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Mortgage reset bill vote likely next week
WASHINGTON, Nov. 8, 2007 — The House Judiciary Committee has decided to resume consideration next week of a bill that seeks to revise sections of the U.S. Bankruptcy Code and give judges power to modify certain terms in existing mortgages.
Senate Banking Chairman Dodd Introduces Bills To Help Lower Costs For Homeowners And Businesses...
Washington, D.C., November 9, 2007 -- Recognizing that immediate assistance is needed for those living near coastal areas who are grappling with skyrocketing property insurance premiums, Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, today introduced two bills to help American homeowners and businesses lessen the financial strain experienced as a result of natural disasters
Best Cities to Live Well and Affordably
One of the best ways to live well is to choose a hometown that has access to arts, leisure, and entertainment offerings – plus a low cost of housing.
House Approves Disaster Insurance Legislation
The House of Representatives on Thursday approved a bill that would help protect insurance markets in disaster-prone states from suffering devastating losses in the event of a catastrophic natural disaster.
House Passes Klein-Mahoney Homeowners Insurance Bill
Innovative and Common-Sense Legislation Eliminates Federal Bailouts and Provide Property Owners Relief by Increasing Acess and Lowering Insurance Rates
Home Prices Decline, Foreclosures Rise, But Houses Keep Coming
COLLEGE STATION, TX, – Nov. 8, 2007 – With new homes springing up across the country, it is easy to forget that the housing market has fallen on hard times. But economist Dr. Mark Dotzour says the continued construction is simply a matter of survival for home builders.
The economic outlook
November 8, 2007 -- Chairman Schumer, Vice Chairman Maloney, Representative Saxton, and other members of the Committee, thank you for inviting me here this morning to present an update on the economic situation and outlook.
Five Solutions for a Troubled Housing Market
How do you fix a troubled housing market? Forbes.com asked that question of a broad range of housing experts, including CEOs of real estate firms, real estate practitioners, economists from lending institutions, and research directors at analytics firms. Here are five of their best suggestions.
CUNA advises balance in House mortgage bill
WASHINGTON, November 7, 2007 -- The Credit Union National Association (CUNA) Tuesday said it supports legislation intended to eliminate predatory mortgage lending practices, but advised that some provisions are "more appropriately tailored" for the mortgage brokerage industry than for depository institutions.
New Report Outlines Methods for Increasing Investments in Supportive Housing
WASHINGTON - November 7, 2007 - The Supportive Housing Investment Partnership, a collaboration between Enterprise Community Partners and the Corporation for Supportive Housing, recently released a comprehensive update on how states are using innovative policies to produce permanent affordable housing with support services to address homelessness.
Consumer Alert — Mortgage Foreclosure Scams
Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts before you pay someone to help you work out your mortgage problems.
HUD reports drop in number of chronically homeless persons living on nation’s streets
WASHINGTON - For the first time ever, the U.S. Department of Housing and Urban Development is reporting a nearly 12 percent decrease in the number of chronically homeless persons living on the nation's streets. HUD's analysis found that more than 20,000 persons moved from the streets into transitional and permanent supportive housing between 2005 and 2006
Home Owners Still Remodeling, But Watching
Interest in remodeling remains high, but home owners are more conservative about costs in light of declining home prices, a survey of 5,000 U.S. home owners by Remodelestimates.com found.
FTC Staff Files Mortgage Disclosure Comments With Banking Agencies
The Federal Trade Commission today released staff comments to the federal banking agencies – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration – in response to their request for comments on proposed illustrations of consumer information for subprime mortgage lending. In their comments, FTC staff support the agencies’ efforts to develop mortgage disclosures to help subprime borrowers make better informed decisions.
Chairman Thompson Introduces The Safe and Healthy Emergency Housing Act
WASHINGTON, November 6, 2007 – Today, Rep. Bennie G. Thompson (D-MS), Chairman of the Committee on Homeland Security, released the following statement of introduction for H.R. 4079, the “Safe and Healthy Emergency Housing Act of 2007”
FTC Staff Files Mortgage Disclosure Comments With Banking Agencies
Washington, D.C., November 1, 2007 -- The Federal Trade Commission today released staff comments to the federal banking agencies – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration – in response to their request for comments on proposed illustrations of consumer information for subprime mortgage lending.
Real Estate Industry Groups Warn of Severe Economic Impact from Proposed Tax Increase on...
WASHINGTON, Nov 2 /PRNewswire-USNewswire/ -- A proposed tax increase on a partnership's long-term investment return that was approved yesterday by the House Ways and Means Committee poses a severe economic threat to economic growth, jobs and the tax base, according to a group of twelve national real estate organizations.
Tax Surprise After the Short Sale
After the Short Sale: Taxing What Isn't There Too often, real estate practitioners are unaware of the tax liabilities arising from the cancellation of debt and fail to advise their clients accordingly.
Video – New National Poll: Majority of Americans Oppose Expanded Role for Government in...
WASHINGTON, Nov. 1 /PRNewswire/ -- As Congress debates how to solve the mortgage credit crunch, a new survey by Freedom Works indicates a majority of Americans don't want Uncle Sam to foot the bill
FPA President Reacts to Paulson and Bernanke Comments on Mortgage Crises
WASHINGTON, D.C., October 17, 2007 -- The president of the Financial Planning Association® (FPA®) says homeowners on the cusp of foreclosure due to subprime loans need to evaluate their options now, and not wait for a foreclosure notice before taking action
U.S. National
NAHMA Seeks Developers and Managers of Exceptional New Affordable Housing
Take a look at the National Affordable Housing Management Association (NAHMA)’s 2025 Affordable Housing Vanguard Awards application before beginning the spring cleaning routine on your
U.S. Green Building Council Announces Top 10 U.S. States for Green Building in 2024
The U.S. Green Building Council (USGBC), the leading authority on green building and the global developer of the LEED green building program, released its annual list of the Top 10 States for
New Interactive Map Showcases NYC’s Growing Community Land Trust Movement
On Wednesday, New Economy Project released the NYC Community Land Trust (CLT) Map, an interactive tool highlighting New York City’s growing community land trust (CLT) movement. The digital map features detailed profiles of 19 CLTs
Kaptur, Murray Demand Answers on Trump Administration Freezing Energy Department Investments to Lower Americans’...
Congresswoman Marcy Kaptur (OH-09), Ranking Member of the House Appropriations Subcommittee on Energy and Water
FHFA House Price Index Up 0.3 Percent in November; Up 4.2 Percent from Previous...
U.S. house prices rose 0.3 percent in November, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2
HUD Updates Options to Help Homeowners Keep Their Homes
Revised Federal Housing Administration loss mitigation waterfall includes updates to tools for mortgage servicers helping borrowers who fall behind on their mortgage payments.
CONSTRUCTION SPENDING EDGES UP DECEMBER DESPITE DECLINES IN MULTIFAMILY AND INFRASTRUCTURE AS THREAT OF...
Total Spending Up from November at $2.19 Trillion Seasonally Adjusted Annual Rate amid Strong Demand for Single Family
U.S. Department of the Treasury Releases Report on Personal Auto Insurance Markets and Technological...
The U.S. Department of the Treasury’s (Treasury) Federal Insurance Office (FIO) today released its Report on Personal Auto Insurance .
DOE Announces New Tools Making it Easier for Home Contractors to Install Energy Saving...
In support of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) today released new resources to help American households and home
Cash Buyers vs. Mortgage Buyers: What Sellers Should Consider
Selling a home can feel overwhelming, especially when deciding between cash buyers and mortgage buyers. Each option has unique pros and cons, and your choice will depend on your
Limited Existing Inventory Provides a Boost for New Home Sales
A limited amount of existing inventory along with solid demand helped new home sales end the year on an up note, even as buyers continue to grapple with housing affordability challenges.
How Rising Interest Rates Impact Mortgage Loan Processing
The mortgage industry faces new operational challenges because interest rates keep increasing. As part of this industry transition, lenders now need to follow different procedures for home loan processing. Higher interest rates introduce complications that affect lenders' and borrowers' operations.
San Pedro de Pinatar: The Perfect Location for Your Dream Apartment
If you are looking for the ideal place to invest in a luxury apartment in Spain, San Pedro de Pinatar should be at the top of your list. This charming coastal town, located on the Costa Calida, offers an exceptional blend of modern comfort, natural beauty, and traditional Spanish charm.
Existing-Home Sales Ascended 2.2% in December
Existing-home sales climbed in December, according to the National Association of REALTORS®. Sales advanced in three major U.S. regions and slipped in the Midwest. Year-over-year
2025 Delta Media AI Survey Highlights Explosive Growth in Real Estate and Shifting...
The 2025 Delta Real Estate Leadership AI Survey reveals that the widespread adoption of artificial intelligence (AI) in real estate has become nearly ubiquitous.
Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’
Preparing Your HVAC System for Seasonal Transitions: A Comprehensive Guide
As the seasons change, so too do the demands on your heating, ventilation, and air conditioning (HVAC) system. Whether it's the heat of summer or the chill of winter, your HVAC system works
U.S. Department of Energy Reverses Biden LNG Pause, Restores Trump Energy Dominance Agenda
The U.S. Department of Energy (DOE) announced $32 million for six selected pilot projects that will support new load growth
National Housing Conference issues statement on the nomination of Bill Pulte for FHFA Director
David M. Dworkin, President and CEO of the National Housing Conference, issued the following statement in response to
FEMA Set to Open Altadena Disaster Recovery Center
FEMA is opening a Disaster Recovery Center (DRC) in Altadena to assist Californians who experienced damage to their primary home, personal property loss or have disaster-caused emergency
U.S. States
President Donald J. Trump Approves Emergency Disaster Declaration for Texas
FEMA announced federal disaster assistance has been made available to the state of Texas to supplement state and local recovery efforts in the areas affected by Hurricane Hanna from July 25, 2020, and continuing
FEMA Fire Management Assistance Granted for the Numbers Fire
The Federal Emergency Management Agency (FEMA) has authorized the use of federal funds to assist the State of Nevada in combating the Numbers Fire burning in Douglas County.
How Much Does It Cost To Start An LLC In Texas?
In the process of setting up your Texas LLC, you'll be faced with quite a few expenses. Some of these are required by legislation, and others are just recommended. We'll cover the costs of setting up an LLC in Texas and also provide you with the informatio
5 Benefits Of Using A Registered Agent In Texas
The services of a registration agent began as part of due process in the US Constitution. A lawsuit includes the legal right to be notified of claims or other legal matters. Here are some brief things that will help explain what a Registered Agent Service In Texas
Avoid TV Tip-Over Incidents During Super Bowl LIV with Safety Tips
The New York State Division of Consumer Protection (DCP) is alerting consumers about the dangers of television (TV) tip-over hazards. Millions of New Yorkers will watch the Super Bowl this Sunday either on TVs at home or at parties with friends. DCP is taking this TV-focused occasion to remind consumers of critical TV safety tips.
Brand-New Single-Tenant Starbucks Drive-Thru Trades in Fresno, Calif. for $1,345 PSF
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 has completed the sale of a brand-new, single-tenant Starbucks
Rosenberg family home for the holidays – and prepared for future hurricanes
A Houston-area mom is sharing her Hurricane Harvey recovery story this holiday season, along with the importance of always being prepared for flood events.
5 Cities in Florida: Which One Makes for the Best Real Estate Investment Opportunity...
Fast-growing Florida has been a favorite of real estate investors for many years. With so much interest having been focused on the state, though, investors need to take care to seek the best available opportunities.
WALTER J. MAHONEY STATE OFFICE BUILDING TO BE SOLD
Office of General Services Commissioner RoAnn Destito today announced that the Senator Walter J. Mahoney State Office Building located at 65 Court Street in Buffalo will be sold at auction in 2020. A work group formed earlier this year made up of City, County, and State officials working with professional real estate consultants CBRE, determined that in the current competitive and robust Buffalo real estate market
Charleston South Carolina expected to outpace national real estate market averages through 2025
The National Association of Realtors® (NAR) recently identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are
WHAT IS THE EVICTION PROCESS IN CALIFORNIA?
Eviction is a dirty word for both tenants and the landlords that believe the time has come to remove one or more parties from an apartment. The process anywhere can lead to a strained relationship at best and a bitter acrimonious fight that ends up in the judicial system.
FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Katy, Houston and Spring from Monday, Dec. 9, to Saturday
Florida Tops ABC’s Annual Merit Shop Scorecard State Ranking for Second Year in a...
Associated Builders and Contractors released its 2019 Merit Shop Scorecard today, an annual ranking based on state policies and programs that encourage workforce development, career and technical education
Top 4 Places to Buy a Second Home in the US
There are about 7.4 million homes owned as a second home in the United States. For many people, their second home is a vacation home. This gives them a chance to get away and break routine while also having all of the comforts of being in their own home.
Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...
New Destiny was joined by supporters and colleagues to celebrate the opening of its newly constructed service-enriched affordable housing project - The Jennings - located in the Crotona Park East
HUD AWARDS $1.5 MILLION TO PUBLIC HOUSING AUTHORITIES TO ASSIST YOUNG PEOPLE AGING OUT...
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out
BLM NAMES VETERAN LAND MANAGER TO LEAD CALIFORNIA STATE OFFICE
The Bureau of Land Management today announced that Karen Mouritsen has been named the new California State Director—a key leadership position based in Sacramento. As State Director, Mouritsen will direct a team that manages lands encompassing 15% of the Golden State’s total land mass
California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns
Today, a federal jury found an Oakland-area real estate developer guilty for funneling tens of thousands of dollars through straw donors into two consecutive congressional campaigns
NYS OASAS ANNOUNCES OPENING OF NEW RECOVERY CENTER IN NEW YORK CITY
The New York State Office of Alcoholism and Substance Abuse Services (OASAS) today announced the opening of the new JLC Recovery and Wellness Center in New York City. JLC is operated by Exponents Inc. and provides free help and support services for people affected by addiction and for their families.
Robust U.S economy not a boost for black homeownership
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers
Popular
SIXTY PERCENT OF FIRMS WORKING ON HIGHWAY UPGRADES EXPERIENCED CARS CRASHING INTO THEIR WORK...
Annual Survey by HCSS and Associated General Contractors of America Finds Drivers and Passengers are at Greater Risk of Injury and Death in Work Zone Crashes As Officials Urge Drivers
New Home Sales Decline in May
Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
$17+ Million in Grants Will Help States, Local Communities Keep Waters Clean, Economies Thriving
Water-loving outdoor recreationists and local communities in 27 states will have additional resources to help boaters keep America’s waters clean, thanks to more than $17 million in Clean Vessel Act program grants from the U.S. Fish and Wildlife Service.
Port Aransas ready for return of summer tourism
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
OJO Labs: Five Months, Eight Major Awards
OJO Labs, a leading-edge technology company on a mission to empower consumer decision-making through its conversational AI assistant, OJO, won the highly coveted 2019 A-List Award among mid-sized companies from the Austin Chamber of Commerce in partnership with SXSW
Should I Rent Out my Property on Airbnb?
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...
The Rockefeller Foundation today announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax Cuts and Jobs Act. This effort will help ensure new investment delivers sustainable benefits for more than 30 million low-income Americans living in Opportunity Zones
Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...
Pauline Weaver Senior Apartments is located in the Warms Springs area of Alameda County and features 90 apartment homes for very low and extremely low-income seniors, near I-880 freeway, BART, shopping, services and other amenities.
VA’s Home Loan Guaranty program notifies Veterans of potential loan fee waivers
The U.S. Department of Veterans Affairs (VA) announced May 13 that Veterans who qualify for a VA Home Loan funding fee waiver are now being notified in their home loan eligibility certificate and disability compensation award letter.
A Stellar Idea: My Florida Regional MLS Reimagines the Multiple Listing Service
The nation's third-largest Multiple Listing Service, My Florida Regional MLS, will become Stellar MLS on June 4, 2019, in a move that totally reimagines the MLS. Currently serving 58,000 customers
NATIONAL ASSOCIATION OF HOME BUILDERS TO CO-HOST HUD INNOVATIVE HOUSING SHOWCASE
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department's inaugural "Innovative Housing Showcase." The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019
Department of the Interior: Yakima Water Plan Is a “Model” and “Holistic”
Yesterday, U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, asked the Department of the Interior about its commitment to the Yakima River Basin during a hearing on the president’s FY 2017 budget request. Deputy Secretary of the Interior Michael Connor agreed with Sen. Cantwell that the Yakima River Basin plan “is a model for the rest of the nation in water management.”
Energy Costs to Cook Thanksgiving Meal Up to 25% Lower in 2015
“Consumers Energy is thankful to be a part of holiday celebrations across the state as warm Thanksgiving memories are being made, and we are committed to providing many more generations of Michigan families with reliable, affordable energy in all seasons,” said Garrick Rochow, Consumers Energy’s vice president and chief customer officer
Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound
Department Enters into Consent Order with Equity Loans, LLC and its owners Eduardo Gutierrez...
Atlanta, Georgia - November 13, 2013 - (RealEstateRama) -- the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Equity Loans, LLC, License Number 23300, located at 1150 Hammond Dr., Building E, Suite 650, Atlanta, Georgia 30328, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act