Thursday, December 19, 2024

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OFHEO Releases New Mortgage Market Note About The Conforming Loan Limit And High-Cost Areas

Washington , DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has published a new Mortgage Market Note on the conforming loan limit. The Note provides background information on the potential implications of increasing the conforming loan limit in high-cost areas, as proposed in pending House and Senate legislation.

HUD reports progress in “Operation FedRent”

WASHINGTON - Federal employees who fail to report their income to qualify for housing assistance they would not otherwise be eligible for stand to lose their jobs, pay steep fines and face possible criminal penalties.

Online Real Estate Firms Adopt New Publishing Format

Leading online real estate companies Yahoo! Real Estate, Zillow.com®, and Trulia.com today announced they will share a new standard data format for the distribution of real estate listings online.

Freddie Mac Purchases $198 Million Capmark Mortgage Pool

McLean, VA - December 31, 2007 - Freddie Mac (NYSE:FRE) announced that it has purchased a $198 million pool of cross-collateralized, cross-defaulted mortgages from Capmark Finance, Inc (Capmark Finance). Freddie Mac put together a flexible financing solution for the borrower, Capri Capital Partners, LLC, that met its tight timeline to acquire Capri Apartments.

Live Demonstrations will be Focus of SIPA Village Exhibit at International Builders’ Show

ORLANDO, December 28, 2007 - Builders looking to learn how to build green homes with structural insulated panels can get their questions answered at the Structural Insulated Panel Association’s “SIPA Village” exhibit at International Builders’ Show, February 13-16, in the Orange County Convention Center.

Newly Launched Mortgage Relief Formula Helps Homeowners Stop Foreclosure, Lower Payments Without Getting New...

More homeowners are turning to the newly launched Mortgage Relief Formula for do-it-yourself secrets of stopping foreclosure and getting out of crushing mortgage debt. New Mortgage Relief Formula home study course reveals secrets of how to get mortgage lenders to lower their payments without refinancing. Homeowners learn how to sell their own house in days, without a broker, and how to sell when they owe more than their house is worth

FORECLOSURE ACTIVITY DECREASES 10 PERCENT IN NOVEMBER

IRVINE, Calif. – Dec. 19, 2007 – RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its November 2007 U.S. Foreclosure Market Report, which shows a total of 201,950 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported during the month, down 10 percent from the previous month but still up nearly 68 percent from November 2006.

Commercial Real Estate Fundamentals Are Sound But Investment Slowing

WASHINGTON, December 19, 2007 - The fundamentals in commercial real estate remain healthy with only slight increases in vacancy rates expected for the office and industrial sectors during 2008, although credit restrictions have recently slowed overall investment activity, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of Realtors

Realtors(R) Urge President To Sign Tax Relief Bill Quickly To Ease Foreclosure Burdens

WASHINGTON, December 18, 2007 - Many families and individuals are one step closer to seeing tax relief, thanks to the passage of the Mortgage Cancellation Tax Relief Act by the U.S. Senate and House of Representatives, according to the National Association of Realtors

Comptroller Dugan Commends Plan to Assist Subprime Borrowers

WASHINGTON - December 6, 2007 - Comptroller of the Currency John C. Dugan issued the following statement today at the Department of the Treasury press conference announcing a plan to assist a key segment of subprime borrowers to modify their mortgages and avoid foreclosures

25 Trends Driving Todays Market

It’s a turbulent time for many real estate practitioners — but headlines about sluggish sales and tighter financing hardly capture the whole story. More than ever, you need to be up to speed on the wide-ranging phenomena driving today’s dodgy marketplace.

Call for Papers for Greenbuild 2008 Now Open

Washington, DC - December 6, 2007 - The U.S. Green Building Council (USGBC) has opened the call for papers for educational sessions at the Greenbuild International Conference and Expo, which will be held November 19-21, 2008 in Boston, Massachusetts. The theme of the seventh annual conference will be Revolutionary Green: Innovations for Global Stability. All session proposals must reinforce the conference theme.

November 2007 Foreclosure Report Issued By Propertyshark.Com; Increases in Los Angeles, New York City...

PropertyShark.com today released its November 2007 report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City. The number of new Seattle foreclosures jumped 118% in November 2007 over October 2007, and 33% over November 2006. The number of foreclosures rose in Los Angeles, 13.09% higher than last month and 233.7% higher than the same month in 2006. There were 643 residential foreclosure auctions scheduled in Miami-Dade County for November 2007

Rental payments continue for remaining Katrina/Rita households in rental housing

WASHINGTON - December 4, 2007 - Thousands of residents displaced by the 2005 Gulf Coast hurricanes are continuing to have their rent paid through a new government initiative, the Disaster Housing Assistance Program, which is being administered by the U.S. Department of Housing and Urban Development (HUD) on behalf of the Federal Emergency Management Agency (FEMA)

Mortgage Applications Surge In Latest MBA Weekly Survey

WASHINGTON, D.C. - December 05, 2007 - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 30, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 791.8, an increase of 22.5 percent on a seasonally adjusted basis from 646.3 one week earlier

High-Tech Homes

From advanced home sensors to computerized wine cellars, today’s cutting-edge homes are starting to think on their own. Learn about the latest gadgets and trends

As Low-Income Households Struggle To Heat Their Homes, Menendez Works With Colleagues To Secure...

Washington, D.C. - December 4, 2007 - U.S. Senator Robert Menendez (D-NJ) is working to add an additional $1 billion in funds to the Low Income Home Energy Assistance Program (LIHEAP) to help families who are struggling with rising energy costs this winter. Sen. Menendez joined Senator Jack Reed (D-RI) in asking the president for an additional $1 billion in funding (Menendez.senate.gov/pdf/120307LIHEAPletter.pdf); he is also a co-sponsor of legislation Sen. Bernard Sanders (I-VT) introduced today – the Keep Americans Warm Act of 2007 would also increase funding to LIHEAP by $1 billion

Subprime Woes Hit Buyers With Good Credit

The assumption that the subprime mortgage crisis is limited to buyers with poor credit is mistaken, according to an analysis prepared for The Wall Street Journal, which examined more than $2.5 million in subprime loans made since 2000.

MBA Hails Paulson’s Plan for Tax Exempt Bonds for Mortgage Refis

Washington, DC - December 3, 2007 - Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) applauded a proposal unveiled today by Treasury Secretary Henry Paulson to expand tax-exempt qualified mortgage bond programs to refinance existing loans. Under current law, these tax exempt bond programs can only be used to support purchase loans.

Americas Watchdog Simplifies The Mortgage Process With A Free How To Guide To Finance...

Americas Watchdog along with its Homeowner Consumer Center have just come up with a free and easy to understand guide, designed to help every homeowner with the mortgage process

Business Real Estate Press Releases

RESO Announces 2025 Board of Directors Election Winners

RESO Announces 2025 Board of Directors Election Winners

The results of the Real Estate Standards Organization (RESO) 2025 Board of Directors election have been announced for five open seats, director appointments and the board’s Executive

Recent Gov & Nonprofit Real Estate Press Releases

NAR

National Association of Realtors® Unveils 10 Top Housing Hot Spots for...

The National Association of Realtors® today announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact