Archive for March, 2010

Georgia Department of Banking and Finance Enters into a Consent Order with MTB Mortgage Inc., and its Owner, Olamide Arowolo

Atlanta, GA – March 31, 2010 – (RealEstateRama) — On March 30, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with MTB Mortgage Inc. (“MTB Mortgage”), License Number 20290, formerly located at 4566 Lawrenceville Highway, Suite 101, Lilburn, Georgia 30047, and its owner, Olamide Arowolo, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.The terms of the Consent Order include

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Division of Mortgage Lending Issues Fines and Takes Enforcement Action in Four Matters

Las Vegas, NV – March 31, 2010 – (RealEstateRama) — The Division of Mortgage Lending continues to diligently enforce mortgage lending laws by disciplining four entities for various violations of the Nevada Revised Statutes.

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Rahall Announces Federal Funds for Greenbrier County and Huntington Housing Authorities

BECKLEY, W.Va. – March 31, 2010 – (RealEstateRama) — U.S. Rep. Nick Rahall (W.Va.) announced today that the Greenbrier County Housing Authority and the Huntington Housing Authority will receive federal funds for their Housing Choice Voucher-Family Se…

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Grubb & Ellis Apartment REIT Acquires Bella Ruscello Luxury Apartment Homes Near Dallas

DALLAS, TX – March 30, 2010 – (RealEstateRama) — Grubb & Ellis Apartment REIT, Inc. today announced the acquisition of Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community in the Dallas suburb of Duncanville. The acquisition closed on March 24, 2010.

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Cogdell Spencer Inc. Announces First Quarter Earnings Release and Conference Call Notice

CHARLOTTE, N.C., March 30 /PRNewswire-FirstCall/ — Cogdell Spencer Inc. (NYSE: CSA) announced today that it will release first quarter earnings after the market closes on Thursday, May 6, 2010.  Cogdell Spencer Inc. invites you to attend the First Quarter 2010 Conference Call on Friday, May 7, 2010 at 10:00 a.m. (Eastern Daylight Time).  

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Governor Patrick Announces Free Homebuyer Fairs and Open Houses to Promote Affordable Homeownership Opportunities in Massachusetts

Latest series of “Opportunity Knocks” homebuyer fairs will be statewide on Saturday, April 10. BOSTON, MA – March 31, 2010 – (RealEstateRama) — Governor Deval Patrick announced today that the latest series of free “Opportunity Knocks” regional homebuyer fairs and open houses to promote affordable homeownership opportunities in Massachusetts will be held on Saturday, April 10 across Massachusetts

Massachusetts Home Prices Edge up in February for Third Straight Month

Home sales up for eight consecutive months

WALTHAM, MA – March 31, 2010 – (RealEstateRama) — The Massachusetts Association of REALTORS® (MAR) reported today that median prices of single-family homes were up 7.7 percent compared to February 2009 while condominiums were up 12.8 percent compared to the same time last year. Home sales have now increased for eight straight months and were up 14.3 percent compared to the same time last year while condominium sales were up 14.8 percent

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Hotel Indigo Opens Second Property in Nashville

ATLANTA, GA – March 30, 2010 – (RealEstateRama) — Hotel Indigo, IHG’s (InterContinental Hotels Group) upscale boutique brand, today announces the opening of its second property in Nashville, Tenn.

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Bypassing the Bust: The Stability of Upstate New York’s Housing Markets during the Recession

New York, NY – March 30, 2010 – (RealEstateRama) — The Federal Reserve Bank of New York today released Bypassing the Bust: The Stability of Upstate New York’s Housing Markets during the Recession—the latest article in its series Second District Highlights.

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After Urging by Sen. Brown, Ohio Added to Help for Hardest-Hit Housing Markets Program

WASHINGTON, D.C. – March 29, 2010 – (RealEstateRama) — U.S. Sen. Sherrod Brown (D-OH) today announced that Ohio will receive $172 million to help communities address the foreclosure crisis. The funds will come from the Help for the Hardest-Hit Housing Markets (4HM) program.

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