Monthly Archives: May 2011

WASHINGTON, D.C. - May 13, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released a new white paper which provides background information and an environmental scan of the events leading up to the current foreclosure crisis and examines some of the myths surrounding servicer incentives in the loss mitigation process. The white paper is being released in conjunction with MBA's President & CEO David H. Stevens' testimony before the Senate Committee on Banking Housing and Urban Affairs Subcommittee on Housing, Transportation and Community Development on "The Need for National Mortgage Servicing Standards."

WASHINGTON, D.C. - May 13, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association, testified today before the Senate Committee on Banking, Housing and Urban Affairs' Subcommittee on Housing, Transportation and Community Development on "The Need for National Mortgage Servicing Standards."

Washington, D.C. - May 12, 2011 - (RealEstateRama) -- ICBA Mortgage Corp., the mortgage lending subsidiary of the Independent Community Bankers of America (ICBA), and QBE FIRST today announced an exclusive one-year, preferred vendor agreement that will provide ICBA members with tax tracking, tax insourcing and escrow administration services.

ISELIN, N.J. - May 12, 2011 - (RealEstateRama) -- With its financing, supply-and-demand, and regulatory issues, "the solar business is very much like the real estate business," said Jeffrey Milanaik, President of Heller Industrial Parks. The venue was the 1st Annual Industrial Developer's and Investor's Night of the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area Inc. (IOREBA), at the Renaissance Woodbridge Hotel.

NEW YORK, NY - May 12, 2011 - (RealEstateRama) -- On May 9, 2011, the Federal Reserve Bank of New York, along with other interested stakeholders, participated in a meeting sponsored by the Uniform Law Commission, the American Law Institute and the Permanent Editorial Board of the Uniform Commercial Code to explore legal issues involved in the recent problems experienced in the secondary mortgage market.

Seattle, WA - May 12, 2011 - (RealEstateRama) -- Seattle Mayor Mike McGinn and City Councilmembers Nick Licata and Mike O'Brien today announced two new steps in the City's efforts to better support those living without permanent shelter in Seattle:

Providence, RI - May 12, 2011 - (RealEstateRama) -- Governor Lincoln D. Chafee announced today his appointment of Anne M. Nolan of Cumberland to the Rhode Island Parole Board. Nolan is President and CEO of Crossroads Rhode Island, the state’s lead...

New York, NY - May 12, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) announced today that it has acquired a substantial ownership interest in the 205,000-square-foot office condominium at 110 East 42nd Street, along with control of the asset. This property, which is located steps from Grand Central Terminal on the south side of 42nd Street, offers unique opportunities to the Company as it adjoins 125 Park Avenue, which the Company recently acquired

New Orleans, LA - May 12, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced that AIA Document D503™-2011, Guide for Sustainable Projects, including Agreement Amendments and Supplementary Conditions (“Guide”), is now available.

SEATTLE, WA - May 12, 2011 - (RealEstateRama) -- City Council's Committee on the Built Environment today reviews a report on backyard cottage development in Seattle over the past 18 months. In November 2009, Council adopted legislation allowing construction of backyard cottages on eligible lots in single-family zones throughout the City. Fifty-seven units have been permitted since.

Los Angeles, CA - May 12, 2011 - (RealEstateRama) -- CB Richard Ellis Inc. (CBRE) has been named the world’s fastest-growing retail property and leasing manager by Chain Store Age for the second time in three years. The retail industry publication’s April/May 2011 issue reported that CBRE added 114.8 million sq. ft. of new global retail property management assignments in 2010, noting that ?CB Richard Ellis surely redefined growth in third-party portfolio management.

Mt. Laurel, NJ - May 12, 2011 - (RealEstateRama) -- MAMCO Property Management, an Associa company, proudly announces the relocation of its corporate offices.

Jackson, MS - May 12, 2011 - (RealEstateRama) -- The Mississippi Home Corporation (MHC) today announced its Home Saver program to help unemployed Mississippians bring their mortgages current and make monthly mortgage payments for up to 12 months while they look for work. The program’s Education Option assists homeowners for up to 12 additional months if they enroll in a certificate or degree-seeking program to improve their job skills and employability.

CLIFTON, N.J. - May 12, 2011 - (RealEstateRama) -- The Cure Breast Cancer Foundation (CBCF), a non-profit 501 (c) 3 organization, will host its 4th Annual Golf Classic on Monday, June 20th at Mountain Ridge Country Club in West Caldwell, New Jersey.

WASHINGTON, DC - May 12, 2011 - (RealEstateRama) -- U.S. Senators Jeff Merkley (D-OR) and Olympia Snowe (R-ME) today introduced the “Regulation of Mortgage Servicing Act” to help homeowners stay in their homes by making the rules for mortgage servicers more fair and transparent.

Richmond, VA - May 12, 2011 - (RealEstateRama) -- Community Group, an Associa company, is proud to announce it has been awarded the management contract for Pemberton Homeowners Association.

SALT LAKE CITY, UT - May 12, 2011 - (RealEstateRama) -- Lieutenant Governor Greg Bell and the Division of Housing and Community Development released the results of a snapshot survey showing Utah’s homeless population during a press conference on W...

WASHINGTON, D.C. - May 12, 2011 - (RealEstateRama) -- Contractors were only able to partially pass on the costs of rising petroleum and metals prices in April, according to an analysis of producer price index figures released today by the Associated General Contractors of America (AGC). Association officials said the resulting cost squeeze—a result of sluggish demand for construction—will push more construction employees and firms out of work unless public officials act promptly to encourage public and private investment.

Washington, DC - May 12, 2011 - (RealEstateRama) -- A proposed rule to define qualified residential mortgages (QRM) under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) would unnecessarily restrict access to home ownership. Realtors® at the Real Estate Services Forum – The Impact of Dodd-Frank on Real Estate session today during the Realtors® Midyear Legislative Meetings & Trade Expo gained insights into the implications of a narrowly defined QRM.

LĪHU'E, HI - May 12, 2011 - (RealEstateRama) -- In response to the high volume of requests for changes and clarification, county officials have extended the deadline to May 31 for property owners to make changes to their residential refuse collection ...

WASHINGTON, DC - May 12, 2011 - (RealEstateRama) -- Home sales are expected to stay on an uptrend through 2012, although the performance will be uneven with mortgage constraints weighing on the market, according to experts at a residential real estate forum today at the Realtors® Midyear Legislative Meetings & Trade Expo here.

ORLANDO, FL - May 12, 2011 - (RealEstateRama) -- Habitat for Humanity of Greater Orlando Area recently celebrated National Women Build Week, an initiative designed to empower women to take action against poverty housing conditions. Locally, more than 400 women volunteered to build five townhomes at Stag Horn Villas, the nonprofit’s first multi-family community. During the effort from May 2 – 7, more than $100,000 was raised by event sponsors and fundraising teams.

WASHINGTON, DC - May 12, 2011 - (RealEstateRama) -- Three affordable housing developments are the recipients of the HUD Secretary's Housing and Community Design Award for excellence in residential housing design.

NEW BRUNSWICK, N.J. - May 12, 2011 - (RealEstateRama) -- On Wednesday, June 8, 2011, NAIOP New Jersey, the commercial real estate development association, will present a seminar titled "Environmental, Economic & Land Use Planning Update". Topics of discussion will include the plans of the administration of Gov. Chris Christie to foster sustained economic growth, regulatory and policy changes coming from the New Jersey DEP, and preparations for mandatory reliance on Licensed Site Remediation Professionals (LSRP).

NEW YORK, NY - May 12, 2011 - (RealEstateRama) -- ING Clarion Partners, a leading real estate investment management organization, has acquired 44 Berry Street in the Williamsburg neighborhood of Brooklyn for $27 million, it was announced today. The property, a 54,000 square foot, six-story, 42-loft unit apartment building includes six retail businesses on the ground floor and is fully leased.

WASHINGTON, D.C. - May 12, 2011 - (RealEstateRama) -- Chairman Johnson, Ranking Member Shelby, and Members of the Committee, I appreciate the opportunity to provide an update on the Treasury Department’s implementation of the Dodd-Frank Act.

WASHINGTON, DC - May 12, 2011 - (RealEstateRama) -- A new rule from the Federal Trade Commission that aims to protect home owners from mortgage relief scams may impact real estate professionals who represent clients involved in short sale transactions. Several hundred Realtors® learned more about the new rule and its impact on their business at the “Risk Management and License Law Forum” during the Realtors® 2011 Midyear Legislative Meetings & Trade Expo in Washington, D.C. today.

EUGENE, OR - May 12, 2011 - (RealEstateRama) -- Triangle MLS (TMLS) listings are now easier than ever to search through for Raleigh, North Carolina properties, thanks in large part to IDX, Inc. and Victoria Riddell. By choosing to upgrade her website with the innovative IDX Broker software she now hosts, Riddell has made finding a Raleigh area home monumentally simpler. The TMLS database of detailed listings makes it so easy for clients of Riddell to find their dream home online. The IDX enabled website of Riddell has forever changed the way Raleigh home seekers experience the online real estate market, thanks to the dynamic search tools Riddell now hosts.

Las Vegas, NV - May 12, 2011 - (RealEstateRama) -- Statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR) show an increased number of local homes sold in April compared to one year ago.

EUGENE, OR - May 12, 2011 - (RealEstateRama) -- Naples, Florida real estate agent Marie Orlando has adopted the IDX, Inc. premier IDX Broker software for her professional website. Now, Orlando hosts thousands of IDX synced property listings conveniently on her search page, giving her clients the ability to scan and search through every local listing hosted by the Sunshine MLS (SSMLS). The IDX solution Orlando has employed has forever changed the way her clients search for homes online.