In an ongoing effort to crack down on businesses that prey upon homeowners facing foreclosure, the Federal Trade Commission has charged six businesses and three individuals with violating the Home Ownership and Equity Protection Act (HOEPA), the FTC Act, and the Truth in Lending Act (TILA) by enticing homeowners into high-cost, short-term loans secured by an additional mortgage on their homes.

Washington, D.C., Feb. 27, 2008 - The Securities and Exchange Commission today charged three promoters who targeted military families in a multi-million dollar investment scheme that forced victims into personal bankruptcy and their homes into foreclosure.

Sales of new single-family homes fell 2.8 percent in January to the lowest rate in nearly 13 years, according to a U.S. Commerce Department report issued Wednesday.

Wells Fargo & Co., the country’s second-largest mortgage lender, says it has identified more than 200 housing markets nationwide where the mortgage crisis has spread.

WASHINGTON, February 26, 2008 - Nominations are now open for the National Association of Realtors® ninth annual REALTOR® Magazine Good Neighbor Awards. The program recognizes Realtors® whose extraordinary commitment to volunteer work has helped make their community a better place to live.

WASHINGTON, DC – U.S. home prices fell in the fourth quarter of 2007 according to OFHEO’s seasonally-adjusted purchase-only house price index. The index, which is based on data from home sales, was 1.3 percent lower on a seasonally-adjusted basis in the fourth quarter than in the third quarter of 2007. This decline was substantially greater than the 0.3 percent price decline between the second and third quarters.

WASHINGTON - U.S. Housing and Urban Development Secretary Alphonso Jackson today announced that HUD's FHASecure product has helped 100,000 homeowners refinance their mortgages and avoid foreclosure. Since September 2007, FHASecure has enabled tens of thousands of families - who are current on their home loans or past due because their teaser rates reset - to close on loans refinanced through HUD's Federal Housing Administration (FHA), which is backed by the full faith and credit of the government

WASHINGTON - U.S. Housing and Urban Development Secretary Alphonso Jackson today issued the following statement applauded NeighborWorks America for expeditiously awarding $130 million to HUD-approved national counseling intermediaries and state housing finance agencies that will provide thousands of families with foreclosure prevention counseling.

Move to New York, and you could become an investment-banking millionaire. Head for Los Angeles for a chance at an eight-figure Hollywood paycheck. Or go prospecting in San Francisco for dot-com gold.

WASHINGTON, February 25, 2008 - Existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 0.4 percent to a seasonally adjusted annual rate(1) of 4.89 million units in January from an upwardly revised level of 4.91 million in December, and are 23.4 percent below the 6.44 million-unit pace in January 2007.

February 24, 2008 - Governor Eliot Spitzer today joined Governors from across the United States in calling on the Bush Administration to deliver a comprehensive solution to the ongoing mortgage crisis. As more Americans lose their homes, the Governors have taken aggressive actions and stand ready to partner with the federal government to deliver critical relief to homeowners in need.

WASHINGTON, February 25, 2008 - “Homeownership is part of the American dream,” said 2008 NAR President-elect Charles McMillan. “As the nation’s leading advocate for housing issues, NAR is committed to removing disparities in homeownership and making the face of homeownership in this country look more like America.”

REO business awaits those who can juggle details and expectations for fast turnover while earning the trust of lenders.

A federal judge in Wilmington, Del., where many of the country’s largest companies are incorporated, says he is considering reining in mortgage companies that have been foreclosing on consumers who have brought their home loan payments up to date while they are in bankruptcy.

Yale Professor Robert Shiller, whose Case-Shiller 20-city home price index has become an industry standard, says people shouldn’t fear gradually falling home prices.

The strength of the Canadian dollar, the euro, and other foreign currencies, on top of a slowdown in the U.S. real estate market, is making the United States an enticing place for foreigners to buy property.

WASHINGTON, D.C. (February 14, 2008) – Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) expressed reservations about several of the provisions contained in the Foreclosure Prevention Act of 2008, introduced in the Senate yesterday.Mr.

WASHINGTON, D.C. (February 20, 2008) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 15, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 822.8, a decrease of 22.6 percent on a seasonally adjusted basis from 1063.5 one week earlier.

WASHINGTON, February 20, 2008 - The Commercial Leading Indicator for Brokerage Activity(1) slipped 0.4 percent to an index of 120.1 in the fourth quarter from a reading of 120.6 in the third quarter, but remains 0.1 above the fourth quarter of 2006 when it stood at 119.9.

WASHINGTON - February 11, 2008 - Three local housing developments in Blacksburg, Virginia; Palm Desert, California; and Denton Texas are the recipients of the 2007 Best in American Living Award for their design excellence and innovative approaches in affordable homeownership.

Package management tops the multifamily amenity list. Discover what property owners need to know to meet rising demand.

The legislation aims to ensure that data centers and other large-load facilities pay the full cost of the power and water infrastructure needed to serve them. On Wednesday, Congressman Michael Baumgartner introduced the Power and Water for Families Act of 2026 (H.R.9419), which aims to ensure that AI data centers and other large-load facilities pay the full cost of the power and water infrastructure needed to serve them.

The National Association of Hispanic Real Estate Professionals (NAHREP®) has released its annual Top 250 Latino Agents Report today, recognizing 788 top-producing Latino real estate agents from all regions of the country. The 2026 rankings reveal that, while the overall number of transactions in the nation reached the lowest level in decades, Latino real estate agents recognized on the Top 250 list closed nearly 49,500 transactions, totaling $22.6 billion in sales volume.

CIH has today welcomed the repeal of the Vagrancy Act 1824 in England and Wales, marking the end of a 200-year-old law that criminalised people for sleeping rough or begging. The repeal comes into effect alongside commencement of measures under the Crime and Policing Act 2026, which received Royal Assent in April.

U.S. Sen. Mark R. Warner (D-VA), a member of the Committee on Banking, Housing and Urban Affairs, applauds today’s final passage of the bipartisan ROAD to Housing Act, the largest legislative housing package in decades. This landmark legislation will build more homes, bring down home purchasing and renting costs, preserve affordable housing in rural areas, help reduce homelessness, and address the rising share of housing owned by large corporate investors.

Senator Reverend Warnock slammed President Trump for refusing to sign the ROAD to Housing Act, which would have banned large corporations from mass purchasing single-family homes. Hours before the President was set to sign the legislation, he cancelled the signing ceremony, insisting that Congress pass his voter suppression legislation, the SAVE America Act  

The New York Department of State’s Division of Consumer Protection is providing consumers with important water safety tips to support a fun, safe summer. The U.S. Centers for Disease Control and Prevention (CDC) identifies drowning as the number one cause of death for children under four years old and the second leading cause of death among children ages five to fourteen, with over 4,000 fatal unintentional drownings every year.

Congressman Bob Latta (OH-05), Chairman of the Subcommittee on Energy, led a markup of eight bills. “Throughout this Congress, witnesses before our subcommittee have made things crystal clear: Our nation is in the midst of a concerning reliability crisis; Affordability challenges are straining household budgets; and our electric sector must meet the moment to ensure our country can compete and win in the next generation economy,

The New York State Office of Temporary and Disability Assistance (OTDA) today announced the completion of Fresh Start Apartments, which created 11 units of permanent supportive housing in the City of Newburgh for women who have experienced homelessness and substance use disorder.

Senator Reverend Raphael Warnock’s provision to ban large corporations from mass purchasing single-family homes passed the U.S. Congress and is one step closer to becoming federal law. The provision is part of the historic 21st Century ROAD to Housing Act, which now moves to the White House for President Trump’s signature

Owning a home in California comes with its own set of challenges. The sun, earthquakes, dry summers, and rainy winters all take a toll on houses. Staying on top of regular maintenance helps you avoid expensive repairs and keeps your home comfortable year-round. Here are five services every California homeowner should prioritize.

Democratic Whip Katherine Clark (MA-5) celebrated over $3 million in federal investments that she secured for school and climate resilience projects across MA-5. In Melrose, Whip Clark she joined Mayor Jen Grigoraitis to celebrate $250,000 in funding she brought home to rebuild, rewire, and improve the public address systems in Melrose Public Schools, as well as an $852,500 investment

The New York City Public Housing Preservation Trust (the Trust) today announced that Fifth Avenue Builders, LLC, has been selected as the design-build team to perform renovation work in apartments and shared spaces at Unity Towers in Coney Island. With the Trust Board's approval on June 10, 2026, the selection of the design-build team marks a major milestone for the project, which encompasses one building with 193 apartments.

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.

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 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

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

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

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