Yearly Archives: 2011

WASHINGTON, D.C. - February 9, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 4, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.9 percent compared with the previous week.

San Diego, CA - February 9, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today awarded Catherine Rodewald, Vice President of Prudential Mortgage Capital Company, with the CREF Distinguished Service Award at the Association's 21st Annual Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo held in San Diego, CA. The award was given to Rodewald in recognition of her dedication and prominent service to MBA and the mortgage lending industry.

SACRAMENTO - February 9, 2011 - (RealEstateRama) -- The Center for Green Schools at the U.S. Green Building Council (USGBC) and the City of Sacramento announced today that the Sacramento City Unified School District will be one of the first to obtain a Center for Green Schools Fellow.

BEDFORD, N.H. - February 8, 2011 - (RealEstateRama) -- At its recent meeting, New Hampshire Housing Finance Authority’s Board of Directors approved the commitment of just over $1 million in federal HOME Investment Partnership funds that will be used to add 25 new affordable rental units to the state’s housing supply. In addition, this project will retain or create approximately 60 construction-related jobs during these challenging economic times.

Pierre, SD - February 8, 2011 - (RealEstateRama) -- South Dakota Housing Development Authority (SDHDA) is now accepting applications for the Emergency Shelter Grants Program. The Emergency Shelter Grants (ESG) Program, which is funded by the U.S. Depar...

PIERRE, S.D. - February 8, 2011 - (RealEstateRama) -- Citizens across South Dakota are invited to review and provide comments on South Dakota Housing Development Authority’s (SDHDA) Neighborhood Stabilization Program Plan (NSP) and its appropriation ...

FALLS CHURCH, VA. - February 8, 2011 - (RealEstateRama) -- Noblis, in collaboration with CTG Energetics and the U.S. Green Building Council (USGBC), is pleased to announce the release of the U.S. General Services Administration’s (GSA’s) Sustainable Facilities Tool

ATLANTA, GA - February 8, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., announced today the appointment of Greg Janicki to the position of southeast regional manager. Janicki will be reporting to Rick Floyd, REMN’s managing director of retail sales and will oversee a team of more than 100 people across REMN’s Georgia and Florida branches

San Diego, CA - February 7, 2011 - (RealEstateRama) -- Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 – an increase of 36 percent from 2009, according to preliminary estimates based on the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

San Diego, CA - February 7, 2011 - (RealEstateRama) -- Of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors, only 11 percent of the total ($155 billion) will mature in 2011, and 9 percent ($125 billion) in 2012 according to today’s release of the Mortgage Bankers Association’s (MBA) 2010 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. The survey found that maturities vary considerably by the type of investor holding the loan

Chicago, IL - February 7, 2011 - (RealEstateRama) -- The John D. and Catherine T. MacArthur Foundation today announced nine grants totaling $5.6 million for research to explore the role housing plays in the long-term health and well-being of children, families, and communities. Recipients will mine and connect existing data sets, such as the U.S. Census and school statistics, in new ways to reveal insights into the effectiveness of housing policies and related public programs

DENVER, CO - February 7, 2011 - (RealEstateRama) -- Dena Pastorini, a leading real estate professional, has joined Kentwood City Properties in downtown Denver as a Broker Associate. Pastorini brings a wealth of sales and marketing experience to Ken...

Cleveland, OH - February 7, 2011 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online lender and a top-five retail mortgage lender, paid off a client’s mortgage today as part of its “Thanks a Million” contest. Daniel Carbo of Colchester, Connecticut, received the great news during a center court presentation at this evening’s Cleveland Cavaliers basketball game at Quicken Loans Arena. Two other contenders for the grand prize, Ryan and Tonya Rasnake from Cedar Bluff, Virginia, and Richard and Valerie Purvis from East Haven, Connecticut, each received $5,000 as runners-up in the sweepstakes at tonight’s game.

WASHINGTON, D.C. - February 7, 2011 - (RealEstateRama) -- On Friday, February 4, 2011, the Mortgage Bankers Association, (MBA) submitted the attached comment letter to the Financial Crimes Enforcement Network (FinCEN) in response to FinCEN’s proposal to expand its anti-money laundering programs to help reduce mortgage fraud against lenders through a Suspicious Activity Report (SAR) reporting requirement (Notice of Proposed Rulemaking 1506-AB02).

Destin, FL - February 7, 2011 - (RealEstateRama) -- Despite the financial hardship it would trigger, Americans are divided on whether the U.S. government should take action to halt the foreclosure crisis. The stunning result was delivered in a new opinion poll taken by Housing Predictor.

San Diego, CA - February 7, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers as of the end of December 31, 2010. On top of the list of firms is Wells Fargo with $451.1 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.4 billion, Berkadia Commercial Mortgage with $194.9 billion, Bank of America Merrill Lynch with $126.6 billion, and KeyBank Real Estate Capital with $118.9 billion

WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- U.S. Senators Olympia J. Snowe (R-Maine), Dianne Feinstein (D-California) and Jeff Bingaman (D-New Mexico) applauded President Obama’s support for provisions in S. 1637, the Expanding Build...

Chicago, IL - February 4, 2011 - (RealEstateRama) -- Susan, a seasoned Real Estate agent, spent hours on her Facebook Fan page trying to attract home buyers and prospects but had poor results. Today her social network is steadily growing as a source of business and she spends less than 5 minutes a week working on it.

WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- On Friday, February 4, 2011, the Mortgage Bankers Association, (MBA) submitted the attached comment letter to the Financial Crimes Enforcement Network (FinCEN) in response to FinCEN’s proposal to expand its anti-money laundering programs to help reduce mortgage fraud against lenders through a Suspicious Activity Report (SAR) reporting requirement (Notice of Proposed Rulemaking 1506-AB02).

WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- Jamie Woodwell, Vice President of Commercial/Multifamily Research for the Mortgage Bankers Association (MBA), testified today before the Congressional Oversight Panel at a hearing titled, " Commercial Real Estate's Impact on Bank Stability."