Blog Page 1104

Homebuilders Applaud Passage of Homebuyer Tax Credit

SACRAMENTO, CA - March 26, 2010 - (RealEstateRama) -- California homebuilders said the $10,000 tax credit for purchasers of new homes and for first-time purchasers of existing homes will help jump-start the homebuilding industry, create jobs and provide a much-needed boost to the state’s economy

Newhouse Apartments Open for Chronically Homeless

PRICE, Utah - March 25, 2010 - (RealEstateRama) -- Carbon County is celebrating the completion of the Newhouse Apartments, a housing unit that will benefit the chronically homeless population of rural Utah, with a ribbon cutting and tour on Monday, March 29 at 4:00 p.m. The Newhouse Apartments are located at 11 W. Main St. in Price.

Public Housing Authorities in Wyoming Meet Critical Recovery Act Deadline, Create Nearly 10 Jobs...

WASHINGTON, DC - March 24, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan announced today that public housing authorities in Wyoming successfully met a critical funding deadline outlined in the American Reinvestme...

Fattah Lauds Positive Steps On Mortgages By Lenders

WASHINGTON D.C - March 25, 2010 - (RealEstateRama) -- Congressman Chaka Fattah (D-PA), author of major legislation to provide emergency mortgage assistance to unemployed homeowners who face foreclosure, praised steps by major banks in recent days to aid homeowners with “underwater” and distressed mortgages.

Tyler, Texas Woman Sentenced in Mortgage Fraud Scheme

TYLER, TX - March 25, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 47-year-old Tyler, Texas woman has been sentenced to federal prison for a mortgage fraud scheme in the Eastern District of Texas.

Charlotte Man Pleads Guilty to Aiding and Abetting Mortgage Fraud

COLUMBIA, SC - March 23, 2010 - (RealEstateRama) -- nited States Attorney KEVIN F. MCDONALD stated today that BRAD L. GREENBERG, age 53, of Charlotte, pled guilty today to Misprision1 of a Felony, a violation of Title 18, United States Code, Section 4. United States District Judge Cameron McGowan Currie accepted the plea and has scheduled sentencing for May 25th.

Public Housing Authorities in Texas Meet Critical Recovery Act Deadline, Create 562 Jobs and...

FORT WORTH, TX - March 24, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan announced today that 351 public housing authorities in Texas successfully met a critical funding deadline outlined in the American Reinvestment and Recovery Act of 2009 (Recovery Act).

DHCR Helps Warn Homeowners to Beware of Loan Modification Scams

Albany, NY - March 2, 2010 - (RealEstateRama) -- DHCR participated recently in the Consumer Protection Board's (CPB) Annual Consumer Action Day at the Empire State Plaza in Albany.

Behringer Harvard and Cinemark Holdings Announce Plan to Construct 12-Screen Theatre in North Texas...

DALLAS, March 25 /PRNewswire/ -- Behringer Harvard announced today that it has reached an agreement with Cinemark Holdings, Inc. to construct a 12-screen theatre at Frisco Square, a mixed use development in Frisco, an affluent suburb north of Dallas that is one of America's fastest-growing cities.

Schumer Reveals Administration Cuts To At-Need Senior Housing On Long Island Could Leave Seniors...

Washington, DC - March 24, 2010 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer said he will fight to reverse budget cuts proposed by Administration in its Fiscal Year 2011 budget for the Section 202 Housing for the Elderly program.

Cogdell Spencer ERDMAN(SM) Announces Grand Opening of Medical Center Physicians Tower in Jackson, Tennessee

CHARLOTTE, N.C., March 24 /PRNewswire/ -- Cogdell Spencer ERDMAN(SM) announced today that Medical Center Physicians Tower is complete and hosted its ribbon-cutting yesterday in Jackson, Tennessee.

Housing Initiative Fund Report Details County’s Commitment to Increasing Supply of Affordable Housing

March 25, 2010 - (RealEstateRama) -- Despite the economic turmoil of the past two years, the newly released Housing Initiative Fund Fiscal Year 2008 and 2009 Report illustrates that the County’s commitment to increasing the stock of affordable housing in Montgomery County has resulted in an increase in funding over the past two years and an addition to the inventory of affordable housing units in the county

Rep. Melancon Supports Louisiana Veterans with Jobs, Housing Bills

WASHINTON D.C. - March 25, 2010 - (RealEstateRama) -- Congressman Charlie Melancon (LA-03) voted this week in support of a series of bills to provide more opportunity to U.S. veterans, particularly those who are looking for jobs or are homeless. The measures would increase on-the-job training opportunities for returning veterans, prevent mortgage lenders from foreclosing on a veteran’s home after their service, and make sure payments for disabled veterans keep pace with the cost of living. Also included in the series was legislation to strengthen the U.S. Department of Veterans Affairs’ work to fight and end homelessness. An estimated 131,000 U.S. veterans are homeless nationwide

Rep. Melancon Supports Louisiana Veterans with Jobs, Housing Bills

WASHINTON D.C. - March 25, 2010 - (RealEstateRama) -- Congressman Charlie Melancon (LA-03) voted this week in support of a series of bills to provide more opportunity to U.S. veterans, particularly those who are looking for jobs or are homeless. The measures would increase on-the-job training opportunities for returning veterans, prevent mortgage lenders from foreclosing on a veteran’s home after their service, and make sure payments for disabled veterans keep pace with the cost of living. Also included in the series was legislation to strengthen the U.S. Department of Veterans Affairs’ work to fight and end homelessness. An estimated 131,000 U.S. veterans are homeless nationwide

Lawsuit Boosts School Access for Homeless Students

Pittsburgh, PA - March 25, 2010 - (RealEstateRama) -- A lawsuit settled today in Pennsylvania by the Education Law Center-PA and the National Law Center on Homelessness & Poverty (NLCHP) ensures the continued enrollment of homeless children in school and significantly revises state polices to better protect the rights of homeless students.

Fulton Homes Offers VIKING® Kitchens as a Standard Option in Fulton Ranch Communities

VIP Open House April 8th will showcase the new VIKING® Designer Series kitchen available to homebuyers through May 15th. Tempe, AZ - March 25, 2010 - (RealEstateRama) -- Fulton Homes, one of Arizona’s largest privately owned homebuilders, announced that VIKING® Designer Series kitchens will be offered as a standard option in homes in the communities of Fulton Ranch from April 8, 2010 through May 15, 2010. Known for their quality and performance, VIKING® kitchens exemplify Fulton Homes’ commitment to affordable luxury for the value-conscious homebuyer.

CABOR is Ready to Help Homebuyers with April 30th Tax Credit Countdown Concerns

Cleveland, OH - March 25, 2010 - (RealEstateRama) -- With 3,800 members strong, the Cleveland Area Board of REALTORSR (CABOR) is poised and ready to help homebuyers take advantage of federal tax credits worth up to $8,000 for first-time buyers and $6,500 for repeat buyers. CABOR members are making sure house hunters have what they need to close a deal

Metro Home Building Starts 2010 on a High Note

March 25, 2010 - (RealEstateRama) -- Single-family building units continued to rise in the Kansas City metro last month, marking a continued growth over 2009 building permit activity to-date. A seasonally adjusted 181 single-family units were permitted in February, up from the seasonally adjusted 153 in February 2009, according to statistics compiled by the Home Builders Association of Greater Kansas City (HBA).

ADVISORY – Michigan Public Service Commissioner Monica Martinez to Speak at Urban Green Summit...

March 25, 2010 - (RealEstateRama) -- The Department of Energy, Labor & Economic Growth (DELEG) announces that Michigan Public Service Commissioner Monica Martinez will be speaking at the Urban Green Summit, hosted by the Highland Park NAACP, University of Phoenix, and Rainbow PUSH Detroit. The Summit will focus on empowering urban communities through green education and employment.

ADVISORY – Michigan Public Service Commissioner Monica Martinez to Speak at Urban Green Summit...

March 25, 2010 - (RealEstateRama) -- The Department of Energy, Labor & Economic Growth (DELEG) announces that Michigan Public Service Commissioner Monica Martinez will be speaking at the Urban Green Summit, hosted by the Highland Park NAACP, University of Phoenix, and Rainbow PUSH Detroit. The Summit will focus on empowering urban communities through green education and employment.

OFIR Announces Settlement with CitiFinancial Regarding Mortgage Disclosure Violation

LANSING, MI - March 25, 2010 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR), the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today announced a settlement with CitiFinancial regarding the firm’s failure to report 91,127 residential mortgage loans, including more than 4,000 in Michigan, to the federal government as required by the Home Mortgage Disclosure Act (HMDA). The settlement requires CitiFinancial to pay a $63,457 penalty to the State of Michigan, which will be put into the Mortgage Brokers, Lenders, and Servicers Licensing Act Fund and used to support OFIR’s mortgage examination and licensing programs

New Report On New York City’s Building Boom Finds 170,000 New Units Built Between...

New York, NY - March 25, 2010 - (RealEstateRama) -- A new report released today by NYU’s Furman Center for Real Estate and Urban Policy provides an in-depth look at the City’s recent building boom. The report, the State of New York City’s Housing and Neighborhoods 2009, also examines the state of mortgage lending in the City, highlights the state of immigrant New Yorkers and immigrant neighborhoods, and provides detailed data on housing and demographic trends in each of the City’s 59 community districts.

SEC Charges New Mexico Real Estate Magnate in $80 Million Ponzi Scheme

Washington, D.C. - March 24, 2010 - (RealEstateRama) -- The Securities and Exchange Commission has filed fraud charges against a prominent New Mexico realtor and obtained an emergency court order to halt his $80 million Ponzi scheme.

New York State home sales continue to post gains compared to 2009

Albany, NY - March 24, 2010 - (RealEstateRama) -- The New York state housing market continued to post double-digit sales gains compared to a year ago as February 2010 sales jumped 13.2 percent compared to February 2009, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS.

Total Housing Starts Rise Again in February, CBIA Announces

SACRAMENTO, CA - March 24, 2010 - (RealEstateRama) -- Total housing starts in California continued to rise in February, but a downturn in single-family permits signaled that a housing recovery has yet to materialize and prompted industry officials to applaud lawmakers for quickly passing a new homebuyer tax credit program, the California Building Industry Association announced today

Grijalva Calls for New Government Action on Home Foreclosure Crisis, Points to Overseers’ HAMP...

Washington, D.C. - March 24, 2010 - (RealEstateRama) -- Rep. Raúl M. Grijalva today called on the White House to more fully address the nation’s ongoing foreclosure crisis. Grijalva signed a letter along with 26 other House Democrats urging Treasury Secretary Tim Geithner to consider a range of options – including the creation of a new government entity to buy up distressed mortgages – and to make the issue a higher priority in the coming days

Terry Goddard, Eric Holder to Take Part in Mortgage Fraud Summit Thursday

Phoenix, AZ - March 24, 2010 - (RealEstateRama) -- Attorney General Terry Goddard said today he will join U.S. Attorney General Eric Holder and other members of the recently formed Financial Fraud Enforcement Task Force at a Mortgage Fraud Summit meeting Thursday in Phoenix

Owner of Jacksonville Home Building Company Convicted of Mortgage Fraud

JACKSONVILLE, FL - March 24, 2010 - (RealEstateRama) -- United States Attorney A. Brian Albritton and James Casey, Special Agent in Charge, Federal Bureau of Investigation, announce today that, following a two-week trial, a federal jury has found Marshall Craig Scott (age 59, of Jacksonville) guilty of commit mail fraud, wire fraud, and conspiracy to commit mail fraud. Scott faces a maximum penalty of 145 years in federal prison. His sentencing hearing is scheduled for June 24, 2010. Scott was indicted on October 29, 2009.

“Come Home to Howard County” Housing Fair Set for April 10

ELLICOTT CITY, MD - March 24, 2010 - (RealEstateRama) -- Howard County Housing will host the “Come Home to Howard County” Housing Fair on Saturday, April 10 from 10 a.m. to 2 p.m. at Long Reach High School, 6101 Old Dobbin Lane in Columbia. The event is free and open to the public.

STATE TAKING APPLICATIONS FOR $250M IN BONDS FOR AFFORDABLE LOANS – RATES AS LOW...

March 24, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) today announced $250 million in bonds are available for affordable home loans, which includes a set aside of 10 % (up to $25 million) for new construction home purchases.

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families