Washington, DC - December 3, 2007 - Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) applauded a proposal unveiled today by Treasury Secretary Henry Paulson to expand tax-exempt qualified mortgage bond programs to refinance existing loans. Under current law, these tax exempt bond programs can only be used to support purchase loans.
Americas Watchdog along with its Homeowner Consumer Center have just come up with a free and easy to understand guide, designed to help every homeowner with the mortgage process
Now that Alex Rodriguez has agreed to a new $275 million contract with the New York Yankees, the word in Manhattan real estate circles is that a $39 million East 80th Street townhouse may be in his future.
WASHINGTON - December 3, 2007 - In response to the Bush Administration's plan to help families avoid foreclosure, tens of thousands of homeowners are refinancing their exotic subprime loans with HUD's new government-backed mortgage product. HUD Secretary Alphonso Jackson today announced that more than 33,000 borrowers have already refinanced their subprime home loans with FHASecure, a government-insured foreclosure avoidance initiative created in September.
WASHINGTON, December 03, 2007 - Many buyers judge a house by its exterior, or so it seems from the results of the 2007 Remodeling Cost vs. Value Report. Three of the four projects with the highest national percentage of costs recouped this year were exterior upgrades.
Washington, DC - Senator Hillary Rodham Clinton today sent the following letter to Treasury Secretary Henry Paulson calling for needed steps to end the foreclosure crisis.
Washington, DC- December 3, 2007 -Thank you, John. The Office of Thrift Supervision plays an important role in our financial system, and I appreciate your leadership at this agency. Thanks, also, for hosting this second national housing forum and providing a timely opportunity for me to give an update on the U.S. economy and mortgage markets. I mention timeliness because housing issues are affecting citizens all across the country, and because Congress returns to Washington today. In the final days of this congressional session, there is much that Congress can do to help America's homeowners
The Community Development Block Grant (CDBG) program is a flexible program that provides communities with resources to address a wide range of unique community development needs. Beginning in 1974, the CDBG program is one of the longest continuously run programs at HUD. The CDBG program provides annual grants on a formula basis to 1180 general units of local government and States.
If you’ve got a Web site, you’ve likely spent time and money trying to drive more traffic to your site. Maybe you’ve tried different strategies for search engine optimization, which typically focus on clever use of keywords to increase the chances your site will place high in search results.
On November 26, 2007, Global Property Showcase (GPS) will kick off a new exposition dedicated to bridging the gap between worldwide developers and consumers looking to purchase quality and amenity-rich real estate. This multi-city program will educate investors, 2nd-home buyers and property seekers to the various locales being represented with each global project, and of course, showcase each development in depth. Significant discounts will be given to those in attendance. The showcase is designed to engage (an expected 1,000 attendees in total) and provide guests with valuable insights and opportunities that serve to enhance their property portfolios.
The House of Representatives on Thursday approved a bill that would help protect insurance markets in disaster-prone states from suffering devastating losses in the event of a catastrophic natural disaster.
Using the multi-level marketing techniques made popular by Amway, Nouveau Riche University is selling real estate investment classes and a host of related products and services to would-be tycoons.
WASHINGTON, DC — With Countrywide Financial Corp. increasingly turning to the Federal Home Loan Bank (FHLB) system for cash advances to stay afloat as other liquidity sources shun the company, U.S. Senator Charles E. Schumer (D-NY) urged the overseer of the federally-supported bank network to probe the underlying risk of Countrywide’s collateral and to issue new, system-wide regulations to reduce the banks’ exposure to risky or predatory loans.
Washington, DC, November 29, 2007 – For the first time in nearly thirteen years, U.S. home prices experienced a quarterly decline. The OFHEO House Price Index (HPI), which is based on data from sales and refinance transactions, was 0.4 percent lower in the third quarter than in the second quarter of 2007.
Detroit, MI – The U.S. Conference of Mayors unveiled today an economic impact report on the foreclosure crisis that forecasts sharp losses in the growth of gross domestic product and projects economic output losses for 361 metro areas -- referred to as gross metropolitan product (GMP).
WASHINGTON, D.C., November 28, 2007 The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 23, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 652.5, a decrease of 4.3 percent on a seasonally and holiday adjusted basis from 681.7 one week earlier. On an unadjusted basis, the Index decreased 25.5 percent compared with the previous week reflecting the Thanksgiving holiday on November 22 and was up 24.6 percent compared with the same week one year earlier.
WASHINGTON, November 28, 2007 - Single-family existing-home sales were stable in October while the condo sector was down, according to the National Association of Realtors®. Lingering effects of the credit crunch were a drag on sales but the mortgage situation has improved significantly
Miami Beach, FL (PRWEB) November 26, 2007 -- Eighty percent of people across the country who bought a new home last year used the Internet while house hunting, and they rated photographs as the most useful tool in their search, according to a survey of buyers and sellers by the National Association of Realtors. Since property photos are meant to be a sales tool, Fizber.com,
WASHINGTON, November 27, 2007 -- The National Association of Realtors® and the U.S. Conference of Mayors have named Fort Smith, Ark., a 2007 Ambassador City for its City of Fort Smith Homebuyers Assistance Program. The program provides potential buyers with credit counseling and mortgage readiness education.
Advantage Realty Services, Inc provides a fee for service or flat fee service. With its new campaign designed to educate the public on the benefits of using a discount broker like themselves, the company allows people to save thousands of dollars on the sale of their home over traditional broker costs.
Houston-The Woodlands-Sugar Land and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Dallas-Plano-Irving, Texas and Walla Walla, Wash. Lead in Construction Job
The lead was once known to be the most versatile metal due to its numerous uses. Due to abundant availability, lead found its use in construction, batteries, alloys, ammunition, pigments, paints, wheels, and a lot more for more than 5,000 years. As per various reports, more than 60% of buildings constructed before 1978, and almost 90% of buildings built before 1940, contain lead.
It is everyone’s dream to own a house. But financing the house payment can be difficult as there is no readily available payment until or unless there is a home loan on one’s hand. There are different types of home loans available.
No one wants to live in a home where the indoor air quality is poor. But like many things that develop over time, the quality might have dropped so gradually that it has been difficult to notice.
South Carolina REALTORS® (SCR) today released its October 2020 statewide real estate market data. Despite the pandemic, Realtors® continue to set sales records with a 19% increase in closed sales throughout the state compared to this time last year.
Florida is one of the most regarded states amongst tourists and locals for attractions, entertainment, and coastline vibes. With great weather year-round and gorgeous beaches, it is no surprise that Florida is such a well-known tourist destination.
Council Transportation Chair Rodriguez To Join Marble Hill Houses Residents Association and Lime to...
NYC Council Transportation Chair Ydanis Rodriguez and the Marble Hill Houses Residents Association will host a scooter demo with micromobility company, Lime on Wednesday, December 2nd, at 11:00 AM at the Marble Hill Houses in the Bronx.
NONRESIDENTIAL CONSTRUCTION SPENDING REMAINS FLAT IN OCTOBER WHILE RESIDENTIAL CONSTRUCTION EXPANDS AS MANY COMMERCIAL...
Demand For Most Types of Nonresidential Projects Remains Flat Amid COVID-Uncertainty, Dwindling State and Local Budgets and the Lack of New Federal Coronavirus Relief Measures, Putting Jobs at Risk
Utilizing Air BnBs is the trendy new way to experience travel around the world. Giving tourists the ability to rent a condo or house in the city of the dreams not only lets them come and experience a new environment, but it also lets them live like the locals. It’s no surprise that regular tourists and influencers alike have hopped on this trendy way to stay.
Is your tap water hard? Looking to get rid of the chemicals and minerals that can clog your plumping, ruin your machine washing appliances, stain your clothing, and worst of all, irritate your skin? Then the only viable solution to this hard water dilemma is water softener installation.
These days, many people consider living in a gated community instead of residing in an urbanized and highly-dense area. Most of them are young families looking for a permanent place to stay. For others, the idea of living in a gated community comes with some misconceptions
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.
For years, you and your family have been living in your home and cannot imagine living anywhere else. However, there are a few things that you would like to spruce up, particularly some of the empty corners in and around the home. Here are three effective ways to help you maximize every corner of your home.
Name a business and you will find several relevant apps in the play store that can be useful for your business. The same is the case with the real estate business. Some apps make that tasks of real estate agents and agencies simple and easy. These apps are effective and efficient for both sellers and buyers.
Pending home sales experienced a minor decline in September after four consecutive months of contract activity growth, according to the National Association of Realtors®. While all four major U.S. regions recorded notable year-over-year increases
Homeowners everywhere hope to sell at the highest possible price when listing their home on the market and moving to a new, better space for their family. But cashing out at the peak of the market’s price range is not always in the cards.
It is not as hard as you think, in fact with just good planning and discipline, together with the 3 tips below your polished concrete floors will not only look good, they’ll do so for over a decade before repairs.
FEMA announced federal disaster assistance has been made available to the state of Texas to supplement state and local recovery efforts in the areas affected by Hurricane Hanna from July 25, 2020, and continuing
The Federal Emergency Management Agency (FEMA) has authorized the use of federal funds to assist the State of Nevada in combating the Numbers Fire burning in Douglas County.
In the process of setting up your Texas LLC, you'll be faced with quite a few expenses. Some of these are required by legislation, and others are just recommended. We'll cover the costs of setting up an LLC in Texas and also provide you with the informatio
The services of a registration agent began as part of due process in the US Constitution. A lawsuit includes the legal right to be notified of claims or other legal matters. Here are some brief things that will help explain what a Registered Agent Service In Texas
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
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