Archive for August, 2008

Tucson Association of REALTORS MLS Provides Access to Clarus MarketMetrics

LOS ANGELES, CA - August 29, 2008 - (RealEstateRama) — Real Estate Business Services Inc. (REBS) and the Tucson Association of REALTORS® MLS (TAR MLS) today announced that TAR MLS has signed an agreement to provide its members access to Clarus™ MarketMetrics.

Legislature passes mortgage reform bill

Oakland, CA - August 28, 2008 - (RealEstateRama) — AB 1830, the California legislature’s strongest piece of legislation designed to rein in the abuses in the mortgage market, passed the Senate today with a 21-16 vote. It must go back to the Assembly for concurrence before being sent to the governor.

California Housing Production Continues Decline in July, CBIA Announces

SACRAMENTO, CA - August 26, 2008 - (RealEstateRama) — – Total new home production in California continued to decline across the board in July as declines were recorded for both single-family and multi-family new home production from month-to-month as well as year over year, further supporting the notion that California will produce the lowest number of […]

Secretary Preston and Governor Schwarzenegger announce $105 million for affordable housing and community development in California

WASHINGTON - August 19, 2008 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Steve Preston and California Governor Arnold Schwarzenegger today announced that the California State Program will receive more than $105 million to support community development and produce more affordable housing in the GoldenState.

California New Home Market Stays Cold in Summer Heat, CBIA Announces

SACRAMENTO - August 18, 2008 - (RealEstateRama) — The pace of sales at California new-home communities remained sluggish in June, following a resumed trend of deterioration in year-over-year sales declines that began in May, the California Building Industry Association reported today.

Kennedy Wilson Multifamily Returns to its Southern California Roots in Joint Venture with PCCP, LLC

Partnership Acquires Townhome Rental Community in Montclair
MONTCLAIR, CA - August 15, 2008 - (RealEstateRama) —  Seeing opportunity where others in the real estate industry only see challenges, Kennedy Wilson Multifamily Management Group (KW Multifamily), a Beverly Hills, CA-based apartment investor, and its partner PCCP, LLC (PCCP), an integrated real estate finance and investment management firm, have acquired […]

CA Attorney General Urged to Seek Injunction Halting Foreclosure on Deceptive Countrywide Mortgages

CA - August 12, 2008 - (RealEstateRama) — The California Reinvestment Coalition and the Greenlining Institute August 6 sent an urgent letter to California Attorney General Jerry Brown urging him to take immediate action against Countrywide Financial/Bank of America.

HUD settles lawsuit with California hazard reporting company and real estate brokerage

HUD also wins ruling giving it authority to recover illegal profits
WASHINGTON, D.C. -August 11, 2008 - (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced that it has settled its federal lawsuit under the Real Estate Settlement Procedures Act (RESPA) against Property I.D. Corporation, a large hazard reporting company in California, Realogy […]

HUD settles lawsuit with California hazard reporting company and real estate brokerage

HUD also wins ruling giving it authority to recover illegal profitsWASHINGTON, D.C. - August 11, 2008 - (RealEstateRama) —
 The U.S. Department of Housing and Urban Development today announced that it has settled its federal lawsuit under the Real Estate Settlement Procedures Act (RESPA) against Property I.D. Corporation, a large hazard reporting company in California, Realogy […]

CBIA Thanks Governor for Quickly Signing Another Crucial Industry Recovery Bill

SACRAMENTO - August 7, 2008 - (RealEstateRama) — California homebuilders today thanked Gov. Arnold Schwarzenegger and the Legislature for enacting the last piece of CBIA’s three-part homebuilding stimulus package launched in January to help provide some relief to the battered homebuilding industry.

Community Celebrates Restoration of Historical Home for Homeless

IRVINE, Calif. - August 4, 2008 - (RealEstateRama) — Catholic Worker Isaiah House, a turn of the century Victorian house that nightly provides refuge for the homeless most at risk on the street – families, senior adults and the disabled - was the site of a dedication ceremony hosted by HomeAid Orange County.