State housing agency releases first funds under $500 million of new bond authority for...
AUSTIN, TX - May 21, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) announced that beginning today the State will make available the first $50 million under an unprecedented $500 million in new mortgage revenue bond authority.
Mark Kellogg Sentenced to 14 Years in Prison for Operating a $5.8 Million Mortgage...
CLEVELAND, OH - May 21, 2010 - (RealEstateRama) -- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General Richard Cordray and Ohio’s Organized Crime Investigations Commission announced that Mark Kellogg was sentenced to 14 years on May 19, 2010 for operating a large mortgage fraud scheme in Slavic Village. Kellogg was ordered to pay restitution of $5,831,500 to lenders and $186,715 to 109 neighbors who sold properties located on the same city block as the foreclosures resulting from mortgage fraud
Harlem River Park Research Fair and Tour
May 21, 2010 - (RealEstateRama) -- Frederick Douglass Academy students present their findings on the health and ecology of the Harlem River, with tours of the new Harlem River Park designed to bring the public closer to a key confluence in the New York City “eco-stream.”
Prudential Georgia Realty Adds Ten-Year Agent Jodi Patterson
Atlanta, GA - May 21, 2010 - (RealEstateRama) -- Georgianative Jodi Patterson, an Atlanta Realtor with 10 years experience, recentlymade the switch to Prudential GeorgiaRealty. She is based out of PrudentialGeorgia Realty’s Midtown office, located on Peachtree Street a few blocks from the High Museum.
39 City Properties Set For Auction
May 21, 2010 - (RealEstateRama) -- The City of Springfield, in conjunction with Daniel J. Flynn & Co. of Quincy, will auction off 39 (thirty-nine) properties in tax-title possession on Tuesday, June 8, 2010. Registration begins at 5:00 P.M. and the auction begins at 6:00 P.M. The Auction will be conducted ballroom-style, at Springfield City Hall located at 36 Court Street, Springfield, MA
$1.4M to Fund Free Counseling for IL Homeowners Facing Foreclosure
CHICAGO, IL - May 21, 2010 - (RealEstateRama) -- A new round of more than $1.4 million in federal grant money will enable thousands of homeowners across Illinois to receive free foreclosure counseling, the Illinois Housing Development Authority (IHDA) announced today.
HUD PUBLISHES ADVANCE GUIDANCE FOR PILOT PROGRAM TO REVITALIZE PUBLIC, OTHER HUD-ASSISTED HOUSING AND...
Choice Neighborhood Initiative to require one-for-one replacement of public and HUD-assisted housing. WASHINGTON, DC - May 21, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development posted the Choice Neighborhood FY 2010 Notice of Funding Availability Pre-Notice today to give potential applicants guidance prior to the actual Choice Neighborhoods funding notice, to be published this summer. The guidance offers advance details regarding the application process to compete for funds through this pilot program.
NYC APARTMENT BUILDING WORKERS Ratify NEW CONTRACT WITH WAGE HIKES, FAMILY HEALTH CARE
New York, NY - May 21, 2010 - (RealEstateRama) -- New York City apartment building workers ratified a four-year agreement Friday that provides nearly 10% in wage increases, maintains fully employer-paid family health care coverage and keeps pension benefits secure. The new $8.1 billion contract with the Realty Advisory Board (RAB) covers 30,000 doormen, superintendents, resident managers, porters, handymen and concierges at over 3,200 New York City buildings.
New Housing Industry Consumer Confidence Survey
New Survey Finds 76 Percent of Consumers. Now Believe Renting to be a Better Option over Homeownership. Advantages Cited Include Flexibility to Move to a Different Location with New Job Opportunities. Arlington, VA - May 21, 2010 - (RealEstateRama) -- A new online survey commissioned by the National Apartment Association conducted in May finds 76 percent of consumers deem renting to be the more favorable option to owning a home in the current real estate market, a 5 percent increase from 2008.
Pennsylvania Realtor uses IDX Broker technology to eliminate the hassle of online home searches.
EUGENE, OR - May 21, 2010 - (RealEstateRama) -- Shelia Salvitti, a member of Coldwell Banker Premier Properties in North Wales, Pennsylvania, has joined IDX, Inc.'s growing group of talented real estate agents and brokers who are changing the way people search for homes online. The IDX Broker technology extracts raw listing data from the Trend MLS (Trend) listing database and displays it directly on her website, bringing the most comprehensive search to her potential home buying clients
Carper, Collins Bill to Safeguard Investment in Federal Green Buildings Wins Key Committee Approval
WASHINGTON, DC - May 21, 2010 - (RealEstateRama) -- Today the Committee on Environment and Public Works (EPW) unanimously approved Senator Tom Carper (D-DE) and Senator Susan Collins's (R-ME) legislation designed to ensure that federal employees who operate and maintain our federal facilities have the training and resources they need to safeguard our nation's significant investment in energy efficient buildings. The bill will now go to the full Senate for consideration.
Carper, Collins Bill to Safeguard Investment in Federal Green Buildings Wins Key Committee Approval
WASHINGTON, DC - May 21, 2010 - (RealEstateRama) -- Today the Committee on Environment and Public Works (EPW) unanimously approved Senator Tom Carper (D-DE) and Senator Susan Collins's (R-ME) legislation designed to ensure that federal employees who operate and maintain our federal facilities have the training and resources they need to safeguard our nation's significant investment in energy efficient buildings. The bill will now go to the full Senate for consideration.
City of Phoenix Door-to-Door Sales and Home Solicitation Ordinance
May 21, 2010 - (RealEstateRama) -- At the request of Mayor Phil Gordon, Councilman Claude Mattox and Councilman Tom Simplot have formed a working group of community members and city staff to develop a Phoenix city ordinance to regulate unsolicited door-to-door sales in response to residents’ concerns. Mattox is the chairman of the Public Safety and Veterans Subcommittee, and Simplot chairs the Housing and Neighborhoods Subcommittee
Mississippi Cottages available at auction
PEARL, MI - May 21, 2010 - (RealEstateRama) -- More than 175 Mississippi Cottages will be auctioned off to registered bidders at 10 a.m. on June 4. The cottage units are staged at 346 Beaver Dam Rd., Perkinston, Miss., 39573. The auction will feature one-bedroom, 400 square feet units with feature front porches. The units will be sold as they are. The condition of the units varies from slightly damaged to needing multiple improvements
Wall Street Reform Passes Senate
WASHINGTON, D.C. - May 21, 2010 - (RealEstateRama) -- Today, the United States Senate passed a financial reform bill . A last minute managers amendment from Senator Dodd has not been made public yet, but based on the details of the bill known earlier today, John Taylor, president and CEO of the National Community Reinvestment Coalition (NCRC), made the following statement:
MBA Reacts to Passage of Financial Regulatory Reform
WASHINGTON, D.C. - May 21, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA) issued the following comment today, reacting to passage of S. 3217, the Restoring American Financial Stability Act of 2010.
NAR Offers Congress Ideas to Strengthen a Successful VA Home Loan Program
Washington, DC - May 21, 2010 - (RealEstateRama) -- The National Association of Realtors® offered some suggestions to Congress today toward making a good Veterans Affairs Home Loan Guaranty Program even better
NeighborWorks America Named a Top Home Builder by Builder Magazine
NeighborWorks Ranked #82 in its Debut on the 2009 Builder 100 List. Washington, D.C - May 21, 2010 - (RealEstateRama) -- Today NeighborWorks America announced that it was named one of the nation’s largest residential home builders, according to Builder Magazine’s 2009 Builder 100 list. NeighborWorks America debuted on the 2009 Builder 100 list at No. 82, with 302 units of for-sale housing completed by its network of local NeighborWorks organizations.
70% OF U.S. RETAILERS VIEW ECONOMY AS IMPROVING, SURVEY FINDS
Los Angeles, CA - May 19, 2010 - Nearly 70% of U.S. retailers believe that the overall economy is improving, and 92% are planning to increase store openings, according to a new survey released by CB Richard Ellis Group, Inc.(CBRE). The report, "Shop Talk - A Retailer's Perspective", also finds that despite an improving economy, nearly all the retail executives surveyed believe that retail rents will either fall or remain flat throughout the rest of 2010
Fairfield County Real Estate Investors Meeting
May 20, 2010 - (RealEstateRama). Fairfield County Real Estate Investors Association (FCREIA) Meeting. (in association with the Bridgeport Downtown Task Force). Bridgeport’s New Development Toolbox: Opportunities for Development with
Bridgeport’s New Master Plan and Zoning Regulations
Cindy Simpson Receives Prudential RealEstate Network’s Top of the Rock Award
ATLANTA, GA - May 20, 2010 - (RealEstateRama) -- Atlanta realestate professional and REO specialist Cindy Simpson was named 2009 winner ofthe Top of The Rock Award for top residential units for the U.S. South region. TheCindy Simpson REO Team is based out of Prudential Georgia Realty’s Cobb/Roswelloffice and handles REO transactions all over metro Atlanta. Prudential Real Estate andRelocation Services is a company of Prudential Financial, Inc. [NYSE:PRU].
Cordray Statement on Sentencing of Mortgage Broker
COLUMBUS, OH - May 19, 2010 - (RealEstateRama) -- In a case symbolic of the nation’s foreclosure crisis, a mortgage broker was sentenced today in Cuyahoga County for orchestrating a mortgage fraud scheme that involved $5.8 million in bogus loans and 78 homes in Cleveland’s Slavic Village.
Important Update on Mortgage Loan Originator Licensing in Georgia
May 20, 2010 - (RealEstateRama) -- The Georgia Department of Banking and Finance (Department) has just received confirmation from the U.S. Housing and Urban Development (HUD), the federal administrator of the S.A.F.E. Mortgage Licensing Act of 2008, that individuals may continue to conduct business as mortgage loan originators without being licensed until the close of business on July 31, 2010. Therefore, in an effort to minimize possible interruptions in employment the Department will allow loan originators lawfully employed by Georgia mortgage brokers and lenders to continue to work in the industry until the close of business on July 31, 2010, unless they have been notified otherwise by the Department
Four Arrested, Five Wanted for Fleecing Hundreds of Homeowners Seeking Foreclosure Relief
LOS ANGELES, CA - May 20, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. today announced that nine men engaged in a Southern California boiler room, tricked out in high-roller style with a roulette wheel and other casino equipment, have been charged with 97 criminal counts for stealing at least $2.3 million from more than 1,500 desperate homeowners who were promised loan modifications but received no relief.
Division of Mortgage Lending issues fines and takes enforcement action in 10 matters
Las Vegas, NV - May 19, 2010 - (RealEstateRama) -- The Division of Mortgage Lending continues to diligently enforce mortgage lending laws by disciplining 10 entities for various violations of those laws.
California Housing Affordability Increases in First Quarter, CBIA Announces
SACRAMENTO, CA - May 20, 2010 - (RealEstateRama) -- Housing affordability in California increased overall in the first quarter of 2010, but 13 of the state’s 28 metropolitan areas included in the report saw decreases, the California Building Industry Association said today.
C.A.R. calls for swift passage of SB 1178 extending anti-deficiency protection for consumers
LOS ANGELES, CA - May 20, 2010 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is calling on California state senators to vote “yes” and approve SB 1178 (D-Corbett), which will extend anti-deficiency protection for consumers who have refinanced their original mortgage loans and now are facing foreclosure. C.A.R. is the sponsor of the legislation
Mortgage Broker Faces Fraud Charges in Connection with Alleged Mortgage Fraud Scheme
SALT LAKE CITY, UT - May 19, 2010 - (RealEstateRama) -- A federal grand jury returned a 15-count indictment Wednesday afternoon charging Joshua Lee Butcher, age 28, of Salt Lake City, with bank fraud and false statements to a financial institution in what the indictment alleges was a scheme to get construction loans approved using false pretenses.
Governor Martin O’Malley Signs Legislation Helping Marylanders Keep their Homes
ANNAPOLIS, MD - May 20, 2010 - (RealEstateRama) -- Governor Martin O’Malley joined Lt. Governor Anthony Brown, Senate President Thomas V. Mike Miller Jr., and House Speaker Michael E. Busch in signing a tough new law bringing mortgage giants to the table when beginning a foreclosure proceeding in Maryland. This morning, Governor O’Malley met over breakfast with more than 200 faith leaders, acknowledging their efforts in foreclosure prevention outreach and their role moving forward under this new legislation.
59 PERCENT OF HOMEOWNERS WITH A MORTGAGE WOULD NOT CONSIDER WALKING AWAY FROM THEIR...
SAN FRANCISCO, CA - May 20, 2010 - (RealEstateRama) -- Trulia.com, smart real estate search to help you make better decisions, and RealtyTrac, the leading online marketplace for foreclosure properties, today released the latest results of an ongoing survey tracking home buyers’ attitudes towards foreclosures. The new online survey conducted on their behalf from May 10-12, 2010 by Harris Interactive® showed a notable decrease in consumers’ willingness to buy foreclosed properties compared to one year ago. Currently, 45 percent of U.S. adults age 18 and above are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 55 percent of U.S. adults age 18 and above surveyed online by Harris Interactive® between May 1-5, 2009.
