Yearly Archives: 2011

New York, N.Y. – January 13, 2011 – BRP Companies today announced that Greene-Ville Gardens, an organic grocery store is now open on the ground floor of The Clermont, a high-end residential rental development located at 150 Clermont Avenue in Fort Greene, Brooklyn. Carousel Children’s Center, a daycare center, is also set to open soon.

CHICAGO, IL - January 13, 2011 - (RealEstateRama) -- Leading Real Estate Companies of the World® (LeadingRE), the world's largest network of leading independent real estate brokers, continued to expand in 2010, with over 50 new offices and 2,300 sales associates added during the year. A strong pipeline of new member candidates ensures additional growth in early 2011.

CHICAGO, IL - January 13, 2011 - (RealEstateRama) -- Leading Real Estate Companies of the World® has selected reOneSpot™ as a preferred partner to provide its network of 600 brokerage firms worldwide a low-cost, intelligent, web-based enterprise solution that securely enables collaboration and sharing of activities, documents, feedback and communications between brokers, agents and their clients in one easy-to-use integrated location. This all-in-one solution platform helps real estate brokers and associates improve efficiency and productivity with tools that enhance and streamline the regular, day-to-day activities involved in today’s business of real estate.

McLean, VA - January 13, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). The survey results showed lower mortgage rates for both long- and short-term rates, with the 30-year reaching a four-week low

EUGENE, OR - January 13, 2011 - (RealEstateRama) -- Real estate agent Madonna Hartley has adopted the IDX, Inc. dynamic IDX Broker software. With the tools her IDX solution supplies her with, Hartley can sync thousands of RealTracs MLS (RTMLS) listings instantly on her website. By extracting raw listing data from RTMLS and seamlessly integrating it onto her website, Nashville, Tennessee potential home buyers can experience the most thorough and complete online property search around

Torrance, CA - January 13, 2011 - (RealEstateRama) -- Charlotte-based Mountain Real Estate Capital (MREC) advanced its bank NPL/REO acquisition program by closing four transactions on Dec. 30, 2010, bringing its total 2010 residential land acquisitions to more than 12,000 acres and over 7,500 home sites nationally. Notes and equity purchases were closed with over 20 different selling banks, amounting to an unpaid principal balance in excess of $600 million. With these latest acquisitions, MREC now owns and manages more than 200 projects with over 10,000 lots and 7,400 acres of land across the U.S

WASHINGTON, DC - January 13, 2011 - (RealEstateRama) -- The American Bankers Association sent a letter today to the heads of the eight regulatory agencies involved in writing new rules on risk retention for mortgage loans as required by the Dodd/Frank Act. ABA supports a broad safe harbor, known as the Qualified Residential Mortgage or QRM, which would not be subject to risk retention requirements.ABA said imposing too broad a risk retention requirement is likely to cause lenders to leave the marketplace, reduce the amount of credit available to eligible borrowers, and harm the fragile economic recovery.

New York, NY - January 12, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that CHEDDI GOBERDHAN, a real estate attorney, pled guilty yesterday before U.S. District Judge SHIRA A. SCHEINDLIN in Manhattan federal court to a seven-count Indictment charging him with conspiracy to commit bank and wire fraud, and six counts of bank fraud, in connection with a scheme that defrauded banks out of more than $23 million in home mortgage loans. GOBERDHAN made hundreds of thousands of dollars in illicit profits from the scheme, in which he worked closely with corrupt loan officers of GuyAmerican Funding, a mortgage brokerage firm in Queens, New York. GOBERDAN is the ninth defendant convicted of participating in this mortgage fraud scheme

New Orleans, LA - January 12, 2011 - (RealEstateRama) -- A panel of distinguished national real estate experts from the Consulting Corps of The Counselors of Real Estate (CRE) will be working with the Orleans Parish School Board (OPSB) this week to map strategy for 37 properties in the school board’s portfolio

WASHINGTON, D.C. - January 12, 2011 - (RealEstateRama) -- U.S. Rep. Nick Rahall and Senators Jay Rockefeller and Joe Manchin (all D-W.Va.), announced that the U.S. Department of Housing and Urban Development today released $2,922,000 in funds previously earmarked by the late-Senator Robert C. Byrd for the Pocahontas County Commission to construct a multi-purpose community center in Marlinton.

WASHINGTON, DC - January 12, 2011 - (RealEstateRama) -- Senator Chuck Grassley has asked 20 law firms in Philadelphia for information about their billing of the Philadelphia Public Housing Authority as part of a larger review of how the housing authority has misused federal tax dollars. Grassley said he is going directly to the firms for information about the amount billed and the kind of work performed because the U.S. Department of Housing and Urban Development, which awards federal funds to local housing authorities, has told him it doesn’t maintain records about such legal payments and, in the case of the Philadelphia Public Housing Authority, news organizations have reported how the housing authority structured settlements in at least four sexual harassment cases and one case where the failure to inspect a building before demolition resulted in the death of a resident.

Tampa, FL - January 12, 2011 - (RealEstateRama) -- In recognition of the bicentennial of the 1811-1812 New Madrid Earthquakes, the Central U.S. Earthquake Consortium (CUSEC), Federal Emergency Management Agency (FEMA) and Institute for Business & Home Safety (IBHS) are teaming with state and local partners to bring residents and organizations in the affected region an educational campaign to help reduce their earthquake risk.

West Hartford, CT - January 12, 2011 - (RealEstateRama) -- CT REIA and Cameron Dunlap presents: Flip Foreclosures With Proof Of Funds & Transactional Funding

Tucson, AZ - January 12, 2011 - (RealEstateRama) -- Coldwell Banker Residential Brokerage is pleased to announce Greg Hollman, branch manager of the Foothills office and regional vice president of Southern Arizona, has been appointed 2011 president of Tucson’s Multiple Listing Service (MLS)

EMERYVILLE, CA - January 12, 2011 - (RealEstateRama) -- ZipRealty, Inc. (NASDAQ: ZIPR) announced today a series of changes to enhance the Company’s focus on core strengths in technology, online marketing and its most attractive local real estate markets. The restructuring and organizational changes are expected to position ZipRealty to achieve positive cash flow in 2011 and provide a solid platform for long-term growth.

EMERYVILLE, CA - January 12, 2011 - (RealEstateRama) -- The number of price-reduced homes on the market this December remained at high levels compared to 2009, rising 23.4 percent according to a report surveying 26 US markets issued by national real estate brokerage, ZipRealty (www.ziprealty.com; NASDAQ: ZIPR)

McLean, VA - January 12, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), multifamily mortgage-backed securities. The company expects to offer approximately $1 billion in K Certificates ("K-010 Certificates"), which are expected to price the week of January 17, 2011 and settle on or about February 10, 2011.

Novi, MI - January 12, 2011 - (RealEstateRama) -- Mr. Sponge Waterproofing, Inc., of Novi Michigan released their new patent pending product for consumers that saves in costly basement repairs. The new "TRX Compressed Swell Plug," is designed for consumers or property maintenance personnel to repair leaking rod holes. Rod Holes are the most common leak in poured concrete walls with an average contractor repair cost of $125.00 for one hole.

Washington, DC - January 12, 2011 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) has named the recipients of its 2010 LEED for Homes Awards, recognizing projects, developers and home builders who have demonstrated leadership in the residential building marketplace. The awards were presented during the Residential Summit on Thursday, Nov. 18, during the 2010 Greenbuild International Conference & Expo held in Chicago, Ill. The 2010 award categories recognize innovative multi and single family projects, production builders, affordable housing projects and developers, an overall commitment to LEED for Homes, and Project of the Year.

WASHINGTON, D.C. - January 12, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 7, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 47.5 percent compared with the previous week, which included the New Year’s holiday

EUGENE, OR - January 12, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce Michael D'Alfonso's addition of a customized IDX solution to his Santa Fe, New Mexico based real estate website. The IDX Broker software now on D'Alfonso's page extrac...

WASHINGTON, D.C. - January 12, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today filed suit against the U.S. Department of Labor (DOL) in the United States District Court for the District of Columbia under the Administrative Procedure Act (APA).

ALBANY, NY - January 11, 2011 - (RealEstateRama) -- The New York State Office for People With Developmental Disabilities (OPWDD) has been awarded nearly $120,000 in housing counseling grants that will assist the agency to help individuals and families not only find housing, but will also offer them greater opportunities to keep their homes through counseling and training and to avoid loan modification scammers that are targeting millions of vulnerable populations.

Norfolk, VA - January 11, 2011 - (RealEstateRama) -- The City of Norfolk will sponsor its tenth Project Homeless Connect, a one-day, mega service event where homeless adults, especially those staying on the streets, can connect to vital resources and services, on Wednesday, January 12, 2011 at 8:30 am at the Scope Exhibition Hall. Mayor Paul D. Fraim will address the volunteers and provider organizations at 8 am

Boston, MA - January 11, 2011 - (RealEstateRama) -- Senior federal and state elected and environmental officials announced efforts to rebuild Rhode Island water treatment plants that were irreparably damaged last spring during devastating floods, with new treatment equipment to include state-of-the-art energy efficient and green technologies.

WASHINGTON, DC - January 11, 2011 - (RealEstateRama) -- The Council of State Community Development Agencies (COSCDA) today announced that it has elected Gordon Walker as its new President. Walker, Director of the Utah Division of Housing and Community Development, will succeed Rick Ballard, Director, Office of Community Development, Michigan State Housing Development.Walker brings extensive management and public service experience to COSCDA, the premier national association advocating and enhancing the leadership role of states in community development through innovative policy development and implementation, customer-driven technical assistance, education, and collaborative efforts

WASHINGTON, DC - January 11, 2011 - (RealEstateRama) -- Representative Edward J. Markey (D-Malden), a longtime champion of the Low-Income Home Energy Assistance Program (LIHEAP), today announced that the Department of Health and Human Services will release $1.6 billion in additional funding to states for the critical home-heating program through March 4. The release of these additional funds will allow for states to receive virtually the same level of funding as in FY 2010. Massachusetts will receive more than $173 million during that time period. The LIHEAP funding comes as a result of the recently passed Continuing Resolution that will keep the federal government funded for the next 7 weeks

WASHINGTON, DC - January 11, 2011 - (RealEstateRama) -- NeighborWorks America and members of the NeighborWorks network were recently awarded more than $7 million from the U.S. Department of Housing and Urban Development (HUD) as part of the department’s grants to support housing counseling and housing counselor training

Washington, DC - January 11, 2011 - (RealEstateRama) -- REALTOR® Magazine’s Good Neighbor Society is seeking entries for Volunteering Works, a program that matches Realtors® who would like to expand their community service outreach with a mentor who is already a successful volunteer leader.

Las Vegas, NV - January 11, 2011 - (RealEstateRama) -- Associated Management Inc., an Associa company, is proud to announce that the Nevada Chapter of the Community Association Institute (CAI) has listed AMI as a finalist for Large Community Management Company of the Year.