Yearly Archives: 2019
LEAD Innovation Fund Would Spur New Technologies, Reduce Prohibitive Costs of Lead Testing
The Center for American Progress released a new reportoutlining a proposal—the Lead Exposure Activity Detection (LEAD) Innovation Fund—to reduce the prohibitive costs of testing for poisonous lead. Currently, nearly half of schools in the United States have not tested for the presence of lead
Statement by Secretary Mnuchin on Mortgage Relief for Federal Employees Affected by Shutdown
U.S. Treasury Secretary Steven T. Mnuchin issued the statement below commending the efforts of mortgage lenders, mortgage servicers, and other financial institutions that are working to assist those who may face financial hardships resulting from the federal government shutdown.
Eddy Perez, CMB, Appointed Chairman of MORPAC for 2019-2020
The Mortgage Bankers Association (MBA) has announced that Eduardo "Eddy" Perez, CMB, President of Equity Prime Mortgage, LLC, has been appointed chairman of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2019-2020 election cycle.
Shutdown’s Pain Cuts Deep for the Homeless and Other Vulnerable Americans
Ramona Wormley-Mitsis got welcome news in December: After years of waiting, the federal government had approved a subsidy that allowed her to rent a three-bedroom house
Top Tips For Buying Your First Home
Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.
How Jerome Karam, Friendswood Attorney, and Altitude Trampoline Park Are Helping Their Community
Jerome Karam is a familiar figure in the Friendswood area. He has his own legal firm and has experienced plenty of success representing 1000’s of clients in a span of 10 years. In addition to his work as an attorney, Karam is also one of the most relevant real estate developers in the Southwestern Louisiana and Texas areas.
GINNIE MAE EXECUTIVE VICE PRESIDENT BRIGHT STEPS DOWN
The Department of Housing and Urban Development (HUD) and the Government National Mortgage Association (Ginnie Mae) today announced Executive Vice President and Chief Operations Officer Michael Bright will be stepping down on January 16
Homeownership Part of “American Dream”; Housing Costs Deterrent for Non-Owners
Homeowners and non-homeowners both strongly consider homeownership part of the American Dream. That is according to new consumer survey data from the National Association of Realtors®, which revealed that among those polled, approximately 75 percent of non-homeowners believe
Alden Knowlton Promoted to Associate Vice President of Political Affairs
Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), today announced that Alden Knowlton has earned the promotion to Associate Vice President for Political Affairs within the association's Legislative and Political Affairs team, effective immediately.
Remodelers’ Confidence Holds Relatively Steady in Fourth Quarter
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 57 in the fourth quarter of 2018, only one point lower than the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower—since the second quarter of 2013.
December New Home Purchase Mortgage Applications Decreased 6.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2018 shows mortgage applications for new home purchases decreased 6.1 percent from a year ago. Compared to November 2018, applications decreased by 13 percent. This change does not include any adjustment for typical seasonal patterns
CONSTRUCTION COSTS DIP IN DECEMBER BUT MOST MATERIALS AND SERVICES PRICES ACCELERATE IN 2018;...
After a year marked by numerous price spikes, construction costs declined in December but remained elevated compared to year-earlier prices, while prices of new buildings also moved higher, according to an analysis by the Associated General Contractors of America of new Labor Department data.
The Boulder Group Arranges Sale of a $12.8 Million Single Tenant Jewel-Osco Grocery
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Jewel-Osco property located at 150 W Main Street, Barrington, Illinois for $12,800,000.
Fears of housing downturn may have been overblown
But the National Association of Home Builders (NAHB) said Wednesday that builder confidence spiked last month thanks to a drop in interest rates.
Fears of housing downturn may have been overblown
The housing market is flashing signs of a bounce back in 2019. Home sales slowed last year as interest rates rose, and home values, which had risen for years, appeared to peak in many parts of the country. The government-backed mortgage financing
Experts Lay Out Their Predictions for the US Housing Market in 2019
Last year, many observers expressed their concerns about the new tax laws and what effect they could have on the housing market. However, the limitations placed on property tax and mortgage interest deductions did not have the dampening effect they expected. As a matter of fact, rising home prices and rising mortgage rates did more to slow down the market
Hanley Investment Group Completes Sale of Single-Tenant Jack in the Box in Fontana for...
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of a brand-new, single-tenant Jack in the Box in Fontana, California. The sale price was $2,375,000.
National Institute of Building Sciences Issues Interim Report on the Value of Mitigation
Four years after the National Institute of Building Sciences Off-Site Construction Council (OSCC)conducted an initial survey to gain an understanding of how the U.S. construction sector is using off-site construction techniques and technologies
REALTOR® Magazine Seeks Entries for 2019 Volunteering Works Program
According to the National Association of Realtors®' Community Aid and Real Estate report, nearly 70 percent of Realtors® volunteer in their community each month. Realtors® play a critical role in the process of buying and selling homes, and many help make their communities better places to live and work by undertaking various impactful volunteer projects.
Bill Packer of American Financial Resources Named New MBA Chair of RESTECH
The Mortgage Bankers Association (MBA) today announced that Bill Packer, Executive Vice President and Chief Operating Officer at American Financial Resources, Inc. (AFR), is the new chairman of its Residential Technology Forum (RESTECH).
