RealEstateRama
RALLY AT LANDMARK NORTH JERSEY OFFICE BUILDING PROTESTS SHABBY TREATMENT OF CLEANING WORKERS
Trenton, NJ - September 14, 2011 - (RealEstateRama) -- Dozens of union members and community supporters rallied Tuesday afternoon outside the landmark Glenpointe Office Centre to protest the firing of 18 hard-working office cleaners. The cleaners, some of whom had been working at the building for years, were abruptly fired effective September 1st when building owner Sanzari Enterprises replaced its union cleaning contractor with a non-union contractor that is ironically named Union Building Services (UBS).
FIVE REALTORS OF INTERO REAL ESTATE SERVICES NAMED ONE OF AMERICA’S TOP 1,000 REAL...
CUPERTINO, SILICON VALLEY - September 14, 2011 - (RealEstateRama) -- David Troyer, Dominic Nicoli, Minhua Jin, Efi Luzon and Eric Fischer-Colbrie of Intero Real Estate Services, Inc. were named one of America’s top real estate professionals by The Wall Street Journal and REAL Trends. They are now a member of the “The Thousand Top Real Estate Professionals,” a prestigious national awards ranking sponsored annually by the two respected publications. Troyer, Nicoli, Jin, Luzon and Fischer-Colbrie are now ranked in the top one half of 1 percent of the more than 1 million REALTORS® nationwide
Boston Development Receives $20.5M in First-Ever Choice Neighborhood Grants; Nixon Peabody Advises on HUD...
Boston, MA - September 13, 2011 - (RealEstateRama) -- The City of Boston and Dorchester Bay Economic Development Corporation have been awarded $20.5M by the U.S. Housing and Urban Development (HUD) as part of the first-ever Implementation Grants awarded under HUD’s Choice Neighborhoods Initiative.
The Boulder Group Publishes Net Lease Drug Store Market Research Report
Northbrook, IL - September 13, 2011 - (RealEstateRama) -- The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Drug Store Market.
HomeAway Owners Offer Vacation Properties to Flood Victims Looking for Temporary Home Rentals
September 9, 2011 - (RealEstateRama) -- Austin-based HomeAway, Inc. has organized a Tropical Storm Irene Housing Directory of vacation homes available for rent, some at reduced rates or free of charge, to flood victims in need of housing. For HomeAway’s Tropical Storm Irene Housing Directory go to: http://community.homeaway.com/docs/DOC-2068
Robo-signing settlement could provide broad relief for homeowners, but an overly broad release of...
Chicago, IL - September 8, 2011 - (RealEstateRama) -- With home values continuing a steep decline, little change in the unemployment rate, and 26 percent of Illinoisans owing more than their home is worth, little has been done to buoy confidence that an economic recovery is at hand. A settlement of the investigations surrounding last year’s robo-signing scandal that, among other things, achieves widespread principal reduction commitments from major servicers, could change that–but only if done carefully.
Mortgage Help Center Opens in Sacramento
WASHINGTON, DC - September 8, 2011 - (RealEstateRama) -- Fannie Mae today announced the opening of the Sacramento Mortgage Help Center to provide free education and counseling services to struggling Northern California homeowners. The Sacramento Center is the tenth Mortgage Help Center to open across the country, and is part of Fannie Mae's ongoing effort to ensure that homeowners facing foreclosure understand their options, have access to assistance and receive timely resolutions. The Center was developed in partnership with NeighborWorks HomeOwnership Center Sacramento Region, local community and elected officials, and area mortgage servicers.
Smarter Agent Launches on Windows Phone
CAMDEN, N.J. - September 7, 2011 - (RealEstateRama) -- Smarter Agent, a mobile platform and application company, today announced the Smarter Agent real estate application for Windows Phone. Smarter Agent for Windows Phone is a comprehensive tool for anyone interested in accurate, unbiased, and local real estate information. The app features homes for sale listings and hard to find apartment listings, directly from MLS member sources for more than 50,000 cities, representing more than four million homes for sale in the United States. With its launch on Windows Phone, Smarter Agent is now available across major mobile platforms, including iPhone, Android, BlackBerry and Windows Phone
FHLBank San Francisco Awards $1 Million in Grants for Economic Development and Housing Projects...
San Francisco, CA - September 7, 2011 - (RealEstateRama) -- The Federal Home Loan Bank of San Francisco announced today that it has awarded $1 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada for projects and programs that foster economic development and promote community stability and self-sufficiency.
JOHNSON OPENING STATEMENT ON MORTGAGE SERVICING HEARING
WASHINGTON, DC - September 6, 2011 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing to discuss national mortgage servicing standards. It was the eighth in a series of hearings the Committee has been holding related to housing finance reform.
Servicemembers Civil Relief Act – Batch Processing Services Available
WASHINGTON, DC - September 6, 2011 - (RealEstateRama) -- The Servicemembers Civil Relief Act Centralized Verification Service (SCRACVS) has rolled out a secure site that permits batch processing of active-duty military verifications under the Servicemembers Civil Relief Act.
Luxury Portfolio International™ Connects With Luxury Consumers
Chicago, IL - September 5, 2011 - (RealEstateRama) -- As interest in the luxury real estate market continues to increase, Luxury Portfolio International™ is responding by showcasing their high end properties through international events and in venues around the world.
While Relatively Few Homeowners in Catastrophe-Prone Areas Have Earthquake or Flood Insurance Coverage, Those...
WESTLAKE VILLAGE, CA - September 1, 2011 - (RealEstateRama) -- Among homeowners insurance policyholders, those with flood insurance tend to be significantly less satisfied with their policy coverage, compared with policyholders who opt not to carry it, according to the J.D. Power and Associates 2011 U.S. National Homeowners Insurance StudySM released today.
Total Mortgage Named to the 2011 Inc. 5000 List of America’s Fastest Growing Companies
MILFORD, CT - August 29, 2011 - (RealEstateRama) -- Total Mortgage Services, LLC, a leading mortgage lender, announced today that it has been named to the 2011 Inc. 5000 list of America's Fastest Growing Companies. The company was ranked as number 2,059 on the Inc. 5000's annual list with a three year growth-rate of 123 percent as well as one of the top 100 fastest growing companies within the Financial Services category across the U.S. This was the second consecutive year that Total Mortgage was part of this prestigious list. In 2010 the company was ranked number 2,851
New Orleans Market Leader Affiliates with Leading Real Estate Companies of the World
Chicago, IL - August 26, 2011 - (RealEstateRama) -- Prudential Gardner Realtors®, established in 1943 by New Orleans real estate icon Gertrude Gardner, announced today that the company is returning to its heritage as an independent full-service brokerage and affiliating with Leading Real Estate Companies of the World®. LeadingRE is the world's largest network of leading independent real estate brokerages, with 550 companies and 140,000 associates producing over $225 billion in home sales in over 30 countries worldwide. The transition from Prudential to LeadingRE will take effect August 29, 2011, when the company’s brand will change to GARDNER, REALTORS
GERARD YETMING JOINS THE FEDERATED COMPANIES AS VICE PRESIDENT OF CAPITAL MARKETS
Miami, FL - August 26, 2011 - (RealEstateRama) -- The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that Gerard Yetming has joined the firm as Vice President of Capital Markets. Mr. Yetming has more than 11 years of experience in commercial real estate with a focus on sales and finance, and is responsible for managing the company's acquisition, disposition, and financing activities.
Latest Mortgage Reports Show Little Change in Foreclosures–But Slow-Down in Prevention
WASHINGTON, D.C. - August 25, 2011 - (RealEstateRama) -- The latest Mortgage Bankers Association (MBA) mortgage report shows a rise in 30-day delinquencies, including an increase in late payments on prime, fixed-rate mortgages. Overall, the picture hasn’t changed significantly from first quarter, as one in 11 mortgage holders remains at serious risk of foreclosure (60 days delinquent or more).
Metro Commercial Inks 7 Lumber Liquidator Deals throughout US
Mount Laurel, NJ - August 24, 2011 - (RealEstateRama) -- As part of its exclusive national representation of Lumber Liquidators, Metro Commercial announced that it has brokered 7 leases totaling nearly 46,000 square feet. Metro Commercial’s Brandon Anapol, along with Tom Londres, Dan Brickner, Steve Niggeman and Phil Azarik serve at the Exclusive Leasing Team for the national retailer.
TMS Funding Launches New Jumbo Mortgage Product Into Wholesale Market
MILFORD, CT - August 23, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today it has launched a new flexible Jumbo Mortgage Product into the wholesale marketplace to provide Mortgage Brokers with an important solution for their clients in need of a jumbo mortgage for either a purchase or refinancing transaction.
HUD ANNOUNCES NEW STRONG CITIES, STRONG COMMUNITIES FELLOWSHIP PROGRAM
WASHINGTON, DC - August 22, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today published a notice seeking a qualified partner to help launch, and then manage, a pilot fellowship program to support the Administration’s Strong Cities, Strong Communities Initiative. Initially funded through a $2.5 million donation from the Rockefeller Foundation, HUD’s partner will select, train, and place public service-minded ‘social innovators’ to serve multi-year terms in local government positions to help stimulate economic development and employment.
Ken Wilson Elected Vice President of Nation’s Largest Real Estate Appraisal Association
CHICAGO, IL - August 19, 2011 - (RealEstateRama) -- Ken P. Wilson, MAI, SRA, of Plano, Texas, was elected Thursday as 2012 vice president of the Appraisal Institute, the nation’s largest professional organization of real estate appraisers.
HomeAway Releases Free Application for iPad
AUSTIN, TX - August 19, 2011 - (RealEstateRama) -- HomeAway, Inc. (AWAY)– the world’s largest online marketplace for vacation rentals – today announces the launch of its free HomeAway® Vacation Rental Search application for the iPad. This expands HomeAway’s mobile portfolio to include applications for iPhone, Android and iPad, giving more on-the-go travelers access to the 260,000+ global vacation rentals available on HomeAway.com™.
DEXUS-Developed LEED Certified Freezer Facility Sells For $91.5 Million
August 19, 2011 - (RealEstateRama) -- DEXUS Property Group today announced the sale of a LEED-certified 496,000 square feet freezer facility in Riverside, California. USAA Real Estate Company owned and sold the building as well as furnished all of the development capital for the facility. Developed by DEXUS and completed in only ten months, the specialized building was sold for $91.5 million and is one of the largest and leading state-of-the-art LEED-certified cold storage facilities in the world.
USAA Real Estate Company & JLB Partners Launch First Venture
Atlanta, GA - August 19, 2011 - (RealEstateRama) -- USAA Real Estate Company and national developer JLB Partners, LP formed a joint venture to develop Buckhead Village, a Class-A multi-family community in Atlanta, Georgia. This constitutes the first transaction between the two companies, launching this relationship.
Clifton Gunderson to Relocate Phoenix Office to New Location
PHOENIX, AZ - August 19, 2011 - (RealEstateRama) -- Clifton Gunderson, ranked as one of the nation's largest certified public accounting and consulting firms, today announced it will relocate its Phoenix office. Effective January 1, 2012, Clifton Gunderson will become a new tenant at 20 East Thomas Road, Phoenix, Ariz. The new location will accommodate the expansion of Clifton Gunderson's Phoenix practice office.
NYU FURMAN CENTER QUARTERLY HOUSING REPORT REVEALS HOME SALES ARE SLOW, BUT PRICES HOLDING...
August 18, 2011 - (RealEstateRama) -- According to the New York City Quarterly Housing Update (Q2 2011) released by NYU’s Furman Center for Real Estate and Urban Policy, home sales volume declined 20 percent from the first to the second quarter of 2011, and is down 40 percent compared to March through June of 2010.
Serious mortgage delinquency rates stabilize in U.S. metro areas, but share of loans in...
WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.
Neighborhood Housing Services of Los Angeles County (NHS) partners with Congressman Howard Berman, Senator...
Sylmar, CA - August 17, 2011 - (RealEstateRama) -- Home affordability is higher now than in the past. The down side is that during the last two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. Southern California residents can take the first step in the home buying process or saving the home they already own from foreclosure, by attending a FREE Housing Workshop on Saturday, September 10, 2011
Serious mortgage delinquency rates stabilize in U.S. metros, but share of loans in foreclosure...
WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.
Ellie Mae® Acquires Del Mar Datatrac
PLEASANTON, CA - August 16, 2011 - (RealEstateRama) -- Ellie Mae® (NYSE Amex: ELLI), a leading provider of automation solutions for the residential mortgage industry, announced today that it has acquired Del Mar Datatrac, Inc. The acquisition accelerates Ellie Mae’s growth strategy by expanding its already extensive lender customer base, significantly increasing the number of mortgages funded by its customers, and broadening the functionality of its Encompass® solutions.