Washington - Secretary Henry M. Paulson, Jr. issued the following statement today regarding the HOPE NOW alliance's progress report on the number of homeowners helped since the organization's inception. The report indicated that during the fourth quarter, following the creation of the alliance, mortgage servicers in the organization were modifying subprime loans three times faster than in the third quarter.
States Clamp Down on Sharks; Legitimate Investors May Feel Sting As the number of foreclosure filings climbs, increasing by 99.5 percent between the third quarter of 2006 and that of 2007, so does the number of laws designed to protect consumers from scams that pretend to help troubled home owners refinance.
Real estate practitioners need to adopt new strategies in the new year to give them a competitive edge, given that there are more than 2.5 million licensed real estate practitioners nationwide--all of them competing for work in a slow market.
(Denver, CO., January 16, 2008) - RE/MAX International is the nation's number one real estate franchise, and the number ten franchise overall, according to Entrepreneur Magazine's 29th Annual "Franchise 500 Survey." RE/MAX has held the honor of the top real estate franchisor for eight of the past ten years.
NMHC/NAA File Suit to Block New Regulations Restricting Contracts Between Apartment Owners and Cable...
WASHINGTON, DC -- The National Multi Housing Council and National Apartment Association (NMHC/NAA) today filed a lawsuit against the Federal Communications Commission (FCC) asking the courts to strike down the FCC’s recently issued regulations retroactively banning “exclusive access” agreements between cable providers and apartment owners.
Due to home owners trying to rent homes they can’t sell, rentals are abundant and prices are at bargain levels in areas hit hard by foreclosures.
WASHINGTON, D.C. - Jan. 15, 2007 - A proposed change in the bankruptcy law that would allow bankruptcy judges to unilaterally change the terms of mortgage contracts would cost home buyers across the country hundreds of dollars every month and thousands of dollars a year, according to a new resource on MBA’s website
In the current issue of FDIC Quarterly the FDIC outlines the analytical case for a systematic and streamlined loan modification process that will help avert foreclosure for borrowers who are current on their loans, but who cannot refinance or afford the higher payments when interest rates reset
Sales of new homes dropped last month to their lowest level in more than 12 years. Mortgage applications have fallen to their lowest level in a year. Bidding wars are pretty much done
WASHINGTON, January 14, 2008 - Beginning today, the National Association of Realtors® is reaching out to consumers with the facts about homeownership and the value of real estate as a long-term investment.
WASHINGTON, D.C. - January 11, 2008 - CampusMBA, the award winning education division of the Mortgage Bankers Association (MBA) today launched the Enterprise Certification Program, a specialized and comprehensive bundle of top tier, certification-based and results-oriented learning solutions designed to elevate and uphold a company's quality and excellence.
Register Today for the Mortgage Bankers Association’s (MBA) 2008 National Mortgage Servicing Conference &...
As current market conditions dictate changes to the way companies do business, now is the time for servicing professionals to pool knowledge, information, resources and discover new ways to increase operating efficiencies
Washington , DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has published a new Mortgage Market Note on the conforming loan limit. The Note provides background information on the potential implications of increasing the conforming loan limit in high-cost areas, as proposed in pending House and Senate legislation.
WASHINGTON - Federal employees who fail to report their income to qualify for housing assistance they would not otherwise be eligible for stand to lose their jobs, pay steep fines and face possible criminal penalties.
Leading online real estate companies Yahoo! Real Estate, Zillow.com®, and Trulia.com today announced they will share a new standard data format for the distribution of real estate listings online.
Washington, DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has issued a revised Policy Guidance on the Examination of Mortgage Fraud Programs of Fannie Mae and Freddie Mac. The guidance details the standards for overseeing and evaluating policies and programs the Enterprises have developed to minimize mortgage fraud.
San Antonio, TX - January 10, 2008 - USAA Real Estate Company announced today the successful conclusion of fundraising for the US Industrial REIT II. The fund has raised $450 million in equity commitments from ten institutional investors including domestic pension funds, insurance companies and other fund investors, $50 million more than originally planned.
After years of unsustainable price appreciation and lax lending practices, a housing correction was inevitable and necessary. That correction is underway. Over the next two years, we also face an unprecedented wave of 1.8 million subprime mortgage resets, raising the potential of a market failure. Because the industry does not have the capacity to manage this volume, without action, unnecessary foreclosures would result.
Writing a monthly rent check often feels like lighting money on fire. You'll never again see that cash, you build no equity and there are no tax benefits.
Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, and then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of REALTORS
U.S. Senator Sheldon Whitehouse, a senior member of the Senate Environment and Public Works Committee, today released the following statement regarding President Biden’s Build Back Better proposal:
Senate Finance Committee Chair Ron Wyden, D-Ore., and U.S. Sens. Elizabeth Warren, D-Mass., Sherrod Brown, D-Ohio, Bob Casey, D-Pa., and Tina Smith, D-Minn., announced that they plan to introduce a new bill allocating mandatory funding to build child care availability over
The Wells Field Office (WFO) seeks public comment on an environmental assessment prepared for a plan of operations amendment submitted by National Oilwell Varco for the permanent closure of the Big Ledge Mine pit. The comment period closes April 16, 2021.
KTGY, a leading full-service architecture, branding, interior and planning firm focused on residential, hospitality, mixed-use developments and neighborhood revitalization, announced today that construction is underway on Capitol Square Apartments
Moving house is one of the most daunting activities we all need to put up with at least once in a lifetime. According to psychologists, a move can be as stressful as a divorce. One thing you can do to alleviate this stress is to put together an excellent moving checklist to rely on. Here are a few tips to help you create the most practical moving checklist.
It is not an easy task to sell your house and move into another one. This process can take time, cost money, and be entirely stressful. Do you know that you can skip the process of getting a realtor, showing your home, and other activities if you sell your house and get paid in cash?
Canyon Title Inc., a Boston National Company, announced today they will be co-hosting a webinar with fraud prevention expert Tom Cronkright, CEO of CertifID. The webinar, "To Catch A Fraudster," is scheduled for April 14th at 11 a.m. Eastern/9 a.m.
MooveGuru today announced that the federal government extension of the Paycheck Protection Program Loan (PPP) will allow MooveGuru's partners blueacorn and Capital Plus Financial to continue processing applications until the new deadline of May
President Biden’s infrastructure plan represents a major achievement in recognizing housing as essential human infrastructure. The historic level of funding proposed would be an investment in the future of our country by addressing
Biden-Harris Administration Extends Moratorium on Residential Evictions in USDA Multifamily Housing Communities in Accordance...
The U.S. Centers for Disease Control and Prevention (CDC) extended the eviction moratorium to affected multifamily housing
Statement by NACWA CAO Highlights Potential for Strong Federal Partnership to Deliver Clean Water Services. President Biden released his Build Back Better infrastructure plan today, outlining his vision for mobilizing the country to strengthen
It’s normal to have worries and concerns when investing in real estate wherever you are in the world. It’s a lot of money and you might not feel you know enough about the market or even Cyprus. Nevertheless, searching for property for sale in Paphos
Meridian, a full-service real estate developer and owner of medical office real estate, announced that it has completed the sale of The Laguna, a 57,573-square-foot medical office building located at 24022 Calle de la Plata, on the Memorial Care
President Biden will unveil his infrastructure package, which includes substantial policies encouraging clean energy, new transmission, incentives for American manufacturing and jobs
Congresswoman Eleanor Holmes Norton (D-DC) said today that President Biden’s historic infrastructure bill, the American Jobs Plan, should be considered to jumpstart the National Capital Planning Commission’s SW Ecodistrict Plan, which would turn 110
The U.S. Department of Agriculture (USDA) announced it is requesting public input from interested parties, including potential customers and interested stakeholders, to help create a new Rural Renewable Energy Pilot Program. To ensure a diverse group
Many landlords decide to use letting agencies to manage their properties, and this saves them a lot of time and hassle. Letting agents deal with all aspects of the tenancy, from carrying your checks and referencing to dealing with repairs and rental payments. When it comes to the latter, one issue that both letting agents
Are you looking to remodel your home? Besides the aesthetic beauty, remodelling your home makes it more functional. You get more space and enhanced value. According to research, most people remodel their homes in anticipation of a sale or to improve the home value. Here are a few remodelling ideas to enhance your home value.
Mayor Muriel Bowser and the Department of Housing and Community Development (DHCD) announced the selection of 9 projects that will produce and preserve over 1,100 affordable
The Alliance to Save Energy on Wednesday applauded the Biden administration’s focus on strengthening energy efficiency in buildings, transportation, affordable housing, and other sectors of the economy in the American Jobs Plan.
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