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Finance, Economy & Government Issues Archive


Pending Home Sales Rise Again

RISMEDIA, April 29, 2011—March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 5.1 percent to 94.1 in March from ...


HUD Awards $23 Million to 22 Local HIV/AIDS Housing Programs

RISMEDIA, April 29, 2011—Recently, the U.S. Department of Housing and Urban Development announced that more than a thousand extremely low-income persons living with HIV/AIDS will continue to receive permanent housing as a result of $23 million in grants. During each of the next three years, this HUD funding will help ...


Study Examines the Impact of Homebuyer Education and Counseling on Mortgage Performance

RISMEDIA, April 29, 2011—Potential homeowners who participate in pre-purchase education and counseling programs may be more likely to pay their mortgages on time, although the evidence on this point is not consistent and compelling, according to a study released today ...


Mortgage Bankers’ Commercial/Multifamily Originations up 44 Percent

RISMEDIA, April 28, 2011—Commercial and multifamily mortgage origination volumes increased 44 percent in 2010 over the previous year, with mortgage bankers reporting $118.8 billion of closed commercial and multifamily loans, according to the Mortgage Bankers Association's 2010 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation. ...


Regional Spotlight: Greater Washington D.C.’s Top ‘Green’ Neighborhoods Unveiled by MRIS

RISMEDIA, April 28, 2011—As Americans widely embrace the “green revolution,” residents of the greater D.C. area interested in eco-friendly living should check out the newly released Top Green Neighborhood list published by MRIS, the nation’s largest multiple listings service (MLS) which offers nearly 75,000 local homes listings via its consumer ...


Success in Real Estate Investing Is All about Perspective

RISMEDIA, April 19, 2011—Everybody wants to be an entrepreneur, but no one wants to be a landlord. What’s up with that? As if tenants are some kind of outcasts who bring a chill to your spine with just the sound of their voice. “I don’t want to hear them complain ...


Congressman Duncan Hunter to Co-Chair 1parkplace Real Estate Symposium

RISMEDIA, April 13, 2011—1parkplace has announced it will be hosting a “Real Estate and Housing Symposium,” on April 21, 2011, at the Marriott Marina in San Diego, Calif. The event kicks off a national campaign to “Bring Back Our U.S. ...


Major Legislation in 2011: How Brokers Can Impact the Issues

RISMEDIA, April 12, 2011—The Power Broker Roundtable is brought to you by the National Association of REALTORS® and Charlie Oppler, NAR’s Special Liaison for Large Firm Relations. Watch for this column each month, where we address broker issues, concerns and ...


Affordable Housing Providers Dominate Apartment Industry’s Largest Owners, According to Annual Ranking of 50 Largest Firms

RISMEDIA, April 12, 2011—The apartment industry made a surprising recovery in 2010 from the "Great Recession," and that recovery is reflected in the 2011 NMHC 50, the National Multi Housing Council's annual ranking of the 50 largest apartment owners and ...


March Housing Scorecard Shows Continued Need to Advance Market Stabilization

RISMEDIA, April 7, 2011—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the March edition of the Obama Administration's Housing Scorecard. Officials caution that the latest housing figures underscore fragility in the housing market and the need to continue efforts to ...


New Homes Strengthen Economy Year-Round

RISMEDIA, April 7, 2011—While the housing industry celebrates “New Homes Month” in April, home builders want Americans to know just how much of a positive, direct impact residential construction has on the U.S. economy throughout the entire year. ...


Reaction Overflows to Fed’s New Mortgage Rules

RISMEDIA, April 7, 2011—(MCT)—Federal regulators recently asked for public comment by June 10, 2011 on their proposal to require lenders that package mortgages for the secondary market to assume some of the risk of those loans. The regulators didn't need to ask, however, as there has been no lack of ...


Foreclosures Offer New Twist on Old Game: Flipping Houses

RISMEDIA, April 4, 2011—(MCT)— What started as a hobby for Keith Gamble is now a risky, exciting, full-time job: buying properties at the monthly foreclosure sale and flipping them. Gamble, and others like him, are a new generation of property flippers who buy at low prices at a foreclosure auction, ...


Talks to Settle Foreclosure Probes Could Take Months

RISMEDIA, April 4, 2011—(MCT)—Talks to settle state and federal investigations into botched foreclosure paperwork will be going on for a long time, government officials note after holding their first face-to-face meeting with top bank executives. ...


Reforming America’s Housing Finance Market

RISMEDIA, April 2, 2011—The National Association of REALTORS® (NAR) recognizes the need for an orderly transition from the current form of the secondary mortgage market to a new structure that removes some of the pitfalls under the old GSE structure. ...


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