Archives

WASHINGTON, D.C. - December 2, 2010 - (RealEstateRama) -- Chairman Conyers, Ranking Member Smith, and Members of the Committee, thank you for the opportunity to testify today regarding issues surrounding mortgage servicing. This testimony will cover two key areas: first, the steps we are taking to ensure that servicers participating in the Making Home Affordable (MHA) program are adhering to program guidelines in light of the recent foreclosure issues, and second, the accomplishments of MHA to date and its impact on mortgage servicing.

Washington, DC - December 2, 2010 - (RealEstateRama) -- Pending home sales jumped in October, showing a positive uptrend since bottoming in June, according to the National Association of REALTORS

WASHINGTON, DC - December 2, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced today that homelessness for 750,000 Americans was prevented or ended, thanks to HUD’s Homelessness Prevention and Rapid Re-housing Program (HPRP), funded through the American Recovery and Reinvestment Act of 2009. The program provided $1.5 billion to local communities to keep families in their homes or help them find other affordable housing after a sudden financial crisis, which might have otherwise led to homelessness.

WASHINGTON, DC - December 2, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that $25 million in grants is available to help rural and tribal communities struggling to address distressed housing conditions and concentrated poverty. In a speech to the Housing Assistance Council in Washington, HUD Secretary Shaun Donovan said HUD’s new

Washington, DC - December 1, 2010 - (RealEstateRama) -- Delinquency rates for different commercial/multifamily mortgage investor groups were mixed in the third quarter, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. The delinquency rate for loans held in CMBS is the highest since the series began in 1997. Delinquency rates for other groups remain below levels seen in the early 1990's, some by large margins.

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- ” The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Thanksgiving holiday. On an unadjusted basis, the Index decreased 34.2 percent compared with the previous week

McLean, VA - December 1, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties that had Freddie Mac mortgages to be suspended from December 20, 2010 to January 3, 2011.

McLean, VA - December 1, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 0.625% $4 billion two-year USD Reference Notes® security due on December 28, 2012. The issue, CUSIP number 3137EACQ0, was priced at 99.866 to yield 0.69%, or 17 basis points more than two-year U.S. Treasury Notes. The issue will settle on Thursday, December 2, 2010.

TOPEKA, KS - December 1, 2010 - (RealEstateRama) -- The Kansas Point-in-Time Count Partnership is seeking volunteers for the 2011 count of persons experiencing homelessness in Kansas. The U.S. Department of Housing and Urban Development (HUD) awards grants to communities and local organizations that participate in homeless assistance planning programs, or what's referred to as a Continuum of Care (CoC) network. HUD requires Point-in-Time counts every two years for all networks wishing to maintain and use federal funding. In Kansas, five CoC networks will conduct the statewide coordinated count on Wednesday, January 26, 2011

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich., issued the following statement in response to the final plan unveiled today by the National Commission on Fiscal Responsibility and Reform.

Washington, DC - December 1, 2010 - (RealEstateRama) -- The three co-creators of Foreclosure-Response.org – Local Initiatives Support Corporation (LISC), the Urban Institute, and the Center for Housing Policy – have compiled and released new data on seriously delinquent mortgages for all 366 U.S. metro areas. “Seriously delinquent” mortgages are those that are delinquent 90 days or more or are in the foreclosure process. Homeowners experiencing serious delinquency are at substantial risk of losing their homes.

Washington, DC - December 1, 2010 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Ron Phipps. “As the leading advocate for housing and home ownership issues, NAR firmly believes that the mortgage interest deduction (MID) is vital to the stability of the American housing market and economy.

TOPEKA, KS - November 30, 2010 - (RealEstateRama) -- Kansas has reached a major milestone under the American Recovery and Reinvestment Act of 2009 (ARRA) - completing weatherization work for more than 50 percent of the homes the state planned to weatherize. As of November 24th, weatherization providers completed more than 3,000 homes with Recovery Act funding.

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it auctioned a $1 billion reopening of its 0.875% three-year USD Reference Notes® security that matures on October 28, 2013. The stop yield for the issue, CUSIP 3137EACL1, was 0.869%, priced at 100.016468, or approximately 16.3 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 2.915 to 1.

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced today the results of its third quarter Conventional Mortgage Home Price Index (CMHPI).

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3137EACQ0, due on December 28, 2012. The issue will be priced on Wednesday, December 1, 2010, and will settle on Thursday, December 2, 2010, at benchmark size.

Washington, DC - November 30, 2010 - (RealEstateRama) -- The DC Department of Insurance, Securities and Banking (DISB) recently issued a bulletin* to inform licensed residential mortgage lenders and mortgage borrowers of the enactment of a new emergency law requiring mortgage lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.

Washington, DC - November 29, 2010 - (RealEstateRama) -- Commercial real estate markets are flattening out, with modestly improving fundamentals expected in 2011, according to the National Association of Realtors

DENVER, CO - November 26, 2010 - (RealEstateRama) -- Kentwood Real Estate, Colorado’s Premier Real Estate Company, has acquired the DenverHomes.com Internet domain name in a strategic move that will advance the company’s already leading website presence. The acquisition of DenverHomes.com for real estate searches online will further position Kentwood Real Estate as the best local Internet brand.

Washington, D.C. - November 26, 2010 - (RealEstateRama) -- The average incremental cost of constructing a new home to meet the current energy efficiency building code – the 2009 International Energy Conservation Code (IECC) – comes to a mere $818.72, according to a recent study by the Building Codes Assistance Project (BCAP), a nonprofit advocacy organization that supports code adoption and implementation