Tag: finance
SEC Shuts Down San Diego-Based Real Estate Investment Fraud
Washington, D.C. - September 10, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today announced an asset freeze against a San Diego-based firm and its owner accused of running a real estate investment fraud that raised approximately ...
FHFA Announces Increase in Guarantee Fees
Washington, DC - August 31, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that it has directed Fannie Mae and Freddie Mac to raise guarantee fees (g-fees) on singlefamily mortgages by an average of 10 basis points...
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - August 28, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some...
CDFI Fund Update: New Capacity Building Initiative Resource Bank Available
WASHINGTON, D.C. - August 22, 2012 - (RealEstateRama) -- The Community Development Financial Institutions Fund (CDFI Fund) is committed to making its Capacity Building Initiative a comprehensive source of trainings and reference materials for Community...
MBA Statement on Treasury Announcement of Modifications to Agreements with GSEs
WASHINGTON, D.C. - August 20, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the U.S. Treasury Department’s announcement of modifications to the Pre...
FinCEN Reminds Mortgage Companies and Brokers of New Regulatory Requirements
VIENNA, VA - August 17, 2012 - (RealEstateRama) -- Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr. today announced the issuance of an advisory for non-bank residential mortgage lenders and originators (RMLOs) to help them ide...
FHFA Sends Notice to Federal Register on Use of Eminent Domain to Restructure Performing...
Washington, DC - August 8, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a Notice indicating its concern with the proposed use of eminent domain to restructure performing home loans and inviting p...
Credit Union Merger Provides Greater Services for Realtors®
WASHINGTON, DC - August 7, 2012 - (RealEstateRama) -- On August 1, Realtors® Federal Credit Union merged with Northwest Federal Credit Union to better serve its members. Members of the Realtors® Federal Credit Union, now a division of Northwest Feder...
Housing Finance Reform Must Provide Reliable Credit to Home Buyers, NAHB Tells Congress
WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- The National Association of Home Builders (NAHB) told Congress today that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to th...
FHFA Announces Next Steps in REO Pilot Program
Washington, DC - July 3, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that the winning bidders in a real estate owned (REO) pilot initiative have been chosen and transactions are expected to close early in the th...
FHFA’s Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac, and Federal...
Washington, D.C. - June 13, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its fourth annual Report to Congress, detailing the agency’s examinations of Fannie Mae and Freddie Mac, the 12 Federal Home Loan Banks (F...
NeighborWorks America Announces That More Than 1.3 Million Households Have Received Help From National...
Washington, D.C. - June 12, 2012 - (RealEstateRama) -- More than 1.3 million homeowners have received foreclosure prevention counseling by local nonprofits and state housing finance agencies participating in the National Foreclosure Mitigation Counseli...
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - May 29, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some AR...
NAI Capital’s Ventura Office Leases Double office Deals in the Topa Financial Plaza
OXNARD, CA - May 18, 2012 - (RealEstateRama) -- Bill Kiefer and Steve Doll from NAI Capital’s Ventura County office represented the Landlord, Topa Financial Plaza, in two separate lease transactions consisting of a 4,868 SF and 5,984 SF office suites...
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - March 27, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ...
ABA TO HOLD 26TH ANNUAL REGULATORY COMPLIANCE CONFERENCE JUNE 10-13 IN ORLANDO
WASHINGTON, DC - March 27, 2012 - (RealEstateRama) -- Raj Date, deputy director of the Consumer Financial Protection Bureau, will deliver a keynote address as part of the American Bankers Association’s annual Regulatory Compliance Conference on June ...
Permanent Modifications on Fannie Mae and Freddie Mac Loans Reach 1.1 Million; Loan Mod...
Washington, DC - March 19, 2012 - (RealEstateRama) -- Fannie Mae and Freddie Mac completed more than 2.1 million foreclosure prevention actions since the start of conservatorship including 1.1 million permanent loan modifications. These actions, design...
Housing Finance Reform and Comprehensive Tax Overhaul Highlight Apartment Industry’s 2012 Priorities For Capitol...
WASHINGTON, D.C. - March 13, 2012 - (RealEstateRama) -- The National Apartment Association (NAA) and National Multi Housing Council (NMHC) announced the apartment industry’s 2012 policy agenda today as part of the NAA Capitol Conference’s lobby day...
HUD AWARDS $23 MILLION TO TEST NEW ENERGY-SAVING APPROACHES IN OLDER MULTI-FAMILY HOUSING DEVELOPMENTS
WASHINGTON, DC - March 9, 2012 - (RealEstateRama) -- All across the country, owners of aging apartment complexes are looking for ways to reduce their energy consumption and save money. In order to test new and innovative ways to cut energy bills and to...
Home Builders Announce Housing Finance System Reform Plan
WASHINGTON, D.C. - March 2, 2012 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today announced a new comprehensive framework for housing finance system reform that would transition Fannie Mae and Freddie Mac to a new mortgage s...
JOHNSON OPENING STATEMENT ON HOUSING FINANCE HEARING
WASHINGTON, DC - February 29, 2012 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held the second in series of hearings on the state of the housing market and barriers to economic recovery. The Committee heard from HU...
FHFA Announces Pilot REO Property Sales in Hardest-Hit Areas
Washington, DC - February 27, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced the first pilot transaction under the Real Estate-Owned (REO) Initiative, targeted to hardest-hit metropolitan areas — Atlanta, Chica...
Notice of Funding Availability – Competitive Housing Assistance for Multifamily Properties (CHAMP)
WASHINGTON, D.C. - February 24, 2012 - (RealEstateRama) -- The Department of Economic and Community Development (DECD) is pleased to announce a Notice of Funding Availability (NOFA) which is directed to owners of either existing affordable and/or workf...
NMHC/NAA Commend Regulators For Advocating a Separate Multifamily Solution In Housing Finance Reform
WASHINGTON, D.C. - February 22, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) released a strategic plan for the future of the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac today. The following is a statement ...
FHA ANNOUNCES PILOT PROGRAM TO ACCELERATE FINANCING OF LOW-INCOME HOUSING TAX CREDIT PROJECTS
WASHINGTON, DC - February 13, 2012 - (RealEstateRama) -- The Federal Housing Administration (FHA) today unveiled a new pilot program to test an accelerated approval process for the purchase or refinancing of multi-family rental properties assisted thro...
District of Columbia Homeowners to Get $40 Million in Mortgage Settlement, DC Attorney General...
WASHINGTON, D.C. - February 13, 2012 - (RealEstateRama) -- Local homeowners are eligible for tens of millions of dollars in mortgage principal reductions and mortgage refinancing savings under a national settlement that state and federal enforcement ag...
Access Media 3 Receives $30M in Funding
Oak Brook, IL - February 9, 2012 - (RealEstateRama) -- Media services provider Access Media 3 (“AM3”) has received $30 million in funding from ORIX Venture Finance and Petra Capital Partners. This cash infusion supports AM3’s aggressive strategic...
Refinance Activity Increases as Rates Hit Survey Lows
WASHINGTON, D.C. - February 8, 2012 - (RealEstateRama) -- Mortgage applications increased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Febru...
FinCEN Requires AML Program and SAR Filing for Non-Bank Mortgage Lenders and Originators Reporting...
VIENNA, VA - February 7, 2012 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today finalized regulations that require non-bank residential mortgage lenders and originators to establish anti-money laundering (AML) programs and f...
Apartment Industry Continues Recovery, Survey Says
WASHINGTON, D.C. - February 2, 2012 - (RealEstateRama) -- Market conditions continued to improve for the multifamily industry across all areas, according to the latest National Multi Housing Council (NMHC) Quarterly Survey of Apartment Market Condition...
