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FTC Staff Files Mortgage Disclosure Comments With Banking Agencies

Washington, D.C., November 1, 2007 -- The Federal Trade Commission today released staff comments to the federal banking agencies – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration – in response to their request for comments on proposed illustrations of consumer information for subprime mortgage lending.

Real Estate Industry Groups Warn of Severe Economic Impact from Proposed Tax Increase on...

WASHINGTON, Nov 2 /PRNewswire-USNewswire/ -- A proposed tax increase on a partnership's long-term investment return that was approved yesterday by the House Ways and Means Committee poses a severe economic threat to economic growth, jobs and the tax base, according to a group of twelve national real estate organizations.

Tax Surprise After the Short Sale

After the Short Sale: Taxing What Isn't There Too often, real estate practitioners are unaware of the tax liabilities arising from the cancellation of debt and fail to advise their clients accordingly.

Video – New National Poll: Majority of Americans Oppose Expanded Role for Government in...

WASHINGTON, Nov. 1 /PRNewswire/ -- As Congress debates how to solve the mortgage credit crunch, a new survey by Freedom Works indicates a majority of Americans don't want Uncle Sam to foot the bill

FPA President Reacts to Paulson and Bernanke Comments on Mortgage Crises

WASHINGTON, D.C., October 17, 2007 -- The president of the Financial Planning Association® (FPA®) says homeowners on the cusp of foreclosure due to subprime loans need to evaluate their options now, and not wait for a foreclosure notice before taking action

Refinance Applications Drive Increase in Latest MBA Weekly Survey

WASHINGTON, D.C., October 31, 2007 — The Mortgage Bankers Association (MBA) today released its weekly Mortgage Applications Survey for the week ending October 26, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 681.7, an increase of 3.8 percent on a seasonally adjusted basis from 656.5 one week earlier. On an unadjusted basis, the Index increased 3.6 percent compared with the previous week and was up 19.5 percent compared with the same week one year earlier.

Statement of Chairman Dodd on the Fed’s Decision to Lower Interest Rates

Washington, D.C., Oct 31, 2007 -- “The financial tremors caused by the on-going subprime crisis have badly cracked and damaged one of the bedrocks of the American dream – the ability to own a home. When I met with Fed Chairman Bernanke in August, he assured me that the Fed would use all of the tools at its disposal to deal with the current crisis in our housing and financial markets.

Energy ratings not a deal breaker, but buyers likely to act on EPC advice

The average home buyer will not be put off a potential property if it has a poor energy rating, according to Legal & General. However, they would be likely to act on the energy saving proposals made in an energy performance certificate (EPC). Three months on from the launch of Home Information Packs (HIPS), the Government has said that most homes are receiving an ‘E’ rating on an A-G scale, but this could rise to a ‘C’ relatively easily.

BUSH ADMINISTRATION AWARDS $22.2 MILLION IN GRANTS TO CONVERT MULTIFAMILY PROJECTS INTO ASSISTED LIVING...

WASHINGTON - Americans in seven states will soon find themselves living in upgraded apartments equipped to meet their physical needs thanks to more than $22.2 million in grants from the U.S. Department of Housing and Urban Development. HUD Deputy Secretary Roy Bernardi today joined Onondaga County Executive Nicholas J. Pirro and representatives from the office of Congressman Jim Walsh to make the announcement at Bernardine Apartments in Syracuse, New York.

Genesis Foundation & Home Downpayment Gift Foundation Prevail

WASHINGTON, Oct. 31 /PRNewswire-USNewswire/ -- The Genesis Foundation Inc. (Genesis) and Home Downpayment Gift Foundation, Inc. (HDGF), both 501(c)3 charitable entities dedicated to helping low and moderate income families create and maintain homeownership, announced today that it has prevailed in its temporary injunction in the Unites State District Court.

More Than 200,000 Letters Sent to At-Risk Homeowners

WASHINGTON, Oct. 31 /PRNewswire-USNewswire/ -- Beginning November 19, the nation's largest mortgage servicers will be sending HOPE NOW letters to at-risk mortgage borrowers, asking them to get help

Dodd Calls on Treasury to Increase Focus on Protecting Homeowners

Washington, D.C., Oct 17, 2007 -- Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today sent a letter to Treasury Secretary Henry Paulson reiterating the need for lenders to modify subprime loans in order to avert massive foreclosures across the country.

Acting Attorney General Announces Results of Operation Home Sweet Home

WASHINGTON, OCTOBER 26, 2007 - The Justice Department announced the results of Operation Home Sweet Home, the Attorney General’s initiative to expose housing discrimination in America. In Fiscal Year 2007, the Department conducted a record number of undercover housing discrimination investigations, filed 30 lawsuits alleging unlawful housing discrimination, and obtained settlements and judgments requiring the payment of over $5 million in monetary damages to victims of discrimination and civil penalties.

Help Very Low-Income Elderly And People With Disabilities

WASHINGTON, October 26, 2007 - It will soon be easier for thousands of senior citizens and people with disabilities to find affordable housing, thanks to more than $643 million in housing assistance grants announced today by U.S. Housing and Urban Development Secretary Alphonso Jackson.

"This Administration is committed to making sure our senior citizens and people with disabilities have opportunities to find decent housing that they can afford," said Jackson. "Neither group should ever have to worry about being able to find a safe place to live.

Americans for Prosperity Leads Coalition Effort Against Taxpayer-Funded Sub-prime Mortgage Bailout

WASHINGTON, Oct. 25 /PRNewswire-USNewswire/ -- As Congress continues to debate the sub-prime mortgage issue, the free-market grassroots group Americans for Prosperity is leading a coalition representing millions of citizens to protect the best interests of taxpayers and homeowners.

Why do home foreclosure rates remain so high?

Oct. 23, 2007 -- As pressure mounts for Congress and the Bush Administration to restrict mortgage lending abuses that have saddled economically vulnerable families with mortgages they can not afford, the mortgage lending industry continues to funnel millions of dollars in lobbying and campaign donations to Congress, even as some of those mortgage institutions are struggling to stay afloat, a new Common Cause report shows.

Refinance Applications Increase In Latest MBA Weekly Survey

WASHINGTON, D.C., October 24, 2007 — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 19, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 656.5, a slight increase on a seasonally adjusted basis from 656.3 one week earlier.

Comptroller Testifies on House Subprime Lending Bill

WASHINGTON, October 24, 2007 -- Comptroller of the Currency John C. Dugan today expressed support for provisions in a House bill that would set national standards for subprime mortgages comparable to federal banking agency standards, and provide enhanced regulation for all mortgage brokers, but expressed concern about some parts of the proposed legislation.

HousePlansAndMore.com Adds Exciting New Features to House Plans Web Site

With more than 15,000 home plans to choose from, users may find the task of searching for a new home a bit daunting. But with HDA's new search features, finding that special luxury house plan is a breeze. Consumers are able to search by home plan style, size, and by estimated cost-to-build

NAR, SGA Find Americans Prefer to Spend More on Mass Transit and Highway Maintenance,...

WASHINGTON, Oct. 25 /PRNewswire-USNewswire/ -- Three-fourths of Americans surveyed believe that either being smarter about development or improving public transportation are both better long-term solutions for reducing traffic congestion than building new roads, according to a survey sponsored by the National Association of Realtors and Smart Growth America.

U.S. National


Bayrock Group New York City Trump

How Bayrock Group and the Trump Organization Built Trump SoHo

National
When two of the biggest players in the business join forces, magic is meant to happen, and that is exactly the case with Bayrock Group and the Trump Organization.
Commercial Real Estate Agents

Commercial Real Estate Agents

National
Commercial real estate investment is a great way to invest money in real estate without all the risks of owning property. However, the investment potential of commercial properties is fairly limited compared to residential property.
Curb Appeal

6 Ways To Increase Curb Appeal

National
There are many small, inexpensive home improvements you can make to improve the appeal of your San Diego real estate. Adding curb appeal to any house can make it easier to sell while also giving it an attractive look that you can be proud of.
ARRP

AARP Creates New Business Group to Expand Its Commitment to Diversity, Equity and Inclusion

National
AARP CEO Jo Ann Jenkins announced the creation of a new group, Diversity, Equity & Inclusion, and a new executive-level position, Chief Diversity Officer. The group and role were created to heighten the organization’s focus on its social mission work
AGC

CONSTRUCTION EMPLOYMENT DECLINES BY 61,000 IN FEBRUARY AS SEVERE WEATHER COMPOUNDS FALLING DEMAND FOR...

National
Association Officials Urge Congress and Biden Administration to Focus on New Infrastructure Funding, Address Rising Materials Prices and Avoid Disruptive Measures like the PRO Act to Stem Sector Job Losses
FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

National
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.

What to know about Lewes, Delaware

National
Lewes, Delaware, is an up-and-coming area currently in the process of re-opening following COVID-19 restrictions. Perfect for a romantic getaway, Lewes, is a haven of quiet streets and boutique shopping. Wander down Second Street and overlook beautiful waterways. Explore the many unspoiled trails located in Cape Henle Penn State Park and enjoy the natural surroundings.
Starbucks_Corp_Rep_Photo

Hanley Investment Group Arranges Pre-Sale of New Construction Starbucks Drive-Thru for $2.6 Million in...

National
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 arranged

New ICC framework sidelines local government participation in energy code development

National
The International Code Council (ICC) announced today a new framework that changes the essential nature of the International Energy Conservation Code (IECC) development process from a model energy code to a standard. The change, described in vague terms in the ICC material, is impactful because it reduces the opportunity for cities and states to shape future versions of the IECC

Five Companies Receive New York State Service-Disabled Veteran-Owned Business Certification

National
Office of General Services Commissioner RoAnn Destito today announced that the following five businesses were recently certified by the Office of General Services’ (OGS) Division of Service-Disabled Veterans’ Business Development (DSDVBD)

Appraisal Institute Debuts New and Improved Residential Education Offering

National
The Appraisal Institute on Feb. 22 debuted a new and improved education offering, "Appraising Condos, Co-ops, and PUDs." "Appraising Condos, Co-ops, and PUDs" is a 7-hour education offering that previously premiered online.

Concierge Auctions Leads Online Sale of Bespoke Miami Condo

National
Concierge Auctions led an online auction for the 4,876-square foot One Thousand Museum, situated in the heart of downtown Miami, in May 2020. The sale provided open-plan luxury and extraordinary views to the buyer, who purchased the property for $4.48 million.
Combo Kit or Tool Set

Why Should You Consider a Combo Kit or Tool Set

National
Having a few necessary tools in your house is essential. Be it a hammer for installing a nail on your wall or a screwdriver, or a plus tool to uninstall it. Not having a necessary tool at the time of need can cost you unnecessary expenditure or damage.
NAR

Pending Home Sales Retreat 2.8% in January, but Climb From Last Year

National
Pending home sales took a step backward in January as inventory constraints continue to hold back prospective buyers, according to the National Association of Realtors
MBA

Share of Mortgage Loans in Forbearance Increases Slightly to 5.23 Percent

National
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased by 1 basis point from 5.22% of servicers' portfolio volume in the prior week to 5.23%
MBA

MISMO Wins 2021 HousingWire Tech100 Mortgage Award

National
MISMO, the mortgage industry's standards organization, has been named a 2021 winner of HousingWire's Tech100 Mortgage award. The award criteria were based on technology innovation and impact within the mortgage market.

OFF-MARKET PROPERTIES: PREVIEWING, INSPECTING AND MAKING AN OFFER BEFORE OTHER BUYERS

National
Sometimes it pays to be ahead of the game when making a big purchase such as a home. Often, popular properties experience a large amount of interest from buyers the moment the listing is live, leading to strong competition at the auction, pushing prices beyond most buyer’s limits.
NAHB

International Housing Association Continues Focus on Access to Housing Finance

National
The International Housing Association (IHA) is continuing to focus on ways potential home owners across the world can access housing finance to achieve homeownership. Through “Housing Affordability: A World Challenge,”
NAHB

Best in American Living™ Awards Embrace Top Design Trends for 2021

National
More than 160 single-family, multifamily, interior design, remodeling and community projects were honored at last night’s 2020 Best in American Living™ Awards (BALA) virtual ceremony. The awards are sponsored by Monogram Luxury Appliance

What do I need for an FHA LOAN?

National
The Federal Housing Administration is one of the most comprehensive mortgage insurance in the world, offering its services in the United States. The FHA insures these loans as long as they are provided by their approved lenders on multi and single-family units.

U.S. States


FEMA

President Donald J. Trump Approves Emergency Disaster Declaration for Texas

Texas
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
FEMA

FEMA Fire Management Assistance Granted for the Numbers Fire

California
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.
Start An LLC In Texas

How Much Does It Cost To Start An LLC In Texas?

National
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
Registered Agent In Texas

5 Benefits Of Using A Registered Agent In Texas

Texas
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 

Avoid TV Tip-Over Incidents During Super Bowl LIV with Safety Tips

New York
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.
Starbucks_Fresno

Brand-New Single-Tenant Starbucks Drive-Thru Trades in Fresno, Calif. for $1,345 PSF

California
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
FEMA

Rosenberg family home for the holidays – and prepared for future hurricanes

Texas
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.

5 Cities in Florida: Which One Makes for the Best Real Estate Investment Opportunity...

Florida
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.

WALTER J. MAHONEY STATE OFFICE BUILDING TO BE SOLD

New York
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
SCR

Charleston South Carolina expected to outpace national real estate market averages through 2025

National
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
Peter Evering

WHAT IS THE EVICTION PROCESS IN CALIFORNIA?

California
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.
FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Texas
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
ABC National

Florida Tops ABC’s Annual Merit Shop Scorecard State Ranking for Second Year in a...

Florida
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
Top 4 Places to Buy a Second Home

Top 4 Places to Buy a Second Home in the US

National
There are about 7.4 million homes owned as a second home in the United States. For many people, their second home is a vacation home. This gives them a chance to get away and break routine while also having all of the comforts of being in their own home.
Carol Corden cuts the ribbon

Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...

New York
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
HUD - U.S. Department of Housing and Urban Development

HUD AWARDS $1.5 MILLION TO PUBLIC HOUSING AUTHORITIES TO ASSIST YOUNG PEOPLE AGING OUT...

National
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

BLM NAMES VETERAN LAND MANAGER TO LEAD CALIFORNIA STATE OFFICE

California
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
USDOJ

California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns

California
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

NYS OASAS ANNOUNCES OPENING OF NEW RECOVERY CENTER IN NEW YORK CITY

New York
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.

Robust U.S economy not a boost for black homeownership

National
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

Popular


NAHB

New Home Sales Decline in May

National
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.
DOI

$17+ Million in Grants Will Help States, Local Communities Keep Waters Clean, Economies Thriving

National
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.
FEMA

Port Aransas ready for return of summer tourism

Texas
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 - Eight Major Awards

OJO Labs: Five Months, Eight Major Awards

National
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
Property on Airbnb

Should I Rent Out my Property on Airbnb?

National
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.
Rockefeller Foundation

The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...

National
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
PaulineWeaver

Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...

National
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.
VA

VA’s Home Loan Guaranty program notifies Veterans of potential loan fee waivers

National
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.
Merri Jo Cowen - headshot

A Stellar Idea: My Florida Regional MLS Reimagines the Multiple Listing Service

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
HUD - U.S. Department of Housing and Urban Development

NATIONAL ASSOCIATION OF HOME BUILDERS TO CO-HOST HUD INNOVATIVE HOUSING SHOWCASE

National
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

Department of the Interior: Yakima Water Plan Is a “Model” and “Holistic”

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.”

Energy Costs to Cook Thanksgiving Meal Up to 25% Lower in 2015

“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

Department Enters into Consent Order with Equity Loans, LLC and its owners Eduardo Gutierrez...

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

Recent Gov & Nonprofit Real Estate Press Releases

Bayrock Group New York City Trump

How Bayrock Group and the Trump Organization Built Trump SoHo

When two of the biggest players in the business join forces, magic is meant to happen, and that is exactly the case with Bayrock Group and the Trump Organization.