Blog Page 1134

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Atlanta...

Atlanta, GA - September 22, 2009 - (RealEstateRama) -- On September 21, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Atlanta Home Modification Services, LLC d/b/a Atlanta Home Mods located at 1588 Atkinson Road, Suite 106, Lawrenceville, Georgia, 30043 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Atlanta Home Modification Services, LLC d/b/a Atlanta Home Mods engaged in residential mortgage brokering activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Governor Bobby Jindal Announces Appointments to the Life Safety and Property Protection Advisory Board

BATON ROUGE, LA - September 22, 2009 - (RealEstateRama) -- Governor Bobby Jindal announced appointments to the Life Safety and Property Protection Advisory Board. The Louisiana Life Safety and Property Protection Advisory Board shall advise the state fire marshal in matters relating to the regulation of the certifying, inspecting, installation, integrating, selling, and servicing of life safety and property protection systems and equipment and to prohibit the use of life safety and property protection systems and equipment which are not properly labeled in accordance with the rules adopted by the state fire marshal in the interest of safeguarding lives and property.

$4 Million Community Foundation Loan to Spur Affordable Rental Housing in Palm Beach and...

Loan to Florida Community Loan Fund is one of the largest of its type among community foundations. ORLANDO, FL - September 22, 2009 - (RealEstateRama) -- In response to the growing need for affordable rental housing, the Community Foundation for Palm Beach and Martin Counties http://www.yourcommunityfoundation.org announced today an unprecedented $4 million low-interest loan to the Florida Community Loan Fund (FCLF) http://www.fclf.org/ , a nonprofit statewide lending institution. This investment in affordable housing is one of the largest ever made nationwide by a community foundation to a Community Development Finance Institution[i]. The announcement took place at the Florida Housing Coalition's statewide affordable housing conference in Orlando.

Representative Fudge To Host Foreclosure Prevention Clinic

CLEVELAND, OH - September 21, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) will host a free foreclosure prevention clinic at the Five Pointe Community Center on Tuesday, September 22.

Nye Announces Plan to Help Military Families Access More Affordable Housing Options

Virginia Beach, VA - September 21, 2009 - (RealEstateRama) -- Many military families in Hampton Roads, and across the country, could have more affordable housing options under a new proposal from Congressman Glenn Nye (VA-02).

Gillibrand Unveils New Effort to Provide Property Tax Relief fpr Rochester/Finger Lakes Region

Rochester, NY - September 18, 2009 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand today unveiled a new effort to provide property tax relief to thousands of middle-class families in the Rochester/Finger Lakes Region.

U.S. Green Building Council to Hold LEED Workshop in Loudoun

Leesburg, VA - September 16, 2009 - (RealEstateRama) -- The Loudoun County Department of Construction & Waste Management is sponsoring a workshop by the U.S. Green Building Council on "LEED Core Concepts & Strategies," Monday, September 28, 2009, from 8:30 a.m. to 5:00 p.m., at the Loudoun County Fire & Rescue Training Center, Auditorium 1 in the Main Building, 16600 Courage Court, Leesburg.

Gregg And Shaheen Announce Senate Approval Of $1 Million For Squamscott Community Commons

WASHINGTON, DC - September 17, 2009 - (RealEstateRama) -- U.S. Senators Judd Gregg and Jeanne Shaheen today announced that the Senate has approved $1 million for Squamscott Community Commons in Exeter.

Vacant Lot in Bed-Stuy Revitalized with Affordable Housing

Albany, NY - September 17, 2009 - (RealEstateRama) -- DHCR Commissioner Deborah VanAmerongen recently joined elected officials and community leaders at 1825 Atlantic Avenue in Brooklyn's Bedford-Stuyvesant neighborhood to celebrate the opening of Atlantic Avenue Apartments.

Public input sought at housing opportunity meetings

Salem, OR - September 16, 2009 - (RealEstateRama) -- Starting next week, Oregonians will have a chance to help shape how Oregon Housing and Community Services implements funding received from House Bill 2436 at public forums held throughout the state.

“nyhomes” Announces “Day 1″–A Credit Enhancement Program for Housing Preservation Developments

NEW YORK, NY - September 15, 2009 - (RealEstateRama) -- "nyhomes," New York State's affordable housing lender, today announced "Day 1"--a new program to offer credit enhancement on construction loans that finance renovations of affordable multifamily properties.

Tax Credits Awarded for Affordable Housing Development

BISMARCK, ND - September 18, 2009 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.7 million in Low Income Housing Tax Credits (LIHTC) to support construction or rehabilitation of 266 housing units.

OHFA Board approves funding to assist with affordable housing developments

COLUMBUS, OH - September 16, 2009 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today approved the issuance of up to $16 million in Multifamily Mortgage Revenue Bonds.

Rise in foreclosure scams calls for national crackdown, says AG Cooper

Washington, DC - September 17, 2009 - (RealEstateRama) -- Foreclosure rescue scams are pushing more struggling homeowners deeper into debt, and state and federal law enforcement must work together to stop them, Attorney General Roy Cooper told officials in Washington on Thursday.

HUD announces $18.7 million for affordable housing and community development in Texas

FORT WORTH, TX - September 9, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced that Denison, El Paso, Fort Bend County, Longview and Tyler will receive a total of $18,781,606 to support community development and produce more affordable housing.

Columbus Man Pleads Guilty to Money Laundering in Connection with Mortgage Fraud Scheme

COLUMBUS, OH - September 14, 2009 - (RealEstateRama) -- Charles E. Townsend, 39, of Columbus pleaded guilty in United States District Court here to one count of money laundering in connection with his involvement in a mortgage fraud scheme that exaggerated property values to out of state investors in order to secure funding for the purchase of properties in primarily low income neighborhoods in Columbus.

Former Highgate Manor Operator Pleads Guilty in $11 Million Multi-State Mortgage Fraud Scheme

Albany, NY - September 15, 2009 - (RealEstateRama) -- The Office of the United States Attorney for the District of Vermont stated that Benjamin Osmanson, 30, of California and Sarita, Texas, pleaded guilty yesterday to three counts of conspiracy, wire fraud, and money laundering related to his scheme to defraud mortgage lenders by submitting false loan applications in the names of “investors.” Osmanson was arrested in October 2008 in Texas.

Former Highgate Manor Operator Pleads Guilty in $11 Million Multi-State Mortgage Fraud Scheme

Albany, NY - September 15, 2009 - (RealEstateRama) -- The Office of the United States Attorney for the District of Vermont stated that Benjamin Osmanson, 30, of California and Sarita, Texas, pleaded guilty yesterday to three counts of conspiracy, wire fraud, and money laundering related to his scheme to defraud mortgage lenders by submitting false loan applications in the names of “investors.” Osmanson was arrested in October 2008 in Texas.

Rep. Maloney: Increased FHA Loan Limits Would Help Build Affordable Housing in NYC

Washington, D.C. - September 16, 2009 - (RealEstateRama) -- Congresswoman Carolyn Maloney (D-NY) submitted a statement into the Congressional Record yesterday in support of H.R 3527, the FHA Multifamily Loan Limit Adjustment Act of 2009.

Mikulski, Cardin Announce $9.88 Million from HUD for Energy Efficient Senior Housing in Hagerstown

WASHINGTON, DC - September 21, 2009 - (RealEstateRama) -- U.S. Senators Barbara A. Mikulski and Benjamin L. Cardin (both D-Md.), today announced that the Department of Housing and Urban Development is awarding the Hagerstown Housing Authority $9,879,750 in a competitive Public Housing Capital Fund grant for construction of a “green” public housing project for seniors at the site of the former H.L. Mills Station in Hagerstown. This shovel-ready project will be a 60-unit, four-story, LEED Certified building. The energy efficient design calls for using geothermal energy for heating, Energy Star appliances and construction standards, and other techniques for water and energy conservation. Construction is expected to begin before the end of this year.

Bureau of Financial Institutions’ Survey Shows Modest Upward Trend in Foreclosures at Maine Banks...

Professional & Financial Regulation - Financial Institutions. September 21, 2009 - (RealEstateRama) -- Superintendent Lloyd P. LaFountain, III announced this week that recently completed analysis by the Bureau of Financial Institutions of second quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.

The York County Pilot Project Of The Foreclosure Diversion Program Will Hold Informational Session...

September 21, 2009 - (RealEstateRama) -- Chief Justice Leigh I. Saufley announced that on September 23, 2009 the York County Pilot Project of the Foreclosure Diversion Program will hold its first informational session for homeowners facing mortgage foreclosure. The York County Pilot Project and the Foreclosure Diversion Program are the result of the recently enacted P.L. 2009, ch. 402, An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures. In accordance with the new law, the Supreme Judicial Court will establish a statewide program to provide mediation services in certain residential foreclosure actions in Maine. Although the Act requires that the mediation program be available statewide in 2010, the Court launched the Pilot Project on August 3, 2009, in York County to gain a better understanding before the Diversion Program is offered throughout the State. This first informational session will be held at the District Court in Springvale

IHDA Board Appoints Governor’s Former Deputy Chief of Staff as Executive Director Gloria L....

CHICAGO, IL - September 21, 2009 - (RealEstateRama) -- Members of the Illinois Housing Development Authority (IHDA) board today appointed Gloria L. Materre, former deputy chief of staff under Governor Pat Quinn, as executive director. IHDA is the state agency dedicated to financing affordable housing across the state. Materre succeeds DeShana L. Forney, who resigned to pursue other career opportunities.

GRANITE CITY HOUSING AUTHORITY RECEIVES OVER $6 MILLION IN RECOVERY ACT FUNDS

Washington, DC - September 21, 2009 - (RealEstateRama) -- U.S. Congressman Jerry Costello (D-IL) announced that the Granite City Housing Authority has received a $6,052,223 grant as part of American Recovery and Reinvestment Act funding from the Department of Housing and Urban Development. The funds will be used to make energy efficiency improvements at Granite City Commons

Department of Banking and Finance’s Order to Cease and Desist Issued to US Mortgage...

Atlanta, GA - September 21, 2009 - (RealEstateRama) -- On September 18, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to US Mortgage Funding, Inc. d/b/a www.usmortgagefunding.org, located at 951 Broken Sound Parkway, #200, Boca Raton, Florida, became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that US Mortgage Funding, Inc. d/b/a www.usmortgagefunding.org engaged in residential mortgage brokering/lending activities without a license or under an applicable exemption.

More than 750 Homeowners Benefit from Free Foreclosure Counseling and Mortgage Assistance at Multi-Agency...

September 21, 2009 - (RealEstateRama) -- Homeowners were invited to attend a free, comprehensive Foreclosure Counseling Fair on Saturday, September 12, to learn about foreclosure prevention and homeownership preservation. The event took place at Jordan High School on Atlantic Avenue near Artesia Boulevard in North Long Beach from 10:00 am to 3:00 pm. Registration began at 9:00 am; however, homeowners started lining up at 7:30 am.

House Unanimously Passes the FHA Multifamily Loan Limit Adjustment Act

Washington, DC - September 21, 2009 - (RealEstateRama) -- On Tuesday, the House unanimously passed the Federal Housing Administration (FHA) Multifamily Loan Limit Adjustment Act, a bill coauthored by Congressman Miller, to address the need for new construction or substantial rehabilitation of multifamily units in extremely high cost areas of the country.

C.A.R. survey on impact of federal tax credit

Nearly 40 percent of first-time home buyers report federal tax credit played critical role in decision to purchase a home. LOS ANGELES, CA - September 21, 2009 - (RealEstateRama) -- Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2009 First-time Home Buyers Tax Credit Survey.” Understanding the significance of the federal tax credit to the housing market’s recovery, C.A.R. surveyed 200 California first-time home buyers to gauge the impact it had on their purchase decisions

HUD announces $2.5 million for affordable housing and community development in Tulsa county

OKLAHOMA CITY, OK - September 9, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced that Tulsa County will receive a total of $2,588,451 to support community development and produce more affordable housing.

House Passes Weiner Legislation to Ease Lending for Rental Housing

Washington, DC - September 15, 2009 - (RealEstateRama) -- The House of Representatives today passed legislation that would dramatically increase the ability of the Federal Housing Administration to guarantee loan in big cities like New York.

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