Monthly Archives: September 2010

Washington, DC - September 2, 2010 - (RealEstateRama) -- Delinquency rates were mixed in the second quarter for commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report

WASHINGTON, D.C. - September 2, 2010 - (RealEstateRama) WHAT: MBA's 2010 Quality Assurance & Residential Underwriting Conference focuses on the best ways for residential mortgage professionals to improve their business processes.

WASHINGTON, D.C. - September 2, 2010 - (RealEstateRama) WHAT: MBA's 2010 Mortgage Operations Conference address all aspects of the mortgage production process and is essential to anyone involved in strategic planning for mortgage operations. Join industry professionals and learn about the most recent developments in:

WASHINGTON, DC - September 2, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that it is making approximately $110 million in grants available to help eliminate dangerous lead-based paint from lower income homes and to protect young children from lead poisoning. The grants to States and local governments are being offered through HUD’s Lead-Based Paint Hazard Control and Lead Hazard Reduction Demonstration Programs.

Washington, DC - September 2, 2010 - (RealEstateRama) -- Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors

Los Angeles, CA - September 1, 2010 - (RealEstateRama) -- George Russell of Charles Dunn Company’s West Los Angeles office negotiated the sale transaction of a 10,000-square-foot industrial property at 4521-25 W. Jefferson Blvd. in Los Angeles

LANSING, MI - September 1, 2010 - (RealEstateRama) -- Governor Jennifer M. Granholm today continued her effort to push the nation's largest banks to join other lending institutions and take part in the Helping Hardest Hit Homeowners Fund. Since announcing the availability of an additional $128.4 million in federal dollars for the fund earlier this month, Granholm has reached out to executives at Bank of America, Chase, Citigroup, PNC Bank and Wells Fargo, asking them directly to help prevent additional home foreclosures

DES MOINES, IA - September 1, 2010 - (RealEstateRama) -- Governor Chet Culver today announced awards of more than $181.6 million to build or rehabilitate 1,597 units of affordable housing. The awards were granted from the federal Low-Income Housing Tax Credit program (LIHTC) and Community Development Block Grant (CDBG) program.

SACRAMENTO, CA - September 1, 2010 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (CA-05) issued a letter in response to the most recent display of uncertainty by the Federal Housing Finance Agency (FHFA) in their handling of the Property Assessed Clean Energy (PACE) program – a program funded by the American Recovery and Reinvestment Act (ARRA) which could have provided thousands of good American jobs and helped meet our nation’s energy efficiency goals – if properly enacted

Washington, D.C. - September 1, 2010 - (RealEstateRama) -- Rep. Raúl M. Grijalva today congratulated the Tonto Apache Tribe and the Ak-Chin Indian Community for receiving housing awards of $54,019 and $384,994, respectively, from the Department of Housing and Urban Development. The grants come through the Native American Housing Assistance and Self-Determination Act of 1996, which awards funds to tribes through a formula based on need and prior funding levels.

Cromwell, CT - September 1, 2010 - (RealEstateRama) -- CT REIA and Alan Cowgill presents: How To Find An Unlimited Supply of Money For Residential and Commercial Properties

EUGENE, OR - September 1, 2010 - (RealEstateRama) -- Real estate broker Dennis Stevick of DND Realtors has chosen to adopt the dynamic IDX, Inc. product of IDX Broker software. This unique technology automatically draws raw listing data from the Fort Lauderdale MLS (FAR) and displays it on the website Stevick hosts. By enabling such an innovative IDX solution, Stevick has simplified the online home search for home seekers shopping around Fort Lauderdale, Florida. Finding the perfect waterfront or vacation property on the beaches of coastal Florida town has never been easier than now, thanks to Stevick and his adoption of IDX Broker software.

EUGENE, OR - September 1, 2010 - (RealEstateRama) -- IDX, Inc. has teamed up with Houston, Texas real estate professional John Harcrow to bring thousands of property listings to area home seekers. Houston MLS (HARMLS) listings are now seamlessly integrated onto the website Harcrow hosts, giving potential buyers and immense database of homes to utilize throughout the online property search process. Never before has it been easier to find a home online, than it is now with the website Harcrow has created, which blends the best tools together to make the process simple and efficient

CANTON, OH - September 1, 2010 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) and Congressman John Boccieri (OH-16) today joined Federal Home Loan Bank (FHLB) of Cincinnati President and CEO David Hehman at the YWCA in Canton to announce $6.1 million in funding for 12 affordable housing projects across Ohio.

WASHINGTON, DC - September 1, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced an unprecedented agreement with the nation's top mortgage lenders to offer selected state and local governments, and nonprofit organizations a "first look" or right of first refusal to purchase foreclosed homes before making these properties available to private investors.

McLean, VA – Freddie Mac (OTC: FMCC) announced today that it will not issue a Reference Notes® security on September 1, 2010. The company's 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities

WASHINGTON, D.C. - September 1, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 27, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2.3 percent compared with the previous week.

WASHINGTON, DC - September 1, 2010 - (RealEstateRama) -- Business Solutions, an affiliate of the American Bankers Association, has entered into an exclusive, multiyear agreement with TeleTech Loan Services, LLC, a subsidiary of TeleTech Holdings Inc. (NASDAQ: TTEC), to offer mortgage fulfillment services to ABA member banks.

September 1, 2010 - (RealEstateRama) -- A credit repair operation has agreed to stop making false claims and stop charging up-front fees under a settlement with the Federal Trade Commission. The settlement is part of an ongoing crackdown on scams that target financially strapped consumers, in this case taking hundreds of dollars in fees to purportedly remove negative information from consumers’ credit reports even if the information is accurate and timely. The FTC filed the action in “Operation Clean Sweep” in October 2008