Yearly Archives: 2017

Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 24, 2017. This week's results include an adjustment for the Thanksgiving holiday.

The U.S. Department of Housing and Urban Development (HUD) today awarded $615,922,000 to help hard-hit areas in the State of Florida to recover from Hurricane Irma. The grant announced today by the Trump Administration is provided through HUD's Community Development Block Grant – Disaster Recovery (CDBG-DR) Program and will support the repair of damaged homes, businesses, and critical infrastructure in the state.

James Timberlake, FAIA, partner from KieranTimberlake, the architecture firm that designed the new U.S. Embassy in London, will serve as keynote speaker of the Plenary Luncheon, to be held 12:00 – 1:30 pm, Wednesday, January 10, during Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference and Expo, in Washington, D.C.

The U.S. Department of Housing and Urban Development (HUD) today announced the agency has filed a fraud complaint against two former officials of the Alexander County (Illinois) Housing Authority (ACHA) for using public housing funds for personal travel and gifts and submitting false documentation to the Federal government.

The U.S. Department of Energy (DOE) announced nearly $25 million for a selected eight organizations to further the installation of cost-effective, highly efficient combined heat and power (CHP) technologies. The use of CHP can support U.S. economic competitive advantage, promote economic development, instill resiliency in businesses and communities, create and maintain local energy-related jobs, and provide solutions for modernizing energy generation and delivery.

Pending home sales rebounded strongly in October following three straight months of diminishing activity, but still continued their recent slide of falling behind year ago levels, according to the National Association of Realtors®. All major regions except for the West saw an increase in contract signings last month.

Overall cap rates for net lease medical properties compressed 25 basis points from the third quarter of 2016 to the third quarter of 2017. Investment grade tenants make up only 32% of the net lease medical sector

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Panera Bread located at 5500 West Touhy Avenue in Skokie, Illinois for $3,972,727. The property, constructed in 2016, was developed by The Missner Group.

Roughly every 90 seconds, somewhere in the United States, a new customer is going solar. As the solar market rapidly expands, one of the top questions among both homeowners and homebuyers centers around how to best determine the value of a solar system on a residential property.

Mercy Housing and CommonBond Communities announced their demonstration of a new financing execution with Freddie Mac that encourages the preservation of unsubsidized affordable housing, known as naturally occurring affordable housing (NOAH). This new “Impact Gap Financing” execution, offered by Freddie Mac, will give mission-driven nonprofits and socially-motivated impact investors an important financing tool to acquire and invest in NOAH properties and ensure they remain affordable for low-income and working families over the long-term

Demonstration device dynamically responds to sunlight by transforming from transparent to tinted while converting sunlight into electricity. Thermochromic windows capable of converting sunlight into electricity at a high efficiency have been developed by scientists at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).

A revolution in efficiency, convenience, and transparency for Airbnb hosts, AirGMS has developed a vital tool for thousands nationwide - from individual hosts to enterprises with over 300 listings. A fan-favorite alternative to the difficult interface of the Airbnb app, AirGMS is now available on both the Apple App Store and the Google Play Market, making it accessible to Airbnb managers on the go, no matter where their busy schedules take them.

Banks that originate residential mortgage loans have to decide how to manage the new asset, including whether to place the loan in portfolio or sell it into the secondary market. Increasingly many banks are opting to sell those loans, and the servicing rights, for a variety of reasons, including complex and costly servicing regulations. To ensure community banks get the top-tier pricing and service necessary to stay competitive in their local markets, the American Bankers Association has endorsed AmeriHome Mortgage Company’s secondary market services.

The president of Thornton Tomasetti, Raymond P. Daddazio, EngScD, PE, will serve as the Opening Keynote Speaker during Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference and Expo, to be held Tuesday, January 9, 8:00 am – 10:00 am ET, in Washington, D.C.

This year, Veterans Day also marks the first day of Hunger and Homelessness Awareness Week, an annual initiative to educate the public on how they can help fix the critical but solvable problems of homelessness and food insecurity.

U.S. Secretary of Energy Rick Perry announced a proposed $99 million in Fiscal Year 2018 funding for Energy Frontier Research Centers (EFRCs) to accelerate transformative scientific advances for the most challenging topics in materials sciences, chemical sciences, geosciences, and biosciences. Research supported by this initiative will provide fundamental understanding to enable future advances in energy production and use.

Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 17, 2017.