Monthly Archives: July 2010

July 21, 2010 - (RealEstateRama) -- Pursuant to P.L. 2009, ch. 402, An Act to Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures, parties to foreclosure mediation must complete in full the Net Present Value (NPV) Worksheet developed by the Federal Deposit Insurance Corporation (FDIC). To complete the FDIC NPV, the parties are required to produce information about the borrower’s monthly gross income, terms of the original loan, status of the delinquent loan, property value, among other specific inputs related to projected costs of foreclosure.

Las Vegas, NV - July 21, 2010 - (RealEstateRama) -- Richard Ballen, Las Vegas Short sale Specialist uses comprehensive Las Vegas Short Sale System for Las Vegas, Henderson, and North Las Vegas Short Sales leading to Bank of America Short Sale Approval waiving the deficiency for the seller

Taos, NM - July 21, 2010 - (RealEstateRama) -- Your email signature is your daily communication with friends, family, co-workers, vendors and your customers. Each and every email communication should be treated as a potential source of business that is targeted at keeping your products and services in the forefront of your recipients minds. Doing so can greatly increase your business and your overall image as a leader in your industry

MADISON, WI - July 21, 2010 - (RealEstateRama) -- Governor Jim Doyle today announced Homeless Assistance Program awards totaling $5,559,642 to 176 organizations across Wisconsin for emergency shelter, homeless prevention, transitional housing and supportive service programs.

CORSICANA, TX - July 21, 2010 - (RealEstateRama) -- The fourth member of a multi-county mortgage fraud scheme today pleaded guilty to a first-degree felony for his role in a multimillion dollar enterprise that defrauded government-backed mortgages.

Albany, NY - July 21, 2010 - (RealEstateRama) — The Views at Rocky Glen in the Town of Fishkill officially opened recently when DHCR Assistant Commissioner Lynn Kopka joined local officials, residents, the Community Preservation Corporation, and Ken and Larry Regan of Regan Development to cut the ribbon and welcome residents to their new, affordable [...]

Washington, D.C. - July 21, 2010 - (RealEstateRama) -- Today, U.S. Senator Patty Murray (D-WA) included major funding in the Fiscal Year 2011 Senate Transportation, Housing, and Urban Development (THUD) Appropriations bill to help families in Washington state and across the country who are suffering in the current foreclosure crisis

Permanent modifications disappoint, as cancellations trend substantially higher. Washington DC - July 21, 2010 - (RealEstateRama) -- The Treasury Department and HUD released the latest numbers for the Home Affordable Modification Program (HAMP). Nearly 400,000 homeowners have been granted a permanent modification under the program, which compares to over 5.3 million foreclosure filings since the HAMP program began in March of 2009, according to numbers from Realty Trac. Trial modifications canceled exceeded permanent modifications by 122,793 in June, compared to May when 83,000 more trial modifications were canceled than made permanent.

Albany, NY- July 20, 2010 - (RealEstateRama) -- The New York State Association of REALTORS, in partnership with the Siena Research Institute (SRI) released the first-ever quarterly New York State Consumer Real Estate Sentiment scores for the 2010 second quarter.

Regulators Must Fulfill Spirit and Intent of Bill. Washington, DC - July 21, 2010 - (RealEstateRama) -- Today, John Taylor, president and CEO of the National Community Reinvestment Coalition (NCRC), will join President Obama for the signing ceremony of the financial reform bill. Taylor made this statement prior to the ceremony

ASHINGTON, DC - July 21, 2010 - (RealEstateRama) -- Concerns about the global economic recovery, including lingering worries regarding European sovereign debt, and increasing caution at home among private employers and consumers are evidence of the tenuous nature of the current economic recovery, according to the July 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. The group has revised its projected growth for 2010 to 2.8 percent from 3.2 percent, and remains on guard for a setback amidst increased uncertainty and downside risks.

Fort Lauderdale, FL - July 21, 2010 - (RealEstateRama) -- Bank of America Home Loans has opened a new customer outreach center in Fort Lauderdale to serve customers in the South Florida area. Bank of America homeownership retention specialists will be meeting face to face with financially troubled mortgage customers who are having difficulty making their monthly payments. Dedicated associates are also available to help customers facing hardship with their auto loans, credit cards and personal loans

WASHINGTON, DC - July 21, 2010 - (RealEstateRama) -- July 19, 2010) The Building Owners and Managers Association (BOMA) International has released Retail Buildings: Standard Methods of Measurement (ANSI/BOMA Z65.5-2010), a new measurement standard that provides a uniform methodology for computing, communicating and comparing the measurement of shopping centers, providing an unequivocal direct measure of the physical size of the floor area of a retail building. The standard is designed to serve the interests of building owners, managers and occupants as well as facility managers, brokers, appraisers, assessors, lenders, insurers, developers, construction and design professionals and others.

WASHINGTON, DC - July 21, 2010 - (RealEstateRama) -- Families with children are now able to live without restrictions at a Pompano Beach, Florida housing development under a voluntary agreement between the U.S. Department of Housing and Urban Development (HUD), Cornerstone Residential Management, Inc., and the Oaks at Pompano, Ltd. The agreement will improve and increase the affordability of multifamily housing in their area and provide $30,000 in rental assistance to families with children. The firms will also make family-friendly improvements to their properties and donate $20,000 to a fair housing organization

CALABASAS, CA - July 21, 2010 - (RealEstateRama) -- Through the first half of 2010, Bank of America has completed mortgage modifications providing homeownership retention solutions for about 160,000 homeowners who face difficulties in making their monthly payments due to economic conditions. That brings the bank’s total of modified home loans to 650,000 since January 2008.

Washington, DC - July 21, 2010 - (RealEstateRama) -- The U.S. Department of Energy today announced 15 research and deployment partnerships to help dramatically improve the energy efficiency of American homes. These highly-qualified, multidisciplinary teams will receive a total of up to $30 million for the initial eighteen months of the projects to deliver innovative energy efficiency strategies to the residential market and address barriers to bringing high-efficiency homes within reach for all Americans. A total of up to $20 million per year will also be made available for the partnerships for three potential one-year extensions. These research and deployment partnerships will provide technical assistance to retrofit projects and will leverage industry expertise and funding to support DOE's energy efficiency retrofit programs

Washington, DC - July 21, 2010 - (RealEstateRama) -- Applications are now being accepted for the Home Ownership Participation for Everyone Awards. The HOPE Awards is a national industry awards program that recognizes individuals and organizations for their outstanding contributions to increase and sustain minority homeownership.

LANSING, MI - July 20, 2010 - (RealEstateRama) -- Governor Jennifer M. Granholm today visited Harbor Habitat's 100th build in the Benton Harbor community and said volunteering to help build a home for others offers a rewarding opportunity.

July 20, 2010 - (RealEstateRama) -- Mayor Thomas M. Menino today announced that the Department of Neighborhood Development (DND) has recently been awarded a Permanent Housing Funding Bonus grant of more than $1 million by the U.S. Department of Housing and Urban Development (HUD) that will provide for permanent housing for 22 homeless families who are currently living in emergency shelter, or in hotels or motels

BOSTON, MA - July 20, 2010 - (RealEstateRama) -- Governor Deval Patrick today announced that MassHousing had its single greatest lending year in the agency's 44-year history by providing more than $838 million for affordable housing in fiscal year 2010.This landmark year shattered MassHousing's previous record of $753 million in overall lending set just last year. MassHousing has posted four consecutive record years for home mortgage lending and more than doubled its lending in fiscal 2010 for affordable rental housing.

July 20, 2010 - (RealEstateRama) -- Professional & Financial Regulation - Consumer Credit RegulationThe Maine Housing Counseling Network with assistance and support from the Bureau of Consumer Credit Protection, US Department of Housing and Urban Development and the MaineHousing continues its series of free Foreclosure Prevention Clinics this Thursday afternoon and evening in Sanford. The fourth in this series will be held next month in Bangor. Others taken place this summer in Augusta and Portland.

NORFOLK, VA - July 20, 2010 - (RealEstateRama) -- For Rent Media Solutions announces the launch of Snap and Go, the Microsoft® Tag mobile scanning feature available to front cover advertisers at no additional cost. Prospective renters can use this tag to scan a bar code on For Rent Magazine through the camera on their mobile phone, which brings them to their area’s apartment listings on the ForRent.com mobile site. The “Snap and Go” tag is a mobile media first in the multi-housing industry.

Washington D.C. - July 20, 2010 - (RealEstateRama) -- Joining a growing chorus of businesses, trades people and environmental and efficiency organizations, the Alliance to Save Energy today urged the Senate to include Home Star in its Small Business Jobs Bill, expected to hit the Senate floor this week

WASHINGTON, DC - July 20, 2010 - (RealEstateRama) -- Independent mortgage bankers and subsidiaries made an average profit of $606 on each loan they originated in the first quarter of 2010, down from $890 per loan in the fourth quarter of 2009 and $1,088 in the first quarter of 2009, according to the Mortgage Bankers Association (MBA)’s 1st Quarter 2010 Mortgage Bankers Production Survey released today

Washington, DC - July 20, 2010 - (RealEstateRama) -- The National Low Income Housing Coalition applauds the expected enactment of the Dodd-Frank Wall Street Reform and Consumer Protections Act (H.R. 4173), which has passed the House and Senate and is likely to be signed by President Obama this week. While the bill’s financial reform and consumer-protection provisions have been well documented, the act also includes housing provisions important to low income households and communities

July 20, 2010 - (RealEstateRama) -- Town & Country Real Estate is pleased to report that the North Fork Home Sales Report for the 2nd quarter 2010 demonstrates a solid rebound. JAMESPORT (which includes Aquebogue, Baiting Hollow and South Jamesport) leads the report with an outstanding 160% increase in the Number of Home Sales from 10 in 2nd quarter 2009 to 26 in 2nd quarter 2010. Additionally, JAMESPORT’S Total Home Sales Volume continues that ascend with a 169% increase from $3.8M to $10.2M in 2nd quarter 2009 to 2010 respectively. The Median Home Sales Price rose slightly (2.76%) from $370,000 to $380,200, year to year. Most of the activity occurred in the price category of under $500,000 where 24 of the 26 home sales occurred.

July 20, 2010 - (RealEstateRama) -- What a difference a year makes! It’s a wonderful thing to see Black dominate over Red! Town & Country Real Estate monitors 11 specific Hampton markets – each very different. We are pleased to report that in all 11 Hampton markets, the Number of Home Sales and Total Home Sales Volume saw increases – significant ones at that.

WASHINGTON, DC - July 20, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the second edition of the Administration’s Housing Scorecard showing that, thanks in part to interest rates continuing at all-time lows, home affordability in the U.S. remains near the most attractive levels in 10 years. In addition, for the first time, the report now tracks the impact of HUD’s Neighborhood Stabilization Program (NSP), which has spurred local investment and is beginning to make affordably-priced homes available to consumers. The Housing Scorecard is the Administration’s comprehensive report on the nation's housing market.

DEDHAM, MA - July 20, 2010 - (RealEstateRama) -- Bank of America Home Loans has opened a new customer outreach center in Dedham to serve customers in the Boston area and surrounding region. Bank of America homeownership retention specialists will be meeting face to face with financially troubled mortgage customers who are having difficulty making their monthly payments. Dedicated associates also are available to help customers facing hardship with their auto, credit cards and personal loans.

Washington, D.C. - July 20, 2010 - (RealEstateRama) -- At the world's first Clean Energy Ministerial, U.S. Energy Secretary Steven Chu today announced that the United States is helping launch more than 10 international clean energy initiatives. These initiatives will cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access to clean energy resources and jobs; and support women pursuing careers in clean energy. The new programs offer partners concrete, technical actions to promote economic growth while reducing greenhouse gas emissions and other pollutants. The initiatives will eliminate the need to build more than 500 mid-sized power plants world-wide in the next 20 years