Monthly Archives: July 2010

July 29, 2010 - (RealEstateRama) -- Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that first quarter 2010 data submitted by Maine-chartered banks and credit unions shows a continuing increase in completed home foreclosures in Maine

WASHINGTON, DC - July 29, 2010 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced the opening of a new mortgage help center in Chicago to provide counseling and other services for struggling homeowners in the greater metro area with loans owned by Fannie Mae. The Chicago Mortgage Help Center (Center) is the second facility and third announced partnership in a series of planned mortgage help centers across the country. Fannie Mae is partnering on this initiative with Neighborhood Housing Services of Chicago, major mortgage servicers, and civic and community leaders from across the region.At the Center, borrowers will meet directly with dedicated, on-site English- and Spanish-speaking staff and experienced housing counselors to discuss their mortgage situation. These face-to-face meetings will help borrowers better understand the range of foreclosure prevention options available to them and help them to better manage their relationship with their servicer

WASHINGTON, DC - July 29, 2010 - (RealEstateRama) -- The Justice Department today filed a lawsuit against Dalton Township, Mich., alleging violations of the Fair Housing Act and the Americans with Disabilities Act. The lawsuit, filed in U.S. District Court for the Western District of Michigan, charges that the township discriminated against persons with disabilities based on its treatment of a group home for persons recovering from drug and alcohol addiction and its failure to grant a reasonable accommodation or modification to the owner of the group home

WASHINGTON, D.C. - July 29, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 23, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4.2 percent compared with the previous week

Washington, DC - July 29, 2010 - (RealEstateRama) -- Second quarter 2010 commercial and multifamily mortgage loan originations were one percent higher than during the same period last year and 35 percent higher than during the first quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), with the 30-year and 15-year fixed-rate mortgages reaching record lows for this survey. (The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991

McLean, VA - July 29, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it will not issue a Reference Notes® security on July 29, 2010. The company’s 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.

Tampa, Fla. (July 27, 2010) – The Institute for Business & Home Safety (IBHS) offers residents and small business owners the following guidance on returning to flood-damaged properties.

Las Vegas, NV - July 29, 2010 - (RealEstateRama) -- Richard Ballen, a Las Vegas Realtor specializing in Short Sales in Nevada stops a Nevada Foreclosure. Another successfully closed Wachovia Short Sale in Nevada. TOTAL DAYS 53 LIST TO CLOSE IN ADDITION TO $5000 TO SELLER!

Washington (DC) - July 29, 2010 - (RealEstateRama) -- Yesterday, Congressman Al Green’s (TX-09) “Veterans, Women, Families with Children, and Persons with Disabilities Housing Fairness Act of 2010” (H.R. 476) moved forward in Congress after being approved in a mark up session held by the House Committee on Financial Services. The bill has now been favorably approved and reported out of Committee.

West Hartford, CT - July 29, 2010 - (RealEstateRama) -- Find out what's working in Real Estate right now and how to build a Real Estate business that is automated and not dependent on you all the time

CT REIA and Terry Hale presents a Free Webinar West Hartford, CT - July 29, 2010 - (RealEstateRama) Exclusive Training In Commercial Real Estate August 3 - 8:00 to 9:00 PM (EST)

July 28, 2010 - (RealEstateRama) -- Monthly permit numbers declined slightly in April while year over year permit numbers continued a modest increase for the fourth consecutive month according to statistics compiled by the Home Builders Association of Greater Kansas City (HBA). A seasonally adjusted total of 194 single-family homes were permitted in April, down from a revised total of 207 homes in March.

WASHINGTON, DC - July 28, 2010 - (RealEstateRama) -- Sen. Chuck Grassley, ranking member of the Committee on Finance, is urging the Treasury Department to set measurable goals and benchmarks for a housing assistance program that is failing to help struggling homeowners

Washington, DC - July 28, 2010 - (RealEstateRama) -- The office of Nevada Senator Harry Reid will host a home foreclosure prevention workshop in Las Vegas at the Lied Memorial Boys and Girls Club on Saturday, July 31.

BLOOMINGTON, IL - July 28, 2010 - (RealEstateRama) -- Governor Pat Quinn today signed a bill into law that requires fraternity and sorority housing in Illinois to install automatic fire sprinkler systems. Governor Quinn also highlighted a new law that requires housing units in Illinois to have a backup power supply for all smoke detectors that are wired to a building’s electrical supply.

WASHINGTON, D.C. - July 28, 2010 - (RealEstateRama) -- U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that counties and municipalities across New Jersey will receive $24,195,998 for various housing and community revitalization programs.

Washington, DC - July 28, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, applauded Congressional passage of key provisions that mirror legislation he introduced to bolster Rural Housing Service loan programs on the brink of insolvency.

BEDFORD, N.H - July 28, 2010 - (RealEstateRama) -- Since the New Hampshire Legislature enacted the workforce housing statute, many of the State’s municipalities have sought the help of New Hampshire Housing as they work to understand the housing market and to provide opportunities for the development of workforce housing.

Pittsburgh, PA - July 27, 2010 - (RealEstateRama) -- Acting United States Attorney Robert S. Cessar announced today, July 27, 2010, that Mark Hipsley of Pittsburgh, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh,

Lewis Center, OH - July 28, 2010 - (RealEstateRama) -- Associa, the leader in community management, is proud to announce that Real Property Management was named the 2009 “Medium Size” Office of the Year at the 2010 Associa Summer Conference. “Medium Size” Office of the Year is awarded to a “medium” designated Associa company with the highest performance during the prior fiscal year in the areas of client growth, client retention, employee morale and profitability.

Washington, DC - July 28, 2010 - (RealEstateRama) -- Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations,

Miami, FL - July 28, 2010 - (RealEstateRama) -- Audrey Ross, Senior Vice President of Esslinger-Wooten-Maxwell (EWM) Realtors, has brokered the sale of the highest-priced residential condominium ever in the City of Coral Gables.

WESTLAKE VILLAGE, CA - July 28, 2010 - (RealEstateRama) -- Reflective of the real estate buyers’ market conditions in many regions in the U.S., satisfaction with real estate companies among home buyers has improved from 2009, while satisfaction among home sellers has declined, according to the J.D. Power and Associates 2010 Home Buyer/Seller StudySM released today.

McLean, VA - July 28, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released the results of its second quarter cash-out refinance analysis.

Glendale, AZ - July 28, 2010 - (RealEstateRama) -- Arizona may continue to struggle with real estate woes, but one local residential real estate company is enjoying explosive growth and taking it nationwide. HomeLovers home rental and property management is launching a HomeLovers franchise opportunity to entrepreneurs based on proprietary systems proven successful in Arizona. HomeLovers has been cash positive since its first year, growing a remarkable 850+ percent in its second year. The firm is leveraging industry consultant heavyweight iFranchise to assist in the franchise endeavor.

WASHINGTON, DC - July 28, 2010 - (RealEstateRama) -- Elderly Americans in Arizona, Maryland, New York and Ohio will soon find themselves living in upgraded apartments equipped to meet their physical needs because of $19.5 million in grants from the U.S. Department of Housing and Urban Development. HUD today announced the grants to help convert existing multifamily projects into assisted living facility for the elderly. A detailed summary of each grant is attached to this release.

Des Plaines, IL - July 28, 2010 - (RealEstateRama) -- The American Society of Home Inspectors (ASHI) played a critical role in the inclusion of the “Consumer Protection with Home Inspection” law in the Wall Street Reform and Consumer Protection Act signed by President Obama on July 21. ASHI hails this legislation as an innovative and low-cost means to help homebuyers weigh their options when looking to obtain a home inspection.

Washington, D.C. - July 28, 2010 - (RealEstateRama) -- The Alliance to Save Energy expressed its support for inclusion of the Home Star Energy Retrofits Act in the Clean Energy Jobs and Oil Spill Accountability Act sponsored by Senate Majority Leader Harry Reid (D-Nev.) and expected to be introduced later today. The Home Star program, which would create as many as 168,000 American construction jobs over the next two years, offers rebates to homeowners who make energy efficiency home improvements

July 28, 2010 - (RealEstateRama) -- Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The final rules are being issued by the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, Farm Credit Administration, and National Credit Union Administration (the agencies)