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PHFA exceeds EHLP foreclosure prevention allocation and receives additional funding to help all homeowners...
HARRISBURG, PA - October 18, 2011 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency today announced that it exceeded its $105 million allocation from the federal government through the Emergency Homeowners’ Loan Program by approximately $...
Bill gives surviving spouses of fully disabled veterans access to VA loans
Washington, DC - October 18, 2011 - (RealEstateRama) -- Congresswoman Virginia Foxx’s (NC-05) bipartisan legislation that fixes a flaw in the VA home loan system passed the House last night as part of H.R. 2433, the Veterans Opportunity to Work Act. ...
Home Builder Confidence Rises Four Points in October
WASHINGTON, D.C. - October 18, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes rose four points to 18 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, which was released today. This is the largest one-month gain the index has seen since the home buyer tax credit program helped spur the market in April of 2010.
Sanders to CFTC: Get Serious About Oil Speculators: Regulators Must Check Skyrocketing Home Heating...
WASHINGTON, DC - October 17, 2011 - (RealEstateRama) -- Sen. Bernie Sanders (I-Vt.) said the Commodity Futures Trading Commission should adopt a rule with real teeth to limit oil speculators, not a watered-down measure set for a vote on Tuesday.
Federal Grand Jury Returns Indictment Charging Utah County Couple in Alleged Mortgage Fraud Scheme
SALT LAKE CITY, UT - October 17, 2011 - (RealEstateRama) -- A federal grand jury returned an eight-count indictment Wednesday afternoon charging Portia R. Louder, age 40, and Chad Louder, age 41, both of Highland, with criminal violations of federal la...
NJAR® Reports Show Tax Caps and Consolidation Can Help Ease Property Tax Burden
Edison, N.J. - October 17, 2011 - (RealEstateRama) -- The New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF) today released a group of three reports on methods of controlling property taxes in New Jersey. The first two...
Governor Christie Taking Action To Deliver Real Property Tax Reform To New Jersey Families
Trenton, NJ - October 17, 2011 - (RealEstateRama) -- Courier-Post: “Christie projected local governments will save $337 million in pension and health care costs in 2012 as a result of bipartisan reforms he championed.” (Carol Comegno, “Christie V...
Governor Chris Christie’s Bipartisan Pension Reforms Provide $557,557 in Property Tax Relief for Mount...
Trenton, NJ - October 17, 2011 - (RealEstateRama) -- Governor Chris Christie today visited the home of Gary and Linda Cogan, 26-year residents of Mount Laurel, for his second consecutive day of conversations with property taxpayers to discuss the criti...
South Carolina REALTORS® Release September Market Numbers
COLUMBIA, S.C. - October 17, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its September 2011 statewide market reports. Like the weather, all real estate is local. As we embark on the fourth and final quarter of 2011, let's ...
Fifth Guilty Plea in Connection with Scheme to Fraudulently Control Condominium Homeowners’ Associations
WASHINGTON, DC - October 17, 2011 - (RealEstateRama) -- A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs would direct bus...
Rep. Wasserman Schultz Statement on H.R. 358 the Protect Life Act
WASHINGTON, DC - October 17, 2011 - (RealEstateRama) -- Rep. Debbie Wasserman Schultz (FL-20) made the following statement about H.R. 358, the Protect Life Act. “When I talk with women in my district, they are concerned about finding a job, keeping ...
Parks Department Receives Preservation Awards
October 17, 2011 - (RealEstateRama) -- Two preservation projects on property overseen by the Boston Parks and Recreation Department were recognized with 2011 Preservation Achievement Awards at the annual awards ceremony hosted by the Boston Preservatio...
Burnsville Man Sentenced for Bilking Mortgage Lenders Out of More Than $43 Million
MINNEAPOLIS, MN - October 17, 2011 - (RealEstateRama) -- Earlier today in federal court in St. Paul, a 45-year-old Burnsville man was sentenced for conspiring with others to bilk mortgage lenders out of more than $43 million. United States District Cou...
MBA Announces New Members and Leadership of Residential Board of Governors (RESBOG) and Residential...
Chicago, IL - October 17, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced Garry Cipponeri, Senior Vice President of Chase in Iselin, NJ, as Chairman of its Residential Board of Governors (RESBOG) and, David Motley, CMB, President of Colonial National Mortgage in Fort Worth, TX as Vice Chair of RESBOG at the MBA's 98th Annual Convention & Expo.
State Mortgage Regulators Release Mortgage Loan Originator Compensation Guidelines
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.
ICBA: Federal Home Loan Bank System Must Be Preserved
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.
A FULL MENU OF UPGRADES IS AVAILABLE AT THE POINTE AT TURNBURY
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.
Barbara Lee, California Democratic Congressional Delegation Call on President Obama to Act on Housing
>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...
Mayor Villaraigosa, The Clinton Climate Initiative and C40 Announce First-of-its-Kind-Program in the Country to...
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.
Congresswoman Susan Davis Introduces Bill to Help Homeowners Avoid Foreclosure
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 ...