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Finance, Economy & Government Issues Archive


Congress Urged to Focus on Energy Efficiency Incentives for Existing Housing Stock

RISMedia, June 14, 2011—As the Senate Energy and Natural Resources Committee hears testimony on a suite of energy efficiency bills, including legislation to make residential housing more energy-efficient, the National Association of Home Builders (NAHB) recently urged lawmakers to take into account the differences in energy savings between the newest, ...


Mortgage Rates Move Lower Following Weak Jobs Report

RISMedia, June 13, 2011— Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), which showed weaker than expected job growth in May pushing both fixed and adjustable-rate mortgages to new lows for the year. The 30-year fixed averaged 4.49 percent and the 15-year averaged ...


HUD Secretary Announces Disaster Assistance for Illinois Storm Victims

RISMedia, June 11, 2011—U.S. Housing and Urban Development Secretary Shaun Donovan recently announced HUD will speed federal disaster assistance to the State of Illinois and provide support to homeowners and low-income renters forced from their homes following severe storms and flooding during the month of April. ...


High Gas Prices Push Homebuyers to Go Green

RISMedia, June 9, 2011—In cities like Los Angeles, where the car is king, the thought of commuters leaving their automobiles behind and opting for public transportation once seemed unimaginable. But CBS Evening News recently reported that Los Angeles commuter rail ...


HUD Announces $3.6 Million Available to Help Communities Plan for Next Generation of Neighborhood Revitalization

RISMedia, June 9, 2011—The U.S. Department of Housing and Urban Development announced recently that $3.6 million in Choice Neighborhoods Planning Grants will be awarded in fiscal year 2011 to assist in the transformation, rehabilitation and preservation of public housing and privately owned HUD-assisted housing. ...


Market Snapshot: A Ray of Sunshine in the Northeast

RISMedia, June 8, 2011—At a time when new home construction in the Northeastern region of the United States has dropped by more than half since 2007, according to the National Association of Home Builders (NAHB), there is at least one ...


HUD Awards $15 Million to Help Public Housing Residents Obtain Jobs and Economic Independence

RISMEDIA, June 2, 2011—The U.S. Department of Housing and Urban Development recently awarded nearly $15 million to more than 200 public housing authorities across the U.S. to help public housing residents find jobs that lead them toward economic independence. ...


Talent Shortages Ignite Relo Boom

RISMedia, June 1 2011—The disparity between available jobs and skilled talent has sparked companies to adapt to a more competitive market and nearly half of hiring managers and recruiters say they have started to recruit talent from geographies outside their local market due to talent shortages, promising a boost in ...


HUD Offers $9.1 Million to HIV/AIDS Housing

RISMedia, May 27 2011—The U.S. Department of Housing and Urban Development recently announced that it is offering up to $9.1 million to address the critical housing needs of low-income persons and families living with HIV/AIDS, including homeless individuals and families. HUD’s funding notice is offered through the Housing Opportunities for ...


April Existing-Home Sales Ease

RISMedia, May 23 2011—Existing-home sales slipped in April, although the market has managed six gains in the past nine months, according to the National Association of Realtors®. ...


Foreclosures Fall Slightly in April

RISMedia, May 21, 2011—The inventory of homes in foreclosure awaiting resale fell slightly in April, but they are still 12.7 percent higher than they were a year ago, according to Lender Processing Services April 2011 month-end mortgage performance statistics. ...


Foreign Buyers Recognize Value of Homeownership in U.S.

RISMEDIA, May 20, 2011—The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year, one of the highest increases in recent years. This is according to the National Association of REALTORS®' ...


Regional Spotlight: April Bay State Foreclosures Take another Steep Drop

RISMedia, May 19, 2011—For the month of April, Massachusetts foreclosure activity remained at levels dramatically below those recorded last year. However, foreclosure petitions—which mark the first step in the foreclosure process in Massachusetts—posted the highest number so far this year. ...


Minority Homeownership Award Winners Help Sustain American Dream

While the past few years have been challenging for many, owning a home continues to be a goal for Americans of every background, according to John D. Trasviña, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development. ...


Fixed-Rate Mortgages Dominant Choice of Refinancing Borrowers

In the first quarter of 2011, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released recently. Refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their ...


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