Monthly Archives: August 2010

Homes on the Jersey Shore now IDX compatible and available to search online

EUGENE, OR - August 5, 2010 - (RealEstateRama) -- Long Branch, New Jersey real estate agent Bonnie Levy has adopted the IDX, Inc. dynamic IDX Broker software for her professional website, giving her an advantage over her competition and their real estate websites. With the addition of a customized IDX solution, the website of Levy syncs Monmouth Ocean MLS (MOMLS) with her properties to display the most comprehensive online property database around. Finding a home at the Jersey shore is easier than ever, thanks to the her IDX enabled website.

ATP OIL & GAS RENEWS 29,348 SF LEASE AT POST OAK PLACE

Houston, TX - August 5, 2010 - (RealEstateRama) -- ATP Oil & Gas Corporation (NASDAQ: ATPG) has renewed its office lease of 29,348 square feet at 4600 Post Oak Place, which is situated just one mile from Houston's Galleria Shopping Center.

CT Real Estate Investors Assn. (CT REIA) Announces Meeting with Mark Klee and Caryn...

West Hartford, CT - August 5, 2010 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Mark Klee and Caryn McKinney, is announcing the CT REIA August 2010 monthly Connecticut real estate investors meeting. This event will take place on Monday, August 16, from 5:30pm to 9:00pm, at the Crowne Plaza Hotel on 100 Berlin Road in Cromwell, CT. This event is free for CT REIA members, and $30 for non-members.

Governor Quinn Announces Illinois a Top Green Power-Purchasing State

U.S. EPA Ranks Illinois as Second-Highest Green Power Purchasing State CHICAGO, IL - August 5, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced that, for the first time ever, Illinois is ranked on the U.S. Environmental Protection Agency’s (EPA) list of the nation’s 50 largest green power purchasers. Illinois ranked 23 overall and second among state governments listed

Credit History Fraud Alleged in $3 Million Lee’s Summit Mortgage Scheme

KANSAS CITY, MO - August 5, 2010 - (RealEstateRama) -- Beth Phillips, United States Attorney for the Western District of Missouri, announced that a California woman and a Florida man were indicted by a federal grand jury today for their roles in a credit history fraud that allegedly contributed to a nearly $3 million mortgage fraud scheme in Lee’s Summit, Missouri.

Attorney General Coakley Provides Testimony to Securities and Exchange Commission Regarding How to Protect...

BOSTON, MA - August 5, 2010 - (RealEstateRama) -- Attorney General Martha Coakley today announced that she has provided testimony to the U.S. Securities and Exchange Commission (“SEC”) regarding how to better protect investors relating to the subprime mortgage investment crisis.

MBA Applauds Senate Passage of Bills to Help Stabilize FHA Multifamily and Single Family...

WASHINGTON, D.C. - August 5, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today lauded Senate passage of H.R. 5872, a bill to increase the Federal Housing Administration’s (FHA) multifamily commitment authority, and H.R. 5981, which would allow FHA to increase its annual premiums for its single family program. Both bills passed the Senate last night and will now go to the President for his signature

FHFA Sends Proposed Rule on Practice and Procedure to Federal Register

Washington, DC - August 5, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today sent a Notice of Proposed Rulemaking to the Federal Register on Rules of Practice and Procedure. The proposed rule would consolidate in FHFA the civil enforcement authorities of the Office of Federal Housing Enterprise Oversight (OFHEO), former safety and soundness regulator of Fannie Mae and Freddie Mac, and the Federal Housing Finance Board (FHFB), former regulator of the Federal Home Loan Banks

Mortgage Rates Down Again as GDP is Revised Lower

McLean, VA - August 5, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), with the 30-year and 15-year fixed-rate mortgages reaching record lows for this survey. (The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991.) The 5-year adjustable rate mortgage also reached its lowest level since Freddie Mac began tracking it in 2005

OBAMA ADMINISTRATION APPROVES STATE PLANS FOR $600 MILLION OF ‘HARDEST HIT FUND’ FORECLOSURE PREVENTION...

WASHINGTON, DC - August 5, 2010 - (RealEstateRama) -- State Housing Finance Agencies (HFAs) in North Carolina, Ohio, Oregon, Rhode Island and South Carolina can begin to use $600 million in foreclosure-prevention assistance from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets ("Hardest Hit Fund") under plans approved today by the Obama Administration. This assistance will support local initiatives to assist struggling homeowners in these five states that have high percentages of their population living in areas of economic distress due to unemployment.

New Dental Insurance Program Makes Realtors Smile

Washington, DC - August 5, 2010 - (RealEstateRama) -- After a successful first year of offering Realtors® Core Health Insurance, NAR’s new benefit, Realtors® Dental Insurance, is the next step in efforts to provide unique and valuable benefits to members and aims to help bridge the dental gap. Realtors® can obtain RDI through the National Association of Realtors®’ REALTOR Benefits® Program in partnership with Ameritas Group and SASid (Smart And Simple Insurance Development).

Iowa Finance Authority awards $62,000 from State Housing Trust Fund to support affordable homeownership...

Des Moines, IA - August 4, 2010 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors today approved $62,000 in grants to support Habitat for Humanity projects in Clinton and Perry. The funding is made available through the State Housing Trust Fund’s Project-Based program. The program provides financing for the development of affordable single-family and multifamily housing units.

Building Office Space for 6 Affinity Bars at Boston Bar Association (BBA)

August 4, 2010 - (RealEstateRama) -- "The new space will provide the Asian American Lawyers Association (AALAM) with a place to call home. Equally important, it will go a long way toward fostering ever closer relationships between AALAM, other affinity bar organizations, and the BBA for the benefit of the members that we serve.

Public information meetings scheduled on new flood maps for Kaua’i

LĪHU'E, HI - August 4, 2010 - (RealEstateRama) -- Important information on the new flood insurance rate maps developed by the Federal Emergency Management Agency (FEMA) will be discussed at upcoming meetings on Kaua'i

Sen. Brown Announces $172 Million For Foreclosure Prevention Assistance In Ohio

WASHINGTON, D.C. - August 4, 2010 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) announced that Ohio will receive $172 million in funding for foreclosure-prevention assistance from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets ("Hardest Hit Fund").

Rep. Foster Holds Realtors Roundtable

Batavia, IL - August 4, 2010 - (RealEstateRama) -- Today, Rep. Bill Foster (IL-14) held a meeting with area Realtors in his Batavia office to discuss their important role in growing our economy and creating jobs.

Consumers have new tool to check out mortgage lenders

Salem, OR - August 3, 2010 - (RealEstateRama) -- Starting this week, Oregonians looking to buy a home or refinance their mortgage can go online to see if a mortgage lender has met stringent new licensing standards.

U.S. Treasury Approves North Carolina’s Plan to Help Unemployed Avoid Foreclosure

Raleigh, NC - August 4, 2010 - (RealEstateRama) -- The North Carolina Housing Finance Agency announced today that the U.S. Treasury Department has approved the Agency’s plan to use $159 million of federal Hardest Hit Program funds to help North Carolinians who have suffered job loss or other financial hardships to save their homes from foreclosure.

Ohio Hardest-Hit Fund (Ohio HHF) plan approved by U.S. Department of Treasury

COLUMBUS, OH - August 4, 2010 - (RealEstateRama) -- The U.S. Department of Treasury today announced the approval of the Ohio Hardest-Hit Fund (Ohio HHF) plan.

Schumer Proposal Would Allow HUD To Increase the Size of Loans Guaranteed by FHA...

WASHINGTON, DC - August 4, 2010 - (RealEstateRama) -- Sen. Charles E. Schumer (D-NY) introduced legislation today that would increase the access to Federal Housing Administration (FHA) loan guarantees for mutli-family housing developments, by raising the cost per unit that FHA will insure for high-cost areas like New York.

HUD OFFICIAL JOINS ANCHORAGE MAYOR TO OPEN NEW SENIOR HOUSING

ANCHORAGE, AK - August 4, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Assistant Secretary Sandra B. Henriquez joined Anchorage Mayor Dan Sullivan today to celebrate the grand opening of Eklutna Estates, the newest senior housing development of the Cook Inlet Housing Authority (CIHA). The housing authority used $3.2 million of the $5.7 million it received from the 2009 American Recovery and Reinvestment Act to construct the new housing.

Quicken Loans Announces Sister Company Quizzle to Relocate to Detroit

Detroit, MI - August 4, 2010 - (RealEstateRama) -- Quicken Loans Inc. Chairman and Founder Dan Gilbert today announced that Quizzle LLC will be joining Quicken Loans when it moves to Detroit’s Compuware building later this month. Quizzle (www.quizzle.com), which has more than 500,000 registered users, is a free online tool that helps consumers better manage their personal finances.

Coldwell Banker Premier Realty Commercial Agent Honored Second Time as the U.S. Small Business...

Las Vegas, NV - August 4, 2010 - (RealEstateRama) -- Ron Opfer, Director of Commercial Real Estate Special Asset Solutions with Coldwell Banker Premier Realty, was chosen for the second time in as many years to represent The Small Business Administration (SBA) in the sale of another commercial property. The asset is a one-story office building of approximately 7,760 square feet, located at 145 Panama Street, Henderson, Clark County, Nevada (89015)

NAR and RESO Demonstrate Commitment to Establishing Commercial Real Estate Standards

Washington, DC - August 4, 2010 - (RealEstateRama) -- The Real Estate Standards Organization has formed a new commercial real estate workgroup designed to publish data standards for the commercial real estate market. The new workgroup, during a meeting at the National Association of Realtors®’ headquarters in Chicago, Ill., examined existing standards efforts and the current commercial sector business landscape

Mortgage Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - August 4, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 30, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 1.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.4 percent compared with the previous week

Thoughts Influence Power Snippets (TIPSs)

Atlanta, GA - August 4, 2010 - (RealEstateRama) -- August 2010 Georgia Realtor® focus much-deserved attention on the way women talk; to themselves and to other women in a new book titled Thoughts Influence Power Snippets™ (TIPSs). The book takes readers on a special journey appreciating their strengths, improving weaknesses and loving all their tendencies using 8 powerful and dynamic tools known as Snippets

NJ DOBI Commissioner Extends Processing Deadline to Transition Mortgage Licenses

TRENTON, NJ - August 2, 2010 - (RealEstateRama) -- New Jersey Department of Banking and Insurance (DOBI) Commissioner Tom Considine on July 27, 2010 extended the processing deadline for hundreds of mortgage bankers, brokers, solicitors and other lenders who are transitioning their licenses to comply with the new mortgage licensing law.

Mortgage lender to pay $4.5 million to settle housing allegations

Raleigh, NC - August 2, 2010 - (RealEstateRama) -- A mortgage lender will pay $4.5 million for its role in a scheme to sign consumers to loans they couldn’t afford on overpriced modular and manufactured homes, Attorney General Roy Cooper announced today.

Congressman Rubén Hinojosa Announces the House Financial Services Committee Passes Measure to Preserve Affordable...

Washington, DC - July 29, 2010 - (RealEstateRama) -- U.S. Rep. Rubén Hinojosa (TX-15) announced the House Financial Services Committee approved H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010

ASHI and IBTS Announce Their Support of the Home Star Initiative

Herndon, VA - July 30, 2010 - (RealEstateRama) -- The American Society of Home Inspectors (ASHI) and the Institute for Building Technology and Safety (IBTS) are pleased to announce their support for the Home Star initiative under consideration by the US Senate.

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families