Monthly Archives: September 2010

Washington, D.C. - September 10, 2010 - (RealEstateRama) -- Today, Representative John Conyers, Jr. (D-Mich.) issued the following statement encouraging eligible affordable housing entities to apply for two recently announced grants from the Department of Housing and Urban Development. Appearing in today’s Federal Register are the Notices of Funding Availability, the federal application, for two revitalization initiatives: The Choice Neighborhoods Planning or Implementation Grants for FY 2010 and the HOPE VI FY 2010. Both applications can be accessed at www.grants.gov.

Minneapolis, MN - September 10, 2010 - (RealEstateRama) -- Minneapolis Mayor R.T. Rybak and U.S. Representative Keith Ellison announced today that the City of Minneapolis has won an additional $2.7 million from the U.S. Department of Housing and Urban Development (HUD) to acquire and redevelop foreclosed properties in neighborhoods impacted by foreclosure, as part of the third round of Neighborhood Stabilization Program (NSP3) funds

BOLTON, MS - September 10, 2010 - (RealEstateRama) -- Today, United States Representative Bennie G. Thompson (D-MS) announced The United States Department of Housing and Urban Development has awarded $5,438,712to Mississippi to reduce damages from future disasters

EUGENE, OR - September 10, 2010 - (RealEstateRama) -- IDX, Inc. and Michael Miguelez have teamed up to bring concise, easy to search Metrolist Denver (MTOMLS) listings to home seekers around Denver, Colorado. Miguelez and his dynamic real estate search page now seamlessly integrate the properties he represents as well as the unique MTOMLS listings, which covers almost every property in Denver. Potential buyers can now quickly and easily scan thousands of properties without ever having to leave the website of Miguelez

Washington, D.C. - September 10, 2010 - (RealEstateRama) -- Speaker Pelosi released the following statement following the Obama Administration’s announcement of $1 billion in Neighborhood Stabilization Program funds for states and local communities to prevent and reduce neighborhood blight and provide affordable housing to many communities across America

Washington, DC - September 10, 2010 - (RealEstateRama) -- Loan modifications and refinancings by Fannie Mae and Freddie Mac were up in the second quarter as the volume of permanent modifications under the Administration’s Home Affordable Modification Program (HAMP) increased 65 percent while refinancings under the Home Affordable Refinance Program (HARP) increased by 30 percent. The data were released in FHFA’s Second Quarter 2010 Foreclosure Prevention & Refinance Report, which includes data on all of the Enterprises’ foreclosure prevention efforts.

Washington, DC - September 8, 2010 - (RealEstateRama) -- Today, U.S. Congresswoman Gwen Moore (D-Milwaukee) lauded an announcement that Milwaukee will receive nearly $2.7 million to help neighborhoods fix and maintain properties that are vacant due to foreclosure.

COLUMBUS, OH - September 8, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board approved the use of $500,000 to create a loan fund for the "Ohio Habitat Investment Partnership" in the August Board meeting.

WASHINGTON, DC - September 9, 2010 - (RealEstateRama) -- New Jersey's U.S. Senators, Robert Menendez and Frank Lautenberg, today applauded the U.S. Department of Housing and Urban Development's announcement that it has awarded New Jersey communities $11,641,549 million in additional funding to help minimize the negative effects of the foreclosure crisis.

Vancouver, WA - September 8, 2010 - (RealEstateRama) -- Reserved space is still available for Clark County’s Aging Readiness task force workshop next week, when the panel will seek public ideas and professional expertise about the community’s current situation and future needs regarding housing.

Takoma Park, MD - September 9, 2010 - (RealEstateRama) -- Montgomery Housing Partnership (MHP), a private nonprofit housing developer, was joined by County Executive Isiah Leggett September 8, to cut the ribbon on the grand re-opening of its newly renovated Gilbert Highlands development. The project is the first housing development in Maryland to open after utilizing funding from the American Recovery & Reinvestment Act of 2009. The $5.34 million renovation, which began last November, created 28 jobs. Federal, state and local officials were on hand to tour the renovation, which was hailed as a model for the other 28 stimulus funded projects currently underway in the state.

September 9, 2010 - (RealEstateRama) -- The city of Phoenix Planning and Development Services Department will offer money-saving incentives to promote “green” construction in homes and businesses beginning Oct 1. The Green Building Incentives Program is funded by a $700,000 grant from the U.S. Department of Energy

Tucson, AZ - September 9, 2010 - (RealEstateRama) -- Arizona received approximately $45.4 million yesterday from the Department of Housing and Urban Development’s Neighborhood Stabilization Program (NSP), which the state can use to purchase foreclosed homes at a discount and rehabilitate or redevelop them. The money was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act

New Haven, CT - September 9, 2010 - (RealEstateRama) -- Congresswoman Rosa L. DeLauro (CT-3) announced today that the city of New Haven was selected to receive a grant of $1,041,579 through the Department of Housing and Urban Development’s Neighborhood Stabilization Program. Originally funded through the American Recovery and Reinvestment Act (ARRA), these funds are part of an additional $1 billion that have been made available through the Dodd-Frank Wall Street Reform and Consumer Protection Act

Tampa, FL - September 9, 2010 - (RealEstateRama) -- Because September is National Preparedness Month (NPM), the Institute for Business & Home Safety (IBHS) is offering simple, inexpensive ways home and business owners can prepare their property to better withstand many different kinds of natural disasters

TALLAHASSEE, FL - September 9, 2010 - (RealEstateRama) -- Florida CFO Alex Sink announced today the culmination of an extensive insurance fraud investigation with the arrest of Luis M. Espinosa, 60, and Rene M. Cambert, 55, on eight first degree felony counts each for filing false or misleading financial statements for First Commercial Insurance Company (FCIC) and its affiliated company, First Commercial Transportation and Property Insurance Company (FCTPIC) with the Florida Office of Insurance Regulation (OIR). Espinosa was the president and CEO and Cambert was the vice president and chief operating officer of FCIC/ FCTPIC at the time the companies were ordered into receivership for liquidation in 2009. Each felony count carries a potential 30-year sentence.

September 9, 2010 - (RealEstateRama) -- The 31-year-old part owner of Legacy Lending was sentenced yesterday in federal court in St. Paul for participating in a mortgage fraud scheme that involved 37 separate real estate transactions and $20 million in loan proceeds. United States District Court Judge Richard H. Kyle sentenced Thomas John Hunter, of Maple Grove, to 40 months in prison on one count of wire fraud and one count of money laundering in connection to the crime. He also was ordered to pay $228,711.43 in restitution. Hunter was charged on January 26, 2010, and pleaded guilty on March 2, 2010

EUGENE, OR - September 9, 2010 - (RealEstateRama) -- IDX, Inc. and Jason Hicks of Symphony Realty have joined forces to bring home seekers around Fort Hood, Texas a unique online property search experience. With the new IDX Broker software enabled on the website of Hicks, potential buyers in the area can explore the Fort Hoot MLS (FHAARMLS) listings from the convenience of his easy-to-use real estate search page. Hicks and his website make finding a home efficient, simple and fun. Never before has the online home search process been more effective for Texas home buyers, than now with Hicks and his IDX synced search page.

Washington, DC - September 9, 2010 - (RealEstateRama) -- Congressman John Barrow (GA-12) announced today that Savannah and Augusta will receive a combined $2.18 Million in funding to reverse the effects of the foreclosure crisis. The City of Savannah will receive $1,027,553 and Augusta-Richmond County will receive $1,161,297. The grants announced today will provide targeted emergency assistance to state and local governments to acquire, redevelop, or demolish foreclosed properties.

SACRAMENTO, CA - September 9, 2010 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D-Sacramento) announced that the Sacramento area will receive $8.2 million in Federal funding to help support and stabilize our local housing market. Funding will be used to purchase and redevelop foreclosed and abandoned homes. The funding was made available by the Department of Housing and Urban Development’s (HUD) as part of the third round of grant funding announcements under the Neighborhood Stabilization Program (NSP3), and includes $4.5 million for Sacramento County and $3.7 million for the City of Sacramento. NSP3 funding is designed to assist communities that have suffered from high rates of home foreclosures and abandonment

EUGENE, OR - September 9, 2010 - (RealEstateRama) -- Antelope Valley MLS (ANTV) listings are now synced directly with real estate broker Jared Erfle and his search page. IDX, Inc. has enabled his website with their dynamic IDX Broker software, giving his professional website a leg up on his competition by offering his clients a thorough and easy-to-use online property search. Home seekers can now browse thousands of listings from the comfort of their own home and the convenience of the unique real estate website of Erfle

Lewis Center, OH - September 9, 2010 - (RealEstateRama) -- Real Property Management, an Associa company, has been named “Best Property Management Company” in Columbus C.E.O. magazines’ annual reader poll of the best business products and services in the Columbus area in 70 different categories.

McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). While the 30-year fixed-rate mortgage rate and the 5-year adjustable rose slightly, other rates remained flat or fell lower.

McLean, VA – Freddie Mac (OTC: FMCC) announced today that it priced its new 1.75% $5 billion five-year USD Reference Notes® security due on September 10, 2015. The issue, CUSIP number 3137EACM9, was priced at 99.714 to yield 1.81%, or 29.5 basis points more than five-year U.S. Treasury Notes. The issue will settle on Friday, September 10, 2010.

McLean, VA - September 9, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), multifamily mortgage-backed securities that help provide liquidity, stability and affordability to the nation's multifamily housing market. The company expects to offer approximately $1 billion in K Certificates ("K-008 Certificates"), which are expected to price on or about September 15, 2010, and settle on or about September 23, 2010

September 9, 2010 - (RealEstateRama) -- Carolynn Ozar-Diakon, broker-owner of Resources Real Estate in Rumson, New Jersey, proudly announced today that Thomas McCormack, a broker-salesperson with the company for over eight years, has become a partner and co-owner of the company. McCormack will manage the Rumson office while continuing to service his clients."Tom's past experience and skill set has proven very effective for him in real estate", said Diakon, "I am excited that he will bring this to his new role as manager and I look forward to working together as partners in Resources’ growth."

Virginia City, NV - September 9, 2010 - (RealEstateRama) -- An elegant property with an intriguing past, Virginia City’s lovingly restored Tahoe House Hotel is a turn-key business now offered by Chase International for $2,890,000.The Tahoe House Hotel is located in the heart of this popular Comstock town that draws throngs of history-seeking visitors year round. Built in 1859, the upscale hotel was frequented by the young Samuel Clemens (aka Mark Twain) who wrote for the city’s Territorial Enterprise newspaper.

September 9, 2010 - (RealEstateRama) -- The Federal Reserve Board on Thursday announced the agenda and panelists for the third of four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The event will be held Thursday, September 16, at the Federal Reserve Bank of Chicago. Those who want to attend the hearing should register in advance online.

WASHINGTON, D.C. - September 9, 2010 - (RealEstateRama) -- The cast of the Emmy-winning television comedy series "Glee," Chef Emeril Lagasse, Super Bowl-winning quarterbacks Eli and Peyton Manning, and other celebrities have joined forces with the Home Builders Association of Greater New Orleans, an affiliate of the National Association of Home Builders, to help Louisiana families hit hard by the oil spill in the Gulf with a celebrity shrimp boot fundraiser.Plain white shrimp boots have been decorated and autographed by celebrities from sports, music, television, Broadway, the media and more to be raffled off at the inaugural New Orleans Home and Interior Design Show at the Morial Convention Center in New Orleans Sept. 17-19. Raffle proceeds will go to the Catholic Charities' Oil Spill Relief Fund, which is running out of money according to Co-president Gordon R. Wadge

PALM DESERT, CA - September 9, 2010 - (RealEstateRama) -- Coldwell Banker Residential Brokerage is pleased to announce Lesli Anne Lagerberg, a 15-year real estate veteran, has joined the Palm Desert office. Prior to selling real estate, Lagerberg worked in the title insurance and escrow industry, giving her the knowledge and skills necessary to become a successful real estate agent.