Washintgon, DC – The Loan Modification Scam Prevention Network, led by Fannie Mae, Freddie Mac (NYSE:FRE), the Lawyers’ Committee for Civil Rights Under Law and NeighborWorks America, today announced a national campaign to prevent loan modification scams through public education, complaint reporting and coordination with local, state, and federal enforcement agencies.
As part of the...
Read more »
Real Estate And Mortgage News
- HUD ADDS IMPORTANT CIVIL RIGHTS PROTECTIONS TO ITS GRANT PROGRAMS- For the first time in its history, the U.S. Department of Housing and Urban Development (HUD) will require grant applicants seeking HUD funding to comply with state and local anti-discrimination laws that protect lesbian, gay, bi-sexual, and transgender (LGBT) individuals. Today, HUD published […]
- HUD DEPUTY SECRETARY ANNOUNCES $22 MILLION AWARD FOR THE DALLAS HOUSING AUTHORITY TO REVITALIZE PUBLIC HOUSING, TRANSFORM SURROUNDING NEIGHBORHOOD- U.S. Housing and Urban Development (HUD) Deputy Secretary Ron Sims was at Turner Courts in Dallas today to announce the Dallas Housing Authority (DHA) will receive a $22 million HUD […]
- HUD SOLICITS PUBLIC COMMENT ON REFERRAL PRACTICES TO AFFILIATEDBUSINESSES THAT MAY VIOLATE RESPA- The U.S. Department of Housing and Urban Development published a notice seeking public comment today on how it might strengthen and clarify the […]
- Pending Home Sales Surge ContinuingPending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions. […]
- HUD AWARDS THE CHARLOTTE HOUSING AUTHORITY NEARLY $21 MILLION TO REVITALIZE PUBLIC HOUSING, TRANSFORM SURROUNDING NEIGHBORHOOD- U.S. Housing and Urban Development (HUD) Assistant Secretary Sandra B. Henriquez was at Boulevard Homes in Charlotte, N.C. today to announce the Charlotte Housing Authority will receive a $20.9 million HUD HOPE VI Revitalization grant to transform the Boulevard Homes public housing development into a mixed-income community. The housing authority developed […]
The Economy
- Manufacturers' Shipments, Inventories, and OrdersNew orders for manufactured goods in April increased $5.1 billion or 1.2 percent to $420.1 billion. April 2010: 1.2 % change March 2010: 1.7 % change […]
Loan Modification Scam Prevention Network
National Housing Survey
Our purpose was to gauge the public’s current attitudes toward housing, especially in light of the current housing crisis. This comprehensive research project asked more than 3,000 consumers about their confidence in homeownership as an investment, the current state of their household finances, their views on the U.S. housing finance system and their overall...
Read more »
New Construction Housing Sees Upturn
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2010:
Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 685,000. This is 7.5 percent (±1.3%) above the revised February rate of 637,000 and...
Read more »
Geen Housing
WASHINGTON, DC – The U.S. Department of Housing and Urban Development today announced that Washtenaw County, Michigan is being awarded a $250,000 grant to produce 30 new affordable green rental units in Ann Arbor. The County will use Avalon Housing, Inc., an established community-based affordable housing developer, to create these new apartments which will...
Read more »
FHA Mortgages Get Modern
FHA TO ACCEPT ELECTRONIC SIGNATURES ON THIRD PARTY DOCUMENTS
Action begins broader effort to modernize FHA’s application process
WASHINGTON, DC – The Federal Housing Administration (FHA) today announced plans to modernize the application process for FHA mortgage insurance, making the process easier for borrowers and faster for lenders. FHA will begin accepting electronic signatures on third...
Read more »
Action On Flood Insurance Renewal
The National Association of Realtors® said today that it will continue to press Congress for speedy action to renew authority for the Federal Emergency Management Agency to issue flood insurance under the National Flood Insurance Program that expired March 28.
Congress is on its spring recess and will return April 12.
Flood insurance is required by...
Read more »
How does radon get into buildings?
Studies of the geology of radon include research into how uranium and radon sources are distributed in rocks and soils, how radon forms in rocks and soils, and how radon moves. Studying how radon enters buildings from the soil and through the water system is also an important part of the geology of radon.
Radon...
Read more »
Investment Sales Down
Vacation-home sales recovered in 2009 while investment sales fell sharply, according to the National Association of Realtors®.
NAR’s 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2009, shows vacation-home sales rose 7.9 percent to 553,000 last year from 513,000 in 2008, while investment-home sales fell 15.9 percent to 940,000 in...
Read more »
Mortgage Rates Inch Up
McLean, VA – Freddie Mac (NYSE:FRE) released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent with an average 0.6 point for the week ending March 25, 2010, up slightly from last week when it averaged 4.96 percent. Last year at this time,...
Read more »
New Flood Plain Maps For Washington, DC
WASHINGTON, D.C. — Today, the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) began a six-month process to develop revised flood maps for Washington, D.C., designed to help local officials and residents identify known flood risks, and assist in making insurance and development decisions.
FEMA continues to update its flood hazard maps nationwide...
Read more »
New Lead Based Paint Rules
PHILADELPHIA, PA — A significant new rule from the U.S. Environmental Protection Agency dealing with lead-safe work practices goes into effect on April 22, 2010.
Anyone receiving compensation for renovating, repairing and painting work in residences built before 1978 that disturbs painted surfaces is subject to the new Renovation, Repair and Painting Rule (RRP)....
Read more »
Loan Modifications
Number of permanent modifications increases by 45 percent
WASHINGTON, DC – The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released February data for the Administration’s Home Affordable Modification Program (HAMP). As of the end of the month, more than one million borrowers were receiving a median savings...
Read more »
Greater Philadelphia Region
- Join Us For Art In The ParkFOR IMMEDIATE RELEASE May 25, 2010 Fox Chase’s own Larry Saklad, singer-songwriter @ Art In The Park June 5 On Saturday 6-5 from 1pm to 6pm, Larry Saklad, a longtime resident of Fox Chase/ Rockledge, performs 2 shows during Art In The Park, Lion’s Park – 7900 Oxford Ave (at Loney St). This annual outdoor event with [...] […]
- Green Up Clean Up PaloozaGreen Up Clean Up Palooza 1226 Paoli Pike West Chester, PA 19380 Saturday, May 22, 2010 3 PM to midnight Suggested donation of $10 The Green Up Clean Up Palooza Extravaganza Fundraiser Party hits West Chester, PA on Saturday, May 22 from 3 PM to midnight. The purpose of the event is to celebrate the launch of KD Clean and to [...] […]