Archive for December, 2010

Schenectady Man Sentenced to 27 Months in Prison for Role in Mortgage Fraud Scheme

New York, NY – December 30, 2010 – (RealEstateRama) — Richard S. Hartunian, United States Attorney for the Northern District of New York, Rene Febles, Special Agent in Charge of the Office of Inspector General, U.S. Department of Housing and Urban Development in New York, John F. Pikus, Special Agent in Charge of the Albany Division of the Federal Bureau of Investigation, and Lt. John D. Durling of the New York State Police Special Investigations Unit announced that Michael Cassadei was sentenced today by Senior United States District Judge Thomas J. McAvoy in Albany to twenty-seven (27) months in prison, to be followed by three years’ supervised release, for his role as organizer of a local mortgage fraud scheme.

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STORM DAMAGE PROPERTY TAX RELIEF

Los Angeles, CA – December 30, 2010 – (RealEstateRama) — Los Angeles County Assessor John R. Noguez today reminded property owners who may have been affected by the recent storms to contact his office as soon as possible for information about potential tax relief if rain, mud or related damage amounts to $10,000 or more.

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Bankrate: Mortgage Rates Jump Again

NEW YORK, N.Y. – December 30, 2010 – (RealEstateRama) — Mortgage rates climbed higher this week, with the average conforming 30-year fixed mortgage rising to 5.02 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.44 discount and origination points.

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Substantial Amendments Proposed for Affordable Housing Annual Action Plans

December 30, 2010 – (RealEstateRama) — At the Jan. 5, 2011, Hillsborough County Board of County Commissioners Regular meeting, the County will hold a public hearing to amend the 2005-06, 2006-07, 2007-08, 2008-09, 2009-10 and 2010-11 Affordable Housing Annual Action Plans. The Action Plans guide the County on how it will spend grant funds received from the United States Department of Housing and Urban Development in the following grants

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Finally Home!® Homebuyer Education 2011 class schedule now available

BOISE, ID – December 30, 2010 – (RealEstateRama) — Finally Home!® Homebuyer Education classes will be held across the state throughout 2011. Idaho Partners for Homebuyer Education, Inc. (IPHBE, Inc.) offers these informative classes to educate first-time homebuyers about the home purchase process in partnership with regional training partners throughout Idaho. Classes are also available online in English and Spanish at www.finallyhomecourse.com.

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Rates Mostly Up in Freddie Mac Weekly Survey

McLean, VA – December 30, 2010 – (RealEstateRama) — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which saw all but the 1-year ARM rise. This brings 30-year mortgage rates back to levels seen in May of this year, while the 15-year ties levels not seen since June. Even so, mortgage rates remain incredibly low

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Coronado Beach homes made available with online search feature supported on IDX enabled website

EUGENE, OR – December 30, 2010 – (RealEstateRama) — iPhone enabled property search is now available on the website of Gerri-Lynn Fives, thanks to the application IDX, Inc. has enabled on her page. The innovative IDX technology extracts raw listing data from the San Diego Regional MLS (SANDICOR) database and places it on the search page Fives hosts. Here, home seekers can quickly and easily scan the SANDICOR listings to find the perfect home for their budget, needs and location preferences. Never before has such a dynamic online property search been so accessible and simple.

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Pending Home Sales Continue Recovery, Gradual Improvement Seen in 2011

Washington, DC – December 30, 2010 – (RealEstateRama) –Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of Realtors®

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Treasurer McCord: PA Homeowners Can Finance “Whole Home” Improvements Through Money-Saving, Energy Efficiency Loan Program

HARRISBURG, PA – December 29, 2010 – (RealEstateRama) — Pennsylvania Treasurer Rob McCord today announced new, innovative financing options available through the Keystone Home Energy Loan Program (HELP). Qualified Pennsylvania homeowners can now take advantage of lower-rate, fixed-term loans for whole home energy efficiency projects – upon completion of a home energy audit designed to identify the most effective energy conserving improvements in each home.

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Ohio Courts Take Action in Foreclosure Cases

COLUMBUS, OH – December 29, 2010 – (RealEstateRama) — In a letter sent today to Ohio judges, Attorney General Richard Cordray has requested that the state courts continue to pay close attention to foreclosure cases that may have affidavits signed by robo-signers. In support of continued vigilance, Cordray highlights several courts that have taken action to address the situation.”In tracking these cases throughout the state, we have found that judges are finding different ways to handle them,” said Cordray.

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