every 213 U.S. housing units with a foreclosure filing during the quarter.

WASHINGTON, DC - October 13, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced it is immediately suspending Michael Primeau, former President of Lend America, from doing any business with HUD following his admission that he engaged in a wide-scale mortgage fraud scheme. Specifically, Primeau pled guilty to charges he directed employees of Lend America, a former FHA-approved lender, to divert mortgage funds intended to pay off borrowers’ first mortgages at refinance closings in order to pay company operating expenses.

TORONTO - October 12, 2011 - (RealEstateRama) -- The U.S. Green Building Council’s (USGBC) annual Greenbuild International Conference & Expo concluded last Friday with a closing plenary session featuring Canadian Minister Lisa Raitt, Minister of Labour; First polar explorer to lead a team to both North and South poles, Robert Swan; Principal at John Picard & Associates and natural systems expert, John Picard; Australian artist/technologist and Director of NYU’s xdesign Environmental Health Clinic, Natalie Jeremijenko, and other international thought leaders. Mayor Michael Bloomberg’s New York City office was presented with the 2011 Leadership Award, commemorating the Mayor’s extensive sustainability efforts throughout the city.

LITTLE ROCK, AR - October 12, 2011 - (RealEstateRama) -- This year under Act 175 of House Bill 1255, Arkansas’s statewide personal property tax deadline was changed to October 15 of each year. Since the new deadline falls on a Saturday this year, the...

WASHINGTON, DC - October 12, 2011 - (RealEstateRama) -- As part of its drive to end homelessness among Veterans by 2015, the Department of Veterans Affairs is launching a nation-wide outreach initiative, “Make the Call,” to spread the message about its special programs to help homeless Veterans and their families to 28 communities across the nation in October.

WASHINGTON, DC - October 12, 2011 - (RealEstateRama) -- The American Bankers Association testified today on the importance of a vibrant Federal Home Loan Bank System, whose institutions are critical for allowing community banks to meet the needs of their communities in all economic cycles.

WASHINGTON, DC - October 12, 2011 - (RealEstateRama) -- This afternoon, Congressman Mike Michaud, Ranking Member of the House Veterans’ Affairs Subcommittee on Health, spoke on the House floor in support of H.R. 2074, legislation that contains the te...

MINNEAPOLIS, MN - October 12, 2011 - (RealEstateRama) -- To date in 2011, more than a dozen people have been charged federally with mortgage fraud and related crimes in the District of Minnesota. These complex cases are the result of lengthy investigat...

FRANKFORT, KY - October 12, 2011 - (RealEstateRama) -- The State Property and Buildings Commission (SPBC) will hold a meeting on Thursday, Oct. 13, 2011 at 2 p.m. in Room 182 of the Capitol Annex, Frankfort, Kentucky

TUCSON, AZ - October 17, 2011 - (RealEstateRama) -- The office of U.S. Rep. Gabrielle Giffords is holding a workshop today to provide information to homeowners and business owners who are considering solar energy for their properties.

WASHINGTON, D.C. - October 12, 2011 - (RealEstateRama) -- Mortgage applications increased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2011.