News

Washington, DC - June 22, 2011 - (RealEstateRama) -- The National Association of Realtors® is urging regulators to go back to the drawing board on the proposed Qualified Residential Mortgage rule.

Washington, D.C. - June 22, 2011 - (RealEstateRama) -- The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay $200 million to settle fraud charges related to subprime mortgage-backed securities. Two Morgan Keegan employees also agreed to pay penalties for their alleged misconduct, including one who is now barred from the securities industry.

NASHVILLE, TN - June 22, 2011 - (RealEstateRama) -- Mitigation experts from the Federal Emergency Management Agency are in a Knox County home improvement store this week to answer questions and offer home improvement tips and proven techniques to pr...

WASHINGTON, DC - June 22, 2011 - (RealEstateRama) -- Today, U.S. Housing and Urban Development Secretary Shaun Donovan announced that HUD will be investing an additional $67 million towards creating stronger, more sustainable communities that connect housing to jobs while fostering local innovation and building a clean energy economy through its Sustainable Communities Regional Planning Grant program.

PHILADELPHIA, PA - June 21, 2011 - (RealEstateRama) -- Gennaro Rauso, 47, of Trenton, NJ, was sentenced today to 160 months in prison for several mortgage fraud related charges, announced United States Attorney Zane David Memeger. Rauso owned and operated a real estate management company—D&B Property Investors—that purported to help financially distressed homeowners with their foreclosure problems

June 21, 2011 - (RealEstateRama) -- The Michigan Department of Human Services (DHS), Bureau of Children and Adult Licensing (BCAL), issued an order of summary suspension and notice of intent to revoke the license of a Newaygo County adult foster care small group home licensee, Carlee Nelson, #AM620009247, 2490 Twelve Street, White Cloud, Mich. This action resulted from recent investigations of complaints of the adult foster care small group home.

June 21, 2011 - (RealEstateRama) -- Montgomery County’s Department of Health and Human Services building at 1301 Piccard Drive in Rockville will be closed on Tuesday, June 21 because of a non-working air conditioning system. The Montgomery County Crisis Center, located on the first floor of the building, will remain open for telephone and walk-in crisis service.

ORLANDO, FL - June 21, 2011 - (RealEstateRama) -- Florida’s existing home and existing condo sales rose in May, according to the latest housing data released by Florida Realtors®. Existing home sales increased 3 percent last month with a total of 17,228 homes sold statewide compared to 16,790 homes sold in May 2010, according to Florida Realtors.

Washington, D.C. - June 21, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today announced that J.P. Morgan Securities LLC will pay $153.6 million to settle SEC charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet. Under the settlement, harmed investors will receive all of their money back

WICHITA, KS - June 21, 2011 - (RealEstateRama) -- The 2011 Kansas Housing Conference is pleased to offer up to 20 scholarships to attend this year's event in Wichita. Presented by Kansas Housing Resources Corporation, the Federal Reserve Bank of Kansas...

LOS ANGELES, CA - June 21, 2011 - (RealEstateRama) -- California pending home sales rose in May, posting the first year-over-year increase in 18 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

WASHINGTON, D.C. - June 21, 2011 - (RealEstateRama) -- Under a settlement with the Federal Trade Commission, a federal court banned three men and their company from the mortgage modification business and ordered them to pay nearly $19 million for consumer refunds. The defendants allegedly deceived distressed homeowners with phony claims that they would negotiate with lenders to modify their mortgages and make them more affordable

June 21, 2011 - (RealEstateRama) -- On Saturday, June 25, 10 a.m.to 4 p.m., Fairfax County will join with the Northern Virginia Affordable Housing Alliance (NVAHA), the counties of Arlington and Loudoun; the Cities of Alexandria and Falls Church; the Town of Herndon; Cardinal Bank, and George Mason Mortgage, to jointly host the Northern Virginia Housing Opportunities Expo, the area’s first annual regional affordable housing expo. The event will be held at T.C. Williams High School, 3330 King Street, Alexandria, VA 22301.

SUAMICO, WI - June 21, 2011 - (RealEstateRama) -- Brown County resident Kent Davis has been ordered to restore wetland areas on commercial property in the Village of Suamico, and to pay $50,000 in forfeitures, assessments, fees and costs for violating state wetland protection and storm water management laws for construction sites.

Washington, DC - June 21, 2011 - (RealEstateRama) -- Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of Realtors

Upper Marlboro, MD - June 21, 2011 - (RealEstateRama) -- Today, Amber Wood, NAHB Research Center manager of energy programs, will host a "HowTo" webinar on GreenExpo365.com at 1:00 p.m. Eastern (10:00 a.m. Pacific). During the one-hour "How To Identify and Resolve Reoccurring Issues in High Performing Homes" session, Wood will cover many of the lessons learned through the Research Center's extensive field experience with builders across the country and its role as a Building America team. The free session is eligible for AIA learning units and other continuing education credits.

Phoenix, AZ - June 20, 2011 - (RealEstateRama) -- Where will we be in five years regarding sustainability and the job market as they pertain to personal lifestyle, customer loyalty, and employee expectations?

Laredo, TX - June 20, 2011 - (RealEstateRama) -- Congressman Henry Cuellar (TX-28) announced today that the South Texas Council on Alcohol and Drug Abuse (STCADA) received federal funding from a Housing and Urban Development (HUD) grant in the amount of $893,614. In addition to the HUD grant, Webb County District Attorney Chilo Alaniz and Sheriff Martin Cuellar both contributed $48,667 each and Mr. Javier Santos, on behalf of the Fernando A. Salinas Trust, contributed $50,691 bringing the total amount of funding for the project to $1,041,639

WASHINGTON, DC - June 20, 2011 - (RealEstateRama) -- A former senior vice president and head of Colonial Bank’s Mortgage Warehouse Lending Division was sentenced today to eight years in prison for her role in a more than $2.9 billion fraud scheme that contributed to the failures of Colonial Bank and Taylor, Bean & Whitaker (TBW). Colonial Bank was one of the 25 largest banks in the United States and TBW was one of the largest privately-held mortgage lending companies in the United States in 2009.

BISMARCK, ND - June 20, 2011 - (RealEstateRama) -- The Industrial Commission of North Dakota has approved increases in the maximum income limits for the North Dakota Housing Finance Agency’s (NDHFA) FirstHome™ program. The homeownership program off...