Titus Statement on Approval of State Plan for Hardest Hit Funds
Washington, D.C. - June 23, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada’s Third District applauded the Obama administration’s approval of Nevada’s state plan to use $102.8 million for foreclosure prevention.
Three in New Jersey Arrested and Charged in Foreclosure Rescue Scheme
NEWARK, NJ - June 22, 2010 - (RealEstateRama) -- Three members of an alleged mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit were arrested this morning on wire fraud conspiracy charges, U.S. Attorney Paul J. Fishman announced.
Buffalo Municipal Housing Authority Official Pleads Guilty to Corruption Charge
BUFFALO, NY - June 22, 2010 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that John J. Fischer, Jr., 50, of Getzville, New York, pleaded guilty before U.S. District Judge Richard J. Arcara, to a felony charge of extortion by color of official right.
Realtor Marilyn Sherlock Makes the Switch to Prudential Georgia Realty
Canton, GA - June 22, 2010 - (RealEstateRama) -- Realtor Marilyn Sherlock recentlymade the switch to Prudential GeorgiaRealty. She is based out of Prudential Georgia Realty’s Cherokee office,located on Riverstone Parkway in Canton
Double-Digit Home Sales Gains Continue in Illinois Statewide Median Price Up 0.6 Percent
SPRINGFIELD, IL - June 22, 2010 - (RealEstateRama) -- Illinois home sales activity in May increased for the ninth consecutive month and it was the third month of positive year-over-year price movement in 2010. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in May 2010 were up 27.1 percent, totaling 11,638 homes sold compared to May 2009 sales of 9,159 homes. The median price in May 2010 was $157,000, up 0.6 percent from $156,000 in May 2009. The median is a typical market price where half the homes sold for more, half sold for less.
General Assembly Takes Action in Special Session to Help Neighborhoods and Homeowners Affected by...
June 22, 2010 - (RealEstateRama) -- Senate President Donald E. Williams, Jr. (D-Brooklyn) says action taken today in special session by the General Assembly will help neighborhoods and homeowners in Connecticut cope with the effects of the mortgage foreclosure crisis.
calREDD Multiple Listing Service launches at Amador County Association of REALTORS
LOS ANGELES, CA - June 22, 2010 - (RealEstateRama) -- calREDD® today announced that members of the Amador County Association of REALTORS® now can view properties for sale, place listings, prepare CMAs, and access agents for referrals via calREDD®, the multiple listing service(MLS), which officially launched in Jackson, Calif., today
Grassley, Bond Work for Accountability with Stimulus Dollars for Housing
WASHINGTON,DC - June 22, 2010 - (RealEstateRama) -- Senators Chuck Grassley and Kit Bond have sent a letter to the Secretary of the Department of Housing and Urban Development, or HUD, reiterating their concerns about possible waste, fraud and abuse in the Department’s distribution of stimulus funds to troubled Public Housing Authorities.
Tenth Annual Housing Fair and Financial Fitness Day Planned; Sponsors and Exhibitors Invited
June 22, 2010 - (RealEstateRama) -- The Montgomery County Department of Housing and Community Affairs (DHCA) invites housing providers, businesses, banks, credit unions, realtors, government agencies, community organizations, and nonprofits to be sponsors and exhibitors at the annual Housing Fair. The fair will take place on Saturday, October 2 from 10 a.m. to 3 p.m. at the Bohrer Park Activity Center, Summit Hall Farm, 506 S. Frederick Avenue, Gaithersburg.
PATRICK-MURRAY ADMINISTRATION PLEDGES $189.9 MILLION IN RESOURCES TO CREATE, PRESERVE 1,786 NEW RENTAL HOMES
BOSTON, MA - June 22, 2010 - (RealEstateRama) -- As part of the Patrick-Murray Administration's ongoing commitment to boost affordable housing production, create jobs and foster economic growth, Governor Deval Patrick today pledged more than $189.9 million in resources leveraged from various affordable housing programs and private investment to support the construction of 32 rental developments in 19 communities across the state which will yield an estimated 2,400 construction jobs."By investing this targeted blend of public and private resources to spur housing development, we are creating jobs, boosting local businesses, strengthening communities and building a better, stronger Commonwealth," said Governor Patrick.
Congressman Thompson Announces Funding Availability For The Department of Housing and Urban Development’s Community...
BOLTON, MS - June 22, 2010 - (RealEstateRama) -- Today, United States Representative Bennie G. Thompson (D-MS) announced HUD’s $40 million Community Challenge Planning Grant Program, which will foster reform and reduce barriers to achieving affordable, economically vital, and sustainable communities. Such efforts may include amending or replacing local master plans, zoning codes, and building codes, either on a jurisdiction-wide basis or in a specific neighborhood, district, corridor, or sector to promote mixed-use development, affordable housing, the reuse of older buildings and structures for new purposes, and similar activities with the goal of promoting sustainability at the local or neighborhood level. HUD’s Community Challenge Planning Grant Program also supports the development of affordable housing through the development and adoption of inclusionary zoning ordinances and other activities such as acquisition of land for affordable housing projects
Congressman Thompson Announces Funding Availability For The Department of Housing and Urban Development’s Community...
BOLTON, MS - June 22, 2010 - (RealEstateRama) -- Today, United States Representative Bennie G. Thompson (D-MS) announced HUD’s $40 million Community Challenge Planning Grant Program, which will foster reform and reduce barriers to achieving affordable, economically vital, and sustainable communities. Such efforts may include amending or replacing local master plans, zoning codes, and building codes, either on a jurisdiction-wide basis or in a specific neighborhood, district, corridor, or sector to promote mixed-use development, affordable housing, the reuse of older buildings and structures for new purposes, and similar activities with the goal of promoting sustainability at the local or neighborhood level. HUD’s Community Challenge Planning Grant Program also supports the development of affordable housing through the development and adoption of inclusionary zoning ordinances and other activities such as acquisition of land for affordable housing projects
Grassley, Bond Work for Accountability with Stimulus Dollars for Housing
WASHINGTON, DC - June 22, 2010 - (RealEstateRama) -- Senators Chuck Grassley and Kit Bond have sent a letter to the Secretary of the Department of Housing and Urban Development, or HUD, reiterating their concerns about possible waste, fraud and abuse in the Department’s distribution of stimulus funds to troubled Public Housing Authorities.
Quicken Loans Ranks #7 On Computerworld’s 2010 ‘100 Best Places to Work in Technology’
June 22, 2010 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online retail mortgage lender, today announced it has placed seventh in Computerworld Magazine’s “100 Best Places to Work in Technology” study. This is the sixth consecutive year Quicken Loans is listed in the magazine’s annual survey, ranking among the top-15 each year.
REVERSE MORTGAGE COULD BE THE RIGHT ANSWER FOR CASH-STRAPPED SENIOR
Silver Spring, MD - June 22, 2010 - (RealEstateRama) -- Many older Americans find themselves house rich and cash poor. They own their home, or at least have significant equity in it, yet struggle to make ends meet each month. They could sell their home, but are not inclined to move and leave their memories behind.
MBA Analysis: Commercial and Multifamily Mortgage Debt Outstanding Declined 0.9 Percent in First Quarter...
Washington, DC - June 22, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the first quarter, to $3.31 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data
Bucks County Mortgage Broker Pleads Guilty to Fraud Scheme that Resulted in Foreclosures
PHILADELPHIA, PA - June 21, 2010 - (RealEstateRama) -- Frank J. Dattilo, 64, of Holland, PA, pleaded guilty today to two counts of mail fraud in connection with a scheme to defraud mortgage lenders and enrich himself. Dattilo was the owner and operator of the mortgage brokerage firm Provident Financial Group (“PFG”), which was located in Bensalem, PA.
USDOT and HUD Launch Groundbreaking, Collaborative Effort to Create Sustainable, Livable Communities
WASHINGTON, D.C. - June 22, 2010 - (RealEstateRama) -- U.S. Transportation Secretary Ray LaHood and U.S. Housing and Urban Development Secretary Shaun Donovan today announced a groundbreaking collaborative effort designed to help foster planning for more livable, sustainable communities – places where transportation, housing and commercial development investments are coordinated to better serve the people living in those communities.
OBAMA ADMINISTRATION UNVEILS NATIONAL STRATEGIC PLAN TO PREVENT AND END HOMELESSNESS
WASHINGTON, Dc - June 22, 2010 - (RealEstateRama) -- Today, the lead Cabinet secretaries from the United States Interagency Council on Homelessness (USICH) – from the U.S. Departments of Housing and Urban Development (HUD), Labor (DOL), Health and Human Services (HHS), and Veterans Affairs (VA) – joined Executive Director of the USICH Barbara Poppe to unveil and submit to the President and Congress the nation’s first comprehensive strategy to prevent and end homelessness. Domestic Policy Council Director Melody Barnes accepted the plan on behalf of President Barack Obama. The full report, titled Opening Doors:
USGBC Teams Up with Harvard University’s 2010 Report “The State of the Nation’s Housing”
Washington, DC - June 22, 2010 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) has co-sponsored a report from the Joint Center for Housing Studies of Harvard University entitled The State of the Nation’s Housing 2010, which studied the affordability, energy and location efficiency within the existing U.S. housing stock. For the first time, the report also looked at the utility and transportation costs associated with current trends in the residential real estate market, finding that housing can be made more affordable through efficiency upgrades.
May Shows a Continued Strong Pace for Existing-Home Sales
Washington, DC - June 22, 2010 - (RealEstateRama) -- Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.
Obama Administration Introduces Monthly Housing Scorecard
WASHINGTON, DC - June 22, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation’s housing market. Each month, the scorecard will incorporate key housing market indicators and highlight the impact of the Administration’s unprecedented housing recovery efforts, including assistance to homeowners through the Federal Housing Administration (FHA) and the Home Affordable Modification Program (HAMP). This scorecard contains key data on the health of the housing market including
U.S. Monthly House Price Index Rises 0.8 Percent from March to April
WASHINGTON, DC - June 22, 2010 - (RealEstateRama) -- U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent increase in March was revised to a 0.1 percent increase. For the 12 months ending in April, U.S. prices fell 1.5 percent. The U.S. index is 12.8 percent below its April 2007 peak
Fannie Mae and Freddie Mac Loan Modifications and Refinancings Increase Significantly In First Quarter
Washington, DC - June 22, 2010 - (RealEstateRama) -- Loan modifications and refinancings by Fannie Mae and Freddie Mac increased significantly in the first quarter as the volume of permanent modifications under the Administration’s Home Affordable Modification Program (HAMP) tripled, and refinancings steadily grew under the Home Affordable Refinance Program (HARP). Loans 60-plus-days delinquent also declined for the first time in two years. The data were released in FHFA’s First Quarter 2010 Foreclosure Prevention & Refinance report, which includes data on all of the Enterprises’ foreclosure prevention efforts.
Poll Shows Lower Mortgage Rates Would Help Housing
Destin, FL - June 22, 2010 - (RealEstateRama) -- A huge majority of those surveyed in the latest Housing Predictor opinion poll say that lower mortgage rates would help the housing market. The 30-year fixed rate mortgage has been at or near its record low for months, while the Federal Reserve keeps its rate near 0 in efforts to re-energize the real estate market.
NIXON PEABODY EXPANDS REAL ESTATE PRACTICE
Washington D.C. - June 22, 2010 - (RealEstateRama) -- International law firm Nixon Peabody LLP announces the arrival of Ross. E. Eichberg as a real estate partner based in the firm’s Washington D.C. office. He joins Nixon Peabody from Patton Boggs LLP
SUSAN G. KOMEN FOR THE CURE AND RE/MAX LAUNCH HOME FOR THE CURE
Denver, CO - June 22, 2010 - (RealEstateRama) -- For thousands of people passionate about finding a cure for breast cancer, there is now a way to turn their home sale or purchase into a contribution to one of the most prominent cancer foundations in the U.S., Susan G. Komen for the Cure
Local Las Vegas Real Estate School of Nevada for Nevada Real Estate Licensing offers...
Las Vegas, NV - June 22, 2010 - (RealEstateRama) -- Real Estate School of Nevada, a Nevada Real Estate Licensing School and leader in Nevada Real Estate Education, is promoting a limited time Summer Special offering a $199.00 course to compete the required study to obtain a Nevada Real Estate License
Congressman Rubén Hinojosa Announces Over $6 Million in HUD Grants For Texas District 15...
Washington, DC - June 21, 2010 - (RealEstateRama) -- U.S. Rep. Rubén Hinojosa (TX-15) announced the U.S. Department of Housing and Urban Development has awarded a total of $6,429,105 to Public Housing Agencies in his Congressional Texas District 15.
Congressman Rubén Hinojosa Announces $128,385.00 Grant for 25 Homeless Veterans in Harlingen
Washington, D.C - June 21, 2010 - (RealEstateRama) -- U.S. Rep. Rubén Hinojosa (TX-15) announced the Harlingen Housing Authority will receive $128,385,000 from the U.S. Department of Housing and Urban Development-Veterans Affairs Supporting Housing (HUD-VASH) to provide rental assistance for homeless veterans living in Harlingen.
