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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.
Real estate professionals see rays of light in cloudy market
Local real estate professionals discussed how to ride out a currently stormy housing market that holds promises of better times ahead at the eighth annual State of Real Estate in the Coachella Valley presentation, held today at the Doral Palm Springs Resort.
Renters Four Times More Likely to Move Than Homeowners
OCTOBER 16, 2007 -- The U.S. Census Bureau has released a series of 34 tables on the 40 million Americans who moved between 2005 and 2006, including characteristics of movers by type of move.
Statement by Secretary Henry M. Paulson, Jr. on Announcement of New Private Sector Alliance
Washington, DC, October 10, 2007 --Thank you, Secretary Jackson, for being here today. And thank you to everyone here today with one common objective – helping homeowners stay in their homes. We all know well the turmoil in today's mortgage markets. A combination of stagnant or falling house prices, low down payment mortgages and resetting adjustable-rate mortgage rates are creating real challenges for many American homeowners.
Full Senate Votes to Increase LSC’s Budget
Washington, DC, October 17, 2007 -- By a vote of 75-19, the full U.S. Senate last night approved the FY 2008 Commerce, Justice, Science, and Related Agencies (CJS) funding bill, providing a $41.4 million or 12 percent budget increase for the Legal Services Corporation (LSC), the nation's single largest source of funding for civil legal aid for the poor. LSC would receive a total of $390 million, approaching the $400 million received in FY 1995, the high-water mark in the Corporation's 33-year history.
Senate And House Democratic Leaders Offer Plan To Stem Tide Of Home Foreclosures
Washington, D.C., October 2, 2007 —Senate Majority Leader Harry Reid, Speaker Nancy Pelosi, Senators Chris Dodd and Charles E. Schumer, and Reps. Barney Frank and Carolyn Maloney today offered a plan to stem the rising tide of home foreclosures created by the subprime mortgage market crisis
Comprehensive Mortgage Reform and Anti-Predatory Lending Legislation Introduced in the House
Washington, DC, October 22, 2007 - Reps. Brad Miller (D-NC), Mel Watt (D-NC) and Barney Frank (D-MA) today introduced comprehensive legislation to combat abuses in the mortgage lending market, and to provide basic protections to mortgage consumers and investors. The bill, H.R. 3915, the “The Mortgage Reform and Anti-Predatory Lending Act of 2007” will reform mortgage practices in three areas.
Americans Trust Their Financial Institutions to Disclose Terms, Help Manage Finances
WASHINGTON, Oct. 18 /PRNewswire/ -- American consumers give their own banks and credit card companies a 76 percent approval rating when it comes to being fair when disclosing terms to customers; they also rank their own personal banks and credit card companies far higher than the federal government when it comes to helping them handle their overall finances, according to the Second Annual Financial Fitness Survey released by The Financial Services Roundtable.
National Association of Realtors(R) Revised 2007-2008 Statistical & Forecast News Release Schedule
National Association of Realtors(R) Revised 2007-2008 Statistical & Forecast News Release Schedule All released at 10:00 a.m. Eastern Time except November Forecast/PHSI
Antitrust Division Launches Web Site on Competition in the Real Estate Brokerage Industry
WASHINGTON, Oct. 10 /PRNewswire-USNewswire/ --- The Antitrust Division of the Department of Justice launched a new Web site today to educate consumers and policymakers about the potential benefits that competition can bring to consumers of real estate brokerage services and the barriers that inhibit that competition
Study: Wal-Mart Systematically Challenges Property Tax Assessments, Cutting Support for Schools and Other Government...
WASHINGTON, Oct. 10 , /PRNewswire-USNewswire/ --- The first-ever investigation of Wal-Mart's local property tax records finds that the retailer systematically seeks to minimize its payments that support schools and other government services. That's the finding of Rolling Back Property Tax Payments, a report released today by Good Jobs First, a non-profit research center.
American Red Cross and HUD Agree to Speed Housing Information and Assistance to Displaced...
WASHINGTON, Oct. 4, /PRNewswire-USNewswire/ -- Many disaster survivors who have been forced from their homes will access critically needed housing information and assistance more quickly because of an agreement signed today between the American Red Cross and the U.S. Department of Housing and Urban Development (HUD).
NAR Helps Realtors(R) Manage Multiple Technology Tools
CHICAGO, Oct. 4 /PRNewswire-USNewswire/ -- The National Association of Realtors(R) Center for REALTOR(R) Technology has released a free software toolkit to facilitate open standards-based Single Sign-On. SSO is an authentication process that allows users to enter one username and password to access all online real estate applications.
American Planners Recognize Country’s Great Neighborhoods and Streets
WASHINGTON, Oct. 2 /PRNewswire-USNewswire/ -- The American Planning Association (APA) today announced the country's first 10 Great Neighborhoods and 10 Great Streets to be singled out through the new national program, "Great Places in America." Launched last spring, Great Places in America is APA's flagship program celebrating places of exemplary character, quality, and planning. Places are selected annually and represent the gold standard in terms of having a true sense of place, cultural and historical interest, community involvement, and a vision for tomorrow.
Mortgage Problems Continue to Hamper Pending Home Sales
WASHINGTON, Oct. 2 /PRNewswire-USNewswire/ -- Pending sales of existing- homes activity will be dampened near-term as mortgage disruptions continue to impact the housing market, according to the National Association of Realtors(R).
Center for Responsible Lending’s Corbett to Sit on Subprime Lending Panel
Media Advisory: Center for Responsible Lending senior vice president Keith Corbett will be on a panel to discuss the impact of subprime lending on communities of color
DHS One Step Closer to Permanent, Consolidated Home
WASHINGTON, Sept. 26 /PRNewswire-USNewswire/ -- The U.S. General Services Administration has completed a draft master plan and draft environmental impact study at St. Elizabeths Hospital, marking another milestone in GSA's effort to establish a permanent, consolidated home for the Department of Homeland Security (DHS).
Census Bureau Tip Sheet: Home Equity Lines of Credit – Who Uses This Source...
Home Equity Lines of Credit --- Who Uses This Source of Credit? -- This report profiles single-family homeowners who used home equity lines of credit in 2001 and compares them to their counterparts from 10 years earlier, including age, home value, mortgage, age of home, number of loans for home improvements and proportion of people using home equity for debt consolidation.
U.S. National
Home Termite Prevention: What You Need to Know
Termites can wreak havoc on homes, often causing significant structural damage before their presence is detected. Staying ahead of them requires vigilance, preventive measures, and
Civil Rights Coalition Denounces HUD’s Abdication of its Fair Housing Obligations
The following civil and human rights organizations registered their dismay at facts revealed in a whistleblower complaint filed by five employees working at the U.S. Department of Housing and Urban Development (HUD). The groups also pledged their support for the brave employees who have filed this alarming complaint.
28 Housing Leaders Urge Senate to Advance Bipartisan ROAD to Housing Act
A group of 28 affordable housing leaders and housing industry trade organizations joined together to urge Senate leaders to bring the ROAD to Housing Act (S. 2651) to the floor for full
NAR Pending Home Sales Report Shows 4.0% Increase in August
Pending home sales in August increased by 4.0% from the prior month and rose 3.8% year-over-year, according to the National Association of REALTORS® Pending Home Sales Report. The
Sullivan Welcomes $183.4 Million in Federal Highway Funds to Alaska DOT
U.S. Senator Dan Sullivan (R-Alaska) welcomed the announcement that the U.S. Department of Transportation (DOT), through the Federal Highway Administration, has redistributed a
New York City Public Housing Preservation Trust Announces Design-Build Team for $93 Million Modernization...
The New York City Public Housing Preservation Trust (the Trust) today announced that a contract has been executed with the design-build team, Fifth Avenue Builders (FAB), that will perform over $93 million of renovation work in apartments and shared spaces at Bronx River Addition in the borough’s Soundview neighborhood.
EPA Orders Construction Company to Comply with Clean Water Act in St. Croix, USVI
U.S. Environmental Protection Agency (EPA) announced that is has required Chitolie Trucking Service, LLC to comply with the Clean Water Act (CWA) after identifying deficiencies in how it
Cassidy Announces Over $22.5 Million for Louis Armstrong New Orleans International Airport Runway Upgrades
U.S. Senator Bill Cassidy, M.D. (R-LA) announced Louisiana will receive $22,539,337.00 from the Federal Aviation Administration
VA awards $84M in grants to fight Veteran homelessness
The Department of Veterans Affairs today announced $84 million in grants to 176 organizations across the country to help Veterans who are homeless or at risk of becoming homeless. $42 million in grants will cover legal services and another $42 million in
HUD Secretary Scott Turner Hosts Tribal Intergovernmental Advisory Committee and Announces National Tribal Housing...
The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner recently hosted HUD's Tribal
Why a Builders Report Matters Before Buying Property
Have you ever thought about how people make sure a property is safe and reliable before buying it? For most families, purchasing a home or an investment property is one of the biggest financial
NLIHC President and CEO Renee M. Willis Statement on White House Announcement to Raid...
"The National Low Income Housing Coalition (NLIHC) strongly condemns President Donald Trump’s announcement today to remove people experiencing homelessness from Washington, D.C.
Commercial and Multifamily Mortgage Debt Outstanding Increased in Second-Quarter 2025
The level of commercial/multifamily mortgage debt outstanding increased by $47.1 billion (1.0 percent) in the second quarter of 2025, according to the Mortgage Bankers Association’s (MBA)
Pressley, Community Partners Celebrate $425K Delivered for Childcare at Boston Chinatown Neighborhood Center
With Trump Admin. Attacking Head Start and Gutting Essential Resources, Federal Funding Secured by Pressley Will Support
Nearly $48 Million Approved to Support Disaster Recovery
FEMA announced nearly $48 million in additional funding for 46 North Carolina Tropical Storm Helene and other disaster recovery projects. This includes 31 newly approved projects, as well as 18
Durbin, Cleaver Introduce The Spur Housing Act To Increase Housing Supply And Economic Development
U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Representative Emanuel Cleaver, II (D-MO-05), Ranking Member
Housing Starts Remain Soft Ahead of Fed Meeting
Challenging affordability conditions continue to act as headwinds for the housing sector, but the industry could see lower interest rates in the near future with the Federal Reserve expected to cut
RealReports and Restb.ai introduce industry-first AI property intelligence to MLSs
RealReports, the premier AI-driven property intelligence platform, and Restb.ai, the real estate industry’s leader in AI and computer vision, today announced a strategic partnership that brings
House Republicans Pass Series of Dirty Energy Bills
This week, Republicans in the House of Representatives passed three energy bills that will drastically increase pollution, harm public health, and lead to higher energy prices. The bills – H.R. 1047, H.R. 3015, and H.R. 3062 – would clear the way for more dirty fossil fuel infrastructure and development and stymy investment in clean, affordable energy.
Rep. Cleaver, Senator Durbin Introduce the SPUR Housing Act to Increase Housing Supply and...
U.S. Representative Emanuel Cleaver, II (D-MO), Ranking Member of the Financial Services Subcommittee on Housing and Insurance, and U.S. Senator Dick Durbin
U.S. States
President Donald J. Trump Approves Emergency Disaster Declaration for 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 Fire Management Assistance Granted for the Numbers Fire
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.
How Much Does It Cost To Start An LLC In Texas?
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
5 Benefits Of Using A Registered Agent In 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
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.
Brand-New Single-Tenant Starbucks Drive-Thru Trades in Fresno, Calif. for $1,345 PSF
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
Rosenberg family home for the holidays – and prepared for future hurricanes
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...
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
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
Charleston South Carolina expected to outpace national real estate market averages through 2025
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
WHAT IS THE EVICTION PROCESS IN 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 Offers Free Rebuilding Tips at Local Home Improvement Stores
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
Florida Tops ABC’s Annual Merit Shop Scorecard State Ranking for Second Year in a...
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 in the US
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.
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
HUD AWARDS $1.5 MILLION TO PUBLIC HOUSING AUTHORITIES TO ASSIST YOUNG PEOPLE AGING OUT...
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
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
NYS OASAS ANNOUNCES OPENING OF NEW RECOVERY CENTER IN NEW YORK CITY
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
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
SIXTY PERCENT OF FIRMS WORKING ON HIGHWAY UPGRADES EXPERIENCED CARS CRASHING INTO THEIR WORK...
Annual Survey by HCSS and Associated General Contractors of America Finds Drivers and Passengers are at Greater Risk of Injury and Death in Work Zone Crashes As Officials Urge Drivers
New Home Sales Decline in May
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.
$17+ Million in Grants Will Help States, Local Communities Keep Waters Clean, Economies Thriving
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.
Port Aransas ready for return of summer tourism
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: Five Months, Eight Major Awards
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
Should I Rent Out my Property on Airbnb?
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.
VA’s Home Loan Guaranty program notifies Veterans of potential loan fee waivers
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.
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
NATIONAL ASSOCIATION OF HOME BUILDERS TO CO-HOST HUD INNOVATIVE HOUSING SHOWCASE
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