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RealEstateRama

RealEstateRama is an Internet based Real Estate News and Press Release distributor for Real Estate publishing community.

Chris Hunt is a RealEstateRama Staff editor.
He has manage to selection and verify the real estate news for USA States.

Email : andy@gmail.com

City : NY

State : NY

Country : USA

Postal Code : 99345

TMS Funding Hires Five Additional Wholesale Account Executives

MILFORD, CT - May 31, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of five additional Wholesale Account Executives, with 72 years of combined experience in developing new business relationships and supporting high quality mortgage brokers. These new hires increase the number of Wholesale Account Executives at TMS Funding to 12, servicing 10 states.

TMS Funding Hires Five Additional Wholesale Account Executives

MILFORD, CT - May 31, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of five additional Wholesale Account Executives, with 72 years of combined experience in developing new business relationships and supporting high quality mortgage brokers. These new hires increase the number of Wholesale Account Executives at TMS Funding to 12, servicing 10 states.

Delinquency and Foreclosure Trends: Housing Market Remains Shaky

WASHINGTON, D.C. - May 27, 2011 - (RealEstateRama) -- The latest National Delinquency Survey issued by the Mortgage Bankers Association for the first quarter shows late mortgage payments and foreclosure starts have been dropping since the end of 2009. However, when you view the bigger picture, the housing market remains shaky, with millions of homeowners still at risk of losing their home.

Attorney General Kamala D. Harris Subpoenas Loan Processor LPS in Wide-Ranging Probe of Mortgage...

LOS ANGELES, CA - May 27, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris announced she has subpoenaed Lender Processing Services, Inc. (LPS), as part of her continuing probe into "robosigning" of mortgage documents and other illegal activities in the mortgage servicing industry, especially misconduct affecting borrowers facing, or in the midst of, foreclosure

New locations to give Chase 82 centers to help struggling homeowners

NEW YORK, NY - May 27, 2011 - (RealEstateRama) -- Chase this month opens three of the 31 new centers it will add this year to help even more borrowers in hard-hit communities stay in their homes. Chase counselors already have met face to face with 144,000 struggling homeowners in centers since 2009.

Justice Department Settles with Bank of America and Saxon Mortgage for Illegally Foreclosing on...

WASHINGTON, DC - May 26, 2011 - (RealEstateRama) -- The Justice Department today announced settlements with two lenders under the Servicemembers Civil Relief Act (SCRA) to resolve allegations that the lenders wrongfully foreclosed upon active duty servicemembers without first obtaining court orders, in violation of the SCRA. Combined, the settlements provide more than $22 million in monetary relief for the victims

Economist Tells Real Estate Counselors Commercial Real Estate Decline is Over; No Double Dip...

CHICAGO, IL - May 26, 2011 - (RealEstateRama) -- Though not ready to declare the economy is on the upswing, Wells Fargo Securities economist Mark Vitner told attendees at the recent midyear conference of The Counselors of Real Estate® in San Diego that the economic decline—at least in commercial real estate—is over. Members of the invitation-only The Counselors of Real Estate (CRE®) association are top advisors in real estate matters throughout the U.S. and abroad.

Census Bureau Reports Housing is Top Reason People Moved Between 2009 and 2010

WASHINGTON, D.C. - May 26, 2011 - (RealEstateRama) -- The U.S. Census Bureau announced today that among those who moved between 2009 and 2010, more than four out of 10 (16.4 million or 43.7 percent) did so for housing-related reasons, such as the desire to live in a new or better home or apartment, according to data from Geographical Mobility: 2010. Among other reasons for moving, people cited family concerns (30.3 percent), such as a change in marital status, employment needs (16.4 percent) and other factors (9.5 percent).

Bankrate: Mortgage Rates Fall 6 Weeks in a Row

NEW YORK, N.Y. - May 26, 2011 - (RealEstateRama) -- Mortgage rates dropped again, with the benchmark conforming 30-year fixed mortgage rate falling to 4.77 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.4 discount and origination points.

Ellie Mae® Launches Total Quality Loan Program

PLEASANTON, CA - May 26, 2011 - (RealEstateRama) -- Ellie Mae®(NYSE Amex:ELLI), the provider of software and automation solutions for mortgage bankers, community banks, credit unions and other mortgage lenders, announced today that it has launched the Total Quality Loan (TQL) program, a new initiative to promote total loan quality for loans originated through Encompass360® Mortgage Management Solution. This program builds upon the company's strategy to provide a comprehensive mortgage solution that extends beyond standard loan origination functions by offering supplemental services that enhance loan quality and compliance, and help reduce many of the major risks throughout the mortgage cycle.

US Labor Department announces more than $8 million grant competition to serve homeless veterans

WASHINGTON, DC - May 26, 2011 - (RealEstateRama) -- The U.S. Department of Labor’s Veterans’ Employment and Training Service has announced an $8.3 million grant competition to provide job training, counseling and placement services (including job readiness, and literacy and skills training) to expedite the reintegration of homeless veterans into the labor force through its Homeless Veterans Reintegration Program.

Vacation Rentals Strong Going into Peak Season:

AUSTIN, TX - May 26, 2011 - (RealEstateRama) -- Vacation homes aren’t just for rest and relaxation; they are also a satisfying, moneymaking venture for many owners. HomeAway, Inc. – the world’s leading online vacation rental marketplace – finds in its latest “HomeAway Vacation Rental Marketplace Report” that 81 percent of vacation home owners who rent their homes to travelers are satisfied with the overall experience.

Easily Track the Market with Realtor-Developed Web Tool

San Francisco, CA - May 24, 2011 - (RealEstateRama) -- Oliver Burgelman, long-time agent at Zephyr Real Estate, has created a new web tool to demonstrate how the real estate market in San Francisco is trending. The website, allows viewers to instantly see on a San Francisco map whether the average price per square foot is increasing or decreasing. This unique market-trends tool shows properties currently available for sale in all of San Francisco, or by one of the 10 MLS districts, by neighborhood or by a customized “price square” of the viewer’s choosing.

ABA STATEMENT ON FDIC BANK EARNINGS REPORT

WASHINGTON, D.C - May 24, 2011 - (RealEstateRama) -- “Today’s report shows that the banking industry continues to gain strength. For a year now, asset quality has steadily improved, loan losses have declined, and capital is at record highs. This forward momentum helps solidify the base for making new loans to bolster growth in the expanding economy. “Banks added nearly $25 billion in equity capital during the first quarter and total industry capital is now more than $1.5 trillion. Banks also have set aside more than $218 billion in reserves to cover possible loan losses. Capital plus reserves gives a total buffer protecting the industry of more than $1.7 trillion. This demonstrates strong industry-wide improvement and a continued build-up of underlying strength. In addition, the industry capital-to-assets ratio – a key measure of financial strength – continues to remain very strong and ended the quarter at an all-time high.

INLANTA MORTGAGE EXPANDS TO KANSAS CITY MARKET

Brookfield, WI - May 23, 2011 - (RealEstateRama) -- Inlanta Mortgage is proud to announce Mid America Mortgage Services, of Overland Park, Kan., has merged its operations with Inlanta Mortgage. The merger brings Kevin & Cindy Laffey to Inlanta with more than 20 years of experience, along with a highly experienced team of mortgage professionals. Laffey and his team have ranked in the top of the Business Journal’s “Top 25” in Kansas City

Inter-Regional Direct Commercial Real Estate Investment Up 70 Percent according to Jones Lang LaSalle’s...

CHICAGO, LONDON, SINGAPORE - May 20, 2011 - (RealEstateRama) -- Cross-border direct commercial real estate investment volumes reached US$37 billion in Q1 2011, up 25 percent from a year ago, according to the recent Global Capital Flows report from Jones Lang LaSalle. Inter-regional volumes (capital moving between the Americas, EMEA and Asia-Pacific) rose to US$26 billion, a 70 percent increase over Q1 2010. This emphasises the appetite real estate investors have for acquiring foreign assets and far exceeds the 40 percent gain across the total market (cross border plus domestic investment) in the first quarter.

The DESCO Group Closes Venture with USAA Real Estate Company

WASHINGTON, D.C. - May 20, 2011 - (RealEstateRama) -- The DESCO Group of St. Louis today announced USAA Real Estate Company of San Antonio as its new equity partner in the ownership of 28 shopping centers totaling over 2.3 million square feet and anchored by Schnucks supermarkets in Missouri, Illinois, Indiana, and Tennessee. DESCO will be the managing member of the new venture

Grassroots Collaboration For Tomorrow’s Sustainable Communities: The Urban Land Institute Announces Six Winners In...

WASHINGTON, DC - May 19, 2011 - (RealEstateRama) -- Six grants have been awarded in the Urban Land Institute’s (ULI) semi-annual funding of its Community Action Grants program. Through the program, the ULI Foundation Fund raises money to be distributed as grants to district councils or ULI members on behalf of nonprofit organizations for entrepreneurial programs that aim to improve urban growth in their communities.

U.S. ENERGY SECRETARY CHU TO RECOGNIZE NYC’S FIRST 1,000 GREEN BUILDING SUPERS

New York, NY - May 19, 2011 - (RealEstateRama) -- U.S. Secretary of Energy Steven Chu will join New York real estate industry executives and union leaders on Monday to recognize New York City's first class of green building superintendents to graduate from the 32BJ-Thomas Shortman Green Supers training program. Green Supers is an ambitious labor-management green buildings program, launched just over a year ago with Mayor Bloomberg, to train superintendents and resident managers in the latest state-of-the-art energy efficiency measures.

Recapitalization and Redevelopment of 280 Park Avenue Announced

New York, NY - May 18, 2011 - (RealEstateRama) -- In a transaction completed today, 280 Park Avenue equity partners Broadway Partners and Investcorp have executed a recapitalization agreement with mezzanine debt holders SL Green Realty Corp (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO). The transaction merges the parties' respective equity and debt positions to form a new ownership structure for the Class A office property and includes funding for an approximate $150 million repositioning and re-tenanting program

Lucescu Realty Announces $500 Million in Retail Property Transactions and the Opening of a...

NEWPORT BEACH, CA - May 18, 2011 - (RealEstateRama) -- Mark Lucescu, President of Lucescu Realty, one of the most active real estate investment brokerage firms in the U.S., announced today that the firm has closed, or currently has in escrow, approximately $500 million in retail property transactions and has opened a new office in Las Vegas to better serve its clients. Lucescu Realty most recently represented separate sellers, and procured the buyers, in the sale of Park West Place, a 757,000 sq. ft. power center in Stockton, Calif., which was acquired for $92.5 million; and Gilroy Crossing, a 474,000 sq. ft. power center in Gilroy, Calif., which was acquired for $68.5 million.

Keller Williams Realty and Old Republic Home Protection Align to Provide Unique Benefits to...

AUSTIN, TX - May 17, 2011 - (RealEstateRama) -- Keller Williams Realty, Inc. announced today that it has entered into an agreement with Old Republic Home Protection to offer a variety of services to the company’s associates and their clients.

VA Announces Disaster Assistance After Tornado Outbreaks

WASHINGTON, DC - May 17, 2011 - (RealEstateRama) -- The Department of Veterans Affairs (VA) announced today that special disaster assistance may be available to Veterans with VA-guaranteed home loans who have been affected by recent tornados in the South. Veterans living in the designated disaster areas in Alabama, Arkansas, Georgia, Mississippi and Tennessee may receive mortgage assistance through their loan servicers

“Downscaling Ambitions and Finding Creative Solutions”: Infrastructure 2011: A Strategic Priority Warns of Strain...

WASHINGTON, DC - May 16, 2011 - (RealEstateRama) -- America’s infrastructure investments – levels of which have long trailed behind those of Asia and Europe – will be further stifled this year by pressures to cut federal spending and reduce the deficit, compelling cities to be evermore creative and resourceful in securing partnerships to start or continue infrastructure projects, according to Infrastructure 2011: A Strategic Priority.

Two Bozzuto Developments Achieve LEED® Certification

Greenbelt, MD - May 16, 2011 - (RealEstateRama) -- The Bozzuto Group today announced that it has earned LEED certification from the U.S. Green Building Council (USGBC) for two residential developments in its portfolio. The Fitzgerald, a mixed-use community in Baltimore’s Mount Vernon district, has received LEED Silver Certification and Riverwalk at Millennium, an apartment community in suburban Philadelphia, has received LEED Certification.

ING CLARION PARTNERS ACQUIRES APARTMENT BUILDING IN BROOKLYN, N.Y. FOR $27 MILLION

NEW YORK, NY - May 12, 2011 - (RealEstateRama) -- ING Clarion Partners, a leading real estate investment management organization, has acquired 44 Berry Street in the Williamsburg neighborhood of Brooklyn for $27 million, it was announced today. The property, a 54,000 square foot, six-story, 42-loft unit apartment building includes six retail businesses on the ground floor and is fully leased.

Fannie Mae’s National Housing Survey Shows Uptick in Consumer Attitudes Since December, But Rising...

WASHINGTON, DC - May 11, 2011 - (RealEstateRama) -- Fannie Mae's latest national housing survey finds that Americans expressed more cautious optimism during the first quarter of 2011 than in the fourth quarter of 2010, but they continue to lack confidence in the overall strength of the housing market and economic recovery. The First-Quarter 2011 Fannie Mae National Housing Survey polled homeowners and renters between January 2011 and March 2011. Findings were compared to similar surveys conducted throughout 2010 and December 2003.

THE FEDERATED COMPANIES ANNOUNCES THE SALE OF ITS’ REMAINING RETAIL ASSET

Miami, FL - May 11, 2011 - (RealEstateRama) -- The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that it has completed the sales of its' remaining retail asset located at 115 Washington Street in Attleboro, Massachusetts. Built in 2007, this free-standing retail building is 15,950 square feet and is fully occupied by Goodwill Industries. It was sold to a private seller for $2.625 million.

SL Green and Sutton Announce Joint Venture to Acquire Times Square Retail Property

New York, NY - May 10, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced Jeff Sutton and it have formed a joint venture that has entered into an agreement to acquire the Times Square property located at 1552 Broadway from The Riese Organization, which will continue to operate the TGI Friday's restaurant at the property at least until the summer of 2012. The transaction is expected to close during the third quarter of 2011.

LeadingRE Leads the Top 500 U.S. Companies

CHICAGO, IL - May 10, 2011 - (RealEstateRama) -- According to the REAL Trends Top 500 Report recognizing the top real estate companies in the country, Leading Real Estate Companies of the World® once again was named the highest-producing network in terms of total sales for 2010 among this elite top 500 group of companies.

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Six Companies Receive New York State Service-Disabled Veteran-Owned Business Certification

The Office of General Services Commissioner today announced that the following six businesses have recently been certified by the Office of General Services’ (OGS) Division of Service-Disabled Veterans’ Business Development (DSDVBD)