WASHINGTON, D.C. - March 7, 2011 - (RealEstateRama) -- As part of the Federal Trade Commission’s continuing crackdown on scams that target homeowners behind in their mortgage payments or facing foreclosure, the FTC has charged a national operation with marketing bogus loan modification services. The FTC seeks to stop the illegal practices and make the defendants pay refunds to consumers
Washington, D.C. - March 4, 2011 - (RealEstateRama) -- A group of 18 U.S. Senators, led by Jeff Merkley (D-OR) and Olympia Snowe (R-ME), urged government agencies to take action to prevent foreclosures and help families keep their homes.The senators made their request in a letter sent to Treasury Secretary Timothy Geithner, Secretary of the Department of Housing and Urban Development Shaun Donovan, Federal Reserve Chairman Ben Bernanke
Alexandria, VA - March 4, 2011 - (RealEstateRama) -- An analysis in the March issue of the ABI Journal found that several bankruptcy courts are dealing with the foreclosure crisis through the adoption of loss-mitigation programs (LMPs). As Congress examines a possible repeal of the Home Affordable Modification Program (HAMP) due to ineffectiveness in modifying mortgages, John Rao of the National Consumer Law Center Inc. in Boston writes that several bankruptcy courts have provided a useful solution through the adoption of LMPs.
WASHINGTON, DC - March 4, 2011 - (RealEstateRama) -- In conjunction with National Consumer Protection Week (NCPW), March 6-12, NeighborWorks America, The Lawyers Committee for Civil Rights Under Law, HOPE Now, Fannie Mae, Freddie Mac and a coalition of national government agencies, nonprofit organizations and financial institutions are empowering homeowners to combat loan modification scams.
IDX Broker brings advanced property search to real estate website in historic Natchitoches, Louisiana
EUGENE, OR - March 4, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Janice Bolton of Bolton Realty to the growing network of agents and brokers that have adopted an IDX solution for their professional real estate search pages. As a member of the Natchitoches MLS (NMLS), Bolton has long had access to the detailed property listings NMLS supplies to real estate professionals. Now, potential buyers can experience the same level of accessibility to the NMLS database by utilizing the IDX-enabled search tools Bolton hosts online.
BLUE BELL, PA - March 4, 2011 - (RealEstateRama) -- With minimum bids starting at just $75,000, 36 two- and three-bedroom condominiums in Blue Bell, Pa., that had previously been on the market for as much as $301,400 are set to go on the auction block in April.
NEW YORK, NY - March 4, 2011 - (RealEstateRama) -- The U.S. Department of Labor has taken legal action to seek debarment of Lettire Construction Corp., a New York City general contractor, and Nicholas Lettire, president of the company, from working on future federally funded contracts for a period of three years.
FHLBank San Francisco Hosts Foreclosure Prevention Workshop for Distressed Homeowners in Orange County
Ladera Ranch, CA - March 3, 2011 - (RealEstateRama) -- More than 300 homeowners attended a Foreclosure Prevention Workshop hosted by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and the Orange County Home Ownership Preservation Collaborative. Rep. Ken Calvert (CA-44) was a special guest at the event, which was held Saturday, February 26, 2011.
WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) urges members of the House of Representatives to show their support for homeownership and the mortgage interest deduction by co-sponsoring H. Res. 25."This resolution acknowledges the importance of homeownership to individual households, the economy and the nation," said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. The resolution also states that the mortgage interest deduction "may well be the most important component of housing-related tax policy in America today" and should not be further restricted, he said
Los Angeles, , CA - March 3, 2011 - (RealEstateRama) -- CB Richard Ellis Group Inc. (NYSE:CBG) today announced that CB Richard Ellis has been named the premier global brand in commercial real estate, according to a survey of industry professionals worldwide by The Lipsey Company. CB Richard Ellis has been voted the industry’s top brand for ten consecutive years, ever since Lipsey inaugurated its survey in 2002.
MBA: Commercial and Multifamily Mortgage Delinquency Rates Remain Low for Life Companies, Fannie and...
WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- During the fourth quarter of 2010, commercial and multifamily mortgage delinquency rates remained low for life insurance companies, Fannie Mae and Freddie Mac; fell for banks and thrifts for the first time since the 2006 and rose slightly for loans held in commercial mortgage backed securities (CMBS), according to the Mortgage Bankers Associationâ€™s (MBA) Commercial/Multifamily Delinquency Report.
Fannie Mae and Freddie Mac Foreclosure Prevention Actions Double from 2009; HARP Refinancings Increase
Washington, DC - March 3, 2011 - (RealEstateRama) -- The total number of Fannie Mae and Freddie Mac completed foreclosure prevention actions in 2010 more than doubled from one year earlier, according to the FHFA’s Fourth Quarter 2010 Foreclosure Prevention & Refinance Report. Although loan modifications declined for the second consecutive quarter, refinancings through the Home
McLean, VA - March 3, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®), which shows a drop in long-term fixed rates for the third consecutive week.
WASHINGTON, DC - March 3, 2011 - (RealEstateRama) -- The Multifamily Information and Transactions Standards (MITS) initiative, the apartment industry’s coordinated effort to create data standards so different software programs can “talk to each other,” has released a new "Renters’ Insurance 4.0" standard.
March 2, 2011 - (RealEstateRama) -- Even as 50,000 new foreclosures start every week, the House Financial Services Committee votes tomorrow on four bills to dismantle programs aimed at helping homeowners. Industry figures show that more households than ever are in some stage of foreclosure, with over five million mortgage holders now at risk of losing their homes. Avoiding unnecessary foreclosures and encouraging loan modifications will be key to economic recovery, as the nation is sorely missing the jobs and growth provided by a healthy housing market.
SIOUX CITY, IA - March 2, 2011 - (RealEstateRama) -- MyPad Down Payment Assistance Program was created to overcome the greatest barrier to homeownership, down payment. MyPad provides an opportunity for qualified low to moderate income individuals and families to purchase affordable homes by receiving money from the Home Investment Partnership for down payment on a home. Homebuyers will never have to repay the gift from MyPad as long as the home purchased remains owner occupied throughout the 5 year period of the deferred payment loan
WASHINGTON, D.C. - March 2, 2011 - (RealEstateRama) -- Mortgage applications decreased 6.5 percent from one week earlier, according to data from the Mortgage Bankers Associationâ€™s Weekly Mortgage Applications Survey for the week ending February 25, 2011. The results do not include an adjustment for the Presidentsâ€™ Day holiday
Sen. Carper Encouraged by Administration Initiative to Reduce Inventory of Federal Property; Plans to...
WASHINGTON, DC - March 2, 2011 - (RealEstateRama) -- Today, Sen. Tom Carper (D-Del.), Chairman of the Subcommittee on Federal Financial Management, applauded the Obama Administration's announcement to streamline the portfolio and reduce the management cost of federal property. Sen. Carper plans to introduce legislation in the coming weeks to help achieve the cost savings goals set forth by the President in his budget proposal and in executive orders.
WASHINGTON, DC - March 2, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the February edition of the Obama Administration's Housing Scorecard. The latest housing figures show increased existing home sales as home affordability remains high, but officials caution that the market remains fragile, as prices are unsettled.
Washington, DC - March 2, 2011 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) today released its 2010 list of top 10 states for LEED-certified commercial and institutional green buildings per capita, based on the U.S. 2010 Census information. The District of Columbia leads the nation, with 25 square feet of LEED-certified space per person in 2010, with Nevada being the leading state, with 10.92 square feet per person in 2010.
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.
Federal Housing Administration Announces Guidance for Insuring Single Family Home Mortgages in Forbearance
The Federal Housing Administration (FHA) announced a new, temporary policy that provides guidance for lenders to obtain FHA insurance endorsements on mortgages where the borrower
PASSAGE OF PAYCHECK PROTECTION PROGRAM IMPROVEMENTS WILL SAVE MANY CONSTRUCTION JOBS AND PROTECT CONSTRUCTION...
With Needed Improvements to the Vital Survival Program Complete, Construction Official Urges Congress and the President
There's no reason to be blue if you only have a weekend available in Palm Coast, FL. The city has a lot to offer, yes, and it might be difficult to choose just a few places to visit in the timeframe of a weekend, but with a bit of planning and a car at your disposal
Glancing at a modern city skyline, it's apparent many if not most of the buildings are less than half a century old. Upon closer inspection, older buildings can be seen as well. In a city like New York, the old mixes with the new in dramatic fashion; the 90-year-old Empire State Building dominates the sky alongside five-year-old 432 Park Avenue.
With the 2020 election cycle in its sites and while in the midst of a global pandemic, NAREB fully realizes and understands the importance of maintaining collaboration and conversation with every level of Government at this critical point in time by hosting the NAREB 2020 Spring Policy Web Conference on May 20 – May 22, 2020.
Advocates Condemn Rent-a-Bank Rule that Encourages Predatory High-Cost Loans; Call on Congress to Pass...
Consumer advocates slammed the Office of the Comptroller of the Currency (OCC) for its final rule issued today that encourages online non-bank lenders to launder their loans through banks so they can offer high-cost triple-digit loans in states where such loans are illegal.
Justice, solar and community advocates joined Senator Troy Singleton in introducing the NJ Clean Energy Equity Act, S. 2484, to help low-income New Jersey families benefit from solar, storage and energy efficiency. The bill is the first step in implementing the New Jersey Equitable and Resilient Solar + Storage Policy Roadmap
The National Fair Housing Alliance (NFHA) yesterday sued eight companies that operate 16 assisted living facilities in the Salt Lake City, Albuquerque, and Santa Fe metro areas. The lawsuit alleges the companies discriminated against prospective elderly residents who have been deaf since
NEW ANALYSIS FINDS COMPOSITE PLANS WOULD HAVE FARED BETTER DURING THE CORONAVIRUS THAN TRADITIONAL...
A new study released today finds that composite retirement plans would have fared better during the coronavirus pandemic and related market declines than traditional defined-benefit multi-employer plans, allowing participants to receive higher benefits
The United States Internal Revenue Code is a portion of the federal statutory tax laws which is published in different volumes of the United States Statutes at Large. It is separated as Title 26 of the code and it covers taxes, its procedures, and administration.
New Federal Investments in Transportation, Other Types of Infrastructure Will Help Offset Expected Declines in State and Local Funding as State Budgets Suffer Impacts of Coronavirus
In recent years, short-term rental companies have taken over heavily touristed cities like San Francisco, Tokyo, and Vienna—as well as here in Toronto. But with the outbreak of COVID-19, the popularity of home-sharing platforms like Airbnb
Most real estate projects consume a lot of time, money, and energy. And that is if you have the experience to embark on the journey all by yourself. However, if you are new to this, it would be unreasonable to approach any real estate project without the necessary knowledge
Real estate has, for a long time, been a safe way of investing. However, recessions and unforeseen disasters like the COVID-19 pandemic always test that statement.
Property valuation is an essential concept of real estate investing. If you are an investor, knowing the value of any property helps you make a sound decision on how much to charge on rent and how much should go into property taxes.
Brisbane has been in the eyes of many savvy investors as the next big city to dominate the property market in Australia. It's a beautiful city with an accelerating growth rate and has one of the most popular tourist attractions in the whole country.
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today outlined policies to preserve and expand affordable housing that he will push to include in the next COVID-19 relief bill.
Homeowners who decide to undergo a home improvement project, whether it be interior or exterior modifications, often find that the task was worth the investment and time, according to a new report from the National Association of Realtors®, with insights from the National Association of the Remodeling Industry.
n a sign that the housing market is stabilizing in the wake of the COVID-19 pandemic, sales of newly built, single-family homes rose 0.6 percent to a seasonally adjusted annual rate of 623,000 units in April
The New York State Division of Consumer Protection (DCP) is alerting consumers about the dangers of television (TV) tip-over hazards. Millions of New Yorkers will watch the Super Bowl this Sunday either on TVs at home or at parties with friends. DCP is taking this TV-focused occasion to remind consumers of critical TV safety tips.
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a brand-new, single-tenant Starbucks
A Houston-area mom is sharing her Hurricane Harvey recovery story this holiday season, along with the importance of always being prepared for flood events.
Fast-growing Florida has been a favorite of real estate investors for many years. With so much interest having been focused on the state, though, investors need to take care to seek the best available opportunities.
Office of General Services Commissioner RoAnn Destito today announced that the Senator Walter J. Mahoney State Office Building located at 65 Court Street in Buffalo will be sold at auction in 2020. A work group formed earlier this year made up of City, County, and State officials working with professional real estate consultants CBRE, determined that in the current competitive and robust Buffalo real estate market
The National Association of Realtors® (NAR) recently identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are
Eviction is a dirty word for both tenants and the landlords that believe the time has come to remove one or more parties from an apartment. The process anywhere can lead to a strained relationship at best and a bitter acrimonious fight that ends up in the judicial system.
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Katy, Houston and Spring from Monday, Dec. 9, to Saturday
Associated Builders and Contractors released its 2019 Merit Shop Scorecard today, an annual ranking based on state policies and programs that encourage workforce development, career and technical education
Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...
New Destiny was joined by supporters and colleagues to celebrate the opening of its newly constructed service-enriched affordable housing project - The Jennings - located in the Crotona Park East
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out
The Bureau of Land Management today announced that Karen Mouritsen has been named the new California State Director—a key leadership position based in Sacramento. As State Director, Mouritsen will direct a team that manages lands encompassing 15% of the Golden State’s total land mass
California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns
Today, a federal jury found an Oakland-area real estate developer guilty for funneling tens of thousands of dollars through straw donors into two consecutive congressional campaigns
The New York State Office of Alcoholism and Substance Abuse Services (OASAS) today announced the opening of the new JLC Recovery and Wellness Center in New York City. JLC is operated by Exponents Inc. and provides free help and support services for people affected by addiction and for their families.
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers
WASHINGTON – U.S. Secretary of the Interior David Bernhardt inspected a key piece of national water infrastructure at Morrow Point Dam, located on the Gunnison...
South Carolina REALTOR® (SCR) member, past president and Realtor® at Coldwell Banker Residential Brokerage in Columbia, was named the association’s 2019 REALTOR® of the Year at its annual conference at the Francis Marion Hotel in Charleston on September 11, 2019.
Mississippi households in eight counties impacted by the storms, straight-line winds, tornadoes and flooding beginning on February 22 and continuing to March 29, 2019 are eligible to apply for federal disaster assistance to help
Last week CREW Miami (Commercial Real Estate Women) held its September lunch program, The Wizards of OZ hosting a panel of experts who discussed and answered questions about recent Opportunity Zone transactions
Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Water-loving outdoor recreationists and local communities in 27 states will have additional resources to help boaters keep America’s waters clean, thanks to more than $17 million in Clean Vessel Act program grants from the U.S. Fish and Wildlife Service.
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
OJO Labs, a leading-edge technology company on a mission to empower consumer decision-making through its conversational AI assistant, OJO, won the highly coveted 2019 A-List Award among mid-sized companies from the Austin Chamber of Commerce in partnership with SXSW
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...
The Rockefeller Foundation today announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax Cuts and Jobs Act. This effort will help ensure new investment delivers sustainable benefits for more than 30 million low-income Americans living in Opportunity Zones
Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...
Pauline Weaver Senior Apartments is located in the Warms Springs area of Alameda County and features 90 apartment homes for very low and extremely low-income seniors, near I-880 freeway, BART, shopping, services and other amenities.
The U.S. Department of Veterans Affairs (VA) announced May 13 that Veterans who qualify for a VA Home Loan funding fee waiver are now being notified in their home loan eligibility certificate and disability compensation award letter.
The nation's third-largest Multiple Listing Service, My Florida Regional MLS, will become Stellar MLS on June 4, 2019, in a move that totally reimagines the MLS. Currently serving 58,000 customers
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department's inaugural "Innovative Housing Showcase." The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019
Yesterday, U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, asked the Department of the Interior about its commitment to the Yakima River Basin during a hearing on the president’s FY 2017 budget request. Deputy Secretary of the Interior Michael Connor agreed with Sen. Cantwell that the Yakima River Basin plan “is a model for the rest of the nation in water management.”
“Consumers Energy is thankful to be a part of holiday celebrations across the state as warm Thanksgiving memories are being made, and we are committed to providing many more generations of Michigan families with reliable, affordable energy in all seasons,” said Garrick Rochow, Consumers Energy’s vice president and chief customer officer
Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound
Atlanta, Georgia - November 13, 2013 - (RealEstateRama) -- the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Equity Loans, LLC, License Number 23300, located at 1150 Hammond Dr., Building E, Suite 650, Atlanta, Georgia 30328, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act