California RealEstateRama

SAN FRANCISCO, CA - May 17, 2013 - (RealEstateRama) -- Jason Sterlino pleaded guilty in federal court in San Francisco today to paying bribes to a bank official in order to procure residential mortgage loans, United States Attorney Melinda Haag announced

WASHINGTON, D.C. - May 17, 2013 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton), joined by Congresswoman Doris Matsui, Congressman John Garamendi, and Congressman Ami Bera, called on the U.S. Department of Housing and Urban Development (HUD) to keep its Sacramento office open in response to HUD’s announcement of its plans to close that branch. The Sacramento office currently serves the epicenter of the housing crisis. The region continues to have one of the highest rates of foreclosures and underwater homeowners in the Nation

WASHINGTON, D.C. - May 16, 2013 - (RealEstateRama) -- An estimated 39,051 new and resale houses and condos sold statewide last month. That was up 3.4 percent from 37,764 in March, and up 2.1 percent from 38,241 sales in April 2012, according to San Diego-based DataQuick

WASHINGTON, D.C. - May 14, 2013 - (RealEstateRama) -- Southern California homes sold at the fastest pace for an April in seven years amid the release of pent-up demand for move-up homes and high levels of investor purchases. The median sale price rose to a 58-month high, reflecting both home price appreciation as well as the simultaneous plunge in foreclosure resales and surge in mid- to up-market buying, a real estate information service reported

JOSHUA TREE, CA - May 14, 2013 - (RealEstateRama) -- Rep. Paul Cook (R-Yucca Valley) today cut the ceremonial ribbon to commemorate the opening of the new Joshua Tree Elementary School. Cook was joined by approximately 25 students and more than 50 individuals from the community. The new building is located about a mile north of the previous Joshua Tree Elementary School, which was built on an earthquake fault. The new school is located at 4950 Sunburst Avenue in Joshua Tree and will serve approximately 300 students when it opens this fall.

WASHINGTON, D.C. - May 13, 2013 - (RealEstateRama) -- (RealEstateRama) -- On April 29, 2013, Mercy Housing California will take an important step with local and federal officials and celebrate the opening of a new affordable community for low-income and formerly homeless residents in downtown Sacramento. 7th & H’s new 150 studio and one-bedroom apartments is a key component of the city and county’s effort to end chronic homelessness, provides essential living options to the budding downtown workforce, and represents a vision for one of the largest redevelopment areas in the country

CAMARILLO - May 7, 2013 - (RealEstateRama) -- The California Department of Insurance (CDI) is currently monitoring several wildfires in the state, including the Springs Fire in Ventura County and the Summit Fire in Riverside County. Insurance Commissioner Dave Jones is reminding fire evacuees that they may be eligible for reimbursement for additional living expenses (ALE) due to mandatory evacuations.

WASHINGTON, D.C. - May 6, 2013 - (RealEstateRama) -- (NHS). For over two decades now, NHS has continued making this neighborhood a neighborhood of choice by creating BLOC clubs, putting first time homebuyers in homes and revitalizing the neighborhood through Neighborhood Pride Day. NHS is teaming up with the 3rd Avenue Block Club, Park Mesa Heights Community Council along with over 100 residents and volunteers to beautify a block in Crenshaw on Saturday, May 4, 2013 for Neighborhood Pride Day. Councilman Bernard Park is schedule to drop by at the event to see the activity taking place in his district

Washington, DC - May 2, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters released the following statement today in response to news that President Barack Obama will nominate Congressman Melvin L. Watt to be Director of the Federal Housing Finance Agency

WASHINGTON, DC - April 29, 2013 - (RealEstateRama) -- The Community Housing Development Corporation (CHDC) of North Richmond will receive $145,720 in federal grants to promote affordable housing and bolster foreclosure counseling, U.S. Rep. George Miller (D-Contra Costa) announced today.

Washington, DC - April 29, 2013 - (RealEstateRama) -- Today, Congressman Gary Miller (CA-31) joined a bipartisan effort to preserve the availability of financing for manufactured housing.

WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Late yesterday Congressman Scott Peters (CA-52) introduced another piece of legislation: the Shelter Our Servicemembers (SOS) Act to help address San Diego’s significant elderly homeless veteran population. Each night in the United States nearly 63,000 veterans are homeless, and more than a third of them are over the age of 55.

SACRAMENTO - April 25, 2013 - (RealEstateRama) -- The California Housing Finance Agency (CalHFA) today announced that it will receive nearly $1.3 million in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclosure.

WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton) introduced the Housing Opportunity and Mortgage Equity (HOME) Act of 2013 to help underwater homeowners avoid foreclosure. The HOME Act will help lower homeowners’ monthly mortgage payments, providing them with a path to stay in their homes

WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton), joined by Congresswoman Doris Matsui, Congressman John Garamendi, and Congressman Ami Bera, called on the U.S. Department of Housing and Urban Development (HUD) to keep its Sacramento office open in response to HUD’s announcement of its plans to close that branch. The Sacramento office currently serves the epicenter of the housing crisis. The region continues to have one of the highest rates of foreclosures and underwater homeowners in the Nation.

WASHINGTON, D.C. - April 24, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, joined by Representative Michael E. Capuano and 65 of their Democratic House colleagues, has released a letter to key Members of the House Committee on Appropriations urging adequate funding for critical community development and housing programs in the Fiscal Year 2014 Transportation, Housing and Urban Development (THUD) appropriations bill

WASHINGTON, D.C. - April 24, 2013 - (RealEstateRama) -- Today, at a House Financial Services Committee hearing entitled "Building a Sustainable Housing Finance System: Examining Regulatory Impediments to Private Investment Capital", Congressman John Campbell (R-CA) delivered the following opening statement highlighting the potential danger of eminent domain powers being used to bailout bankrupt cities:

WASHINGTON, D.C. - April 23, 2013 - (RealEstateRama) -- The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter. The unusually sharp drop in the number of mortgage default notices filed by lenders stems mainly from rising home values, a strengthening economy and government efforts to reduce foreclosures, a real estate information service reported

Sacramento, CA - April 22, 2013 - (RealEstateRama) -- The California Department of Veterans Affairs (CalVet) announces the appointment of Theresa Gunn as Deputy Secretary of its Farm and Home Loan Division. Most recently, Gunn served as the Principal Program Budget Analyst in Finance responsible for the capital outlay programs for the Department of Veterans Affairs, Military Department, California Highway Patrol, Department of Motor Vehicles, High Speed Rail, the Health and Human Services Departments, University of California, California State University, and the Community Colleges

WASHINGTON, D.C. - April 19, 2013 - (RealEstateRama) -- An estimated 37,764 new and resale houses and condos sold statewide last month. That was up 31.5 percent from 28,719 in February, and up 0.8 percent from 37,481 sales in March 2012, according to San Diego-based DataQuick.