Yearly Archives: 2007

OAKLAND, Calif., Nov. 20 /PRNewswire-USNewswire/ -- Gov. Arnold Schwarzenegger and California mortgage lenders Countrywide, GMAC, Litton and HomeEq announced today that they plan to follow the direction of FDIC Chairman Sheila Bair and institute systematic loan modifications for borrowers with resetting ARMs.

LOS ANGELES, Nov. 20 /PRNewswire/ -- While the U.S. real estate market continues to plummet, foreclosures rise at record rates and homes sit vacant for months at a time, the French real estate market is on a roll. In fact, more than 1,000 people move into France each month, causing a severe housing shortage.

SAN FRANCISCO, Nov. 20 /PRNewswire-FirstCall/ -- LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, today announced that Colliers International, one of the largest commercial real estate services organizations in the world, selected LoopNet's market-leading LoopLink property search and display technology to power the available property listings on the Colliers.com website.

BOISE, Idaho, and ONTARIO, Calif. (July 19, 2007) -- Washington Group International (NYSE: WNG) announced today it has been awarded a contract by the City of Ontario (Calif.) to provide professional services for infrastructure facilities in one of the largest infill real estate developments west of the Mississippi River.

BEVERLY HILLS, Calif. (November 19, 2007) – Taking advantage of the strong California apartment markets, Kennedy Wilson Multifamily Management Group (KW Multifamily), a leading West Coast apartment investor, has sold four of its California rental properties in the last 30 days for a total of approximately $147,000,000.

Home Prices Depreciate in 17 States over the Past Year, While Wyoming, Utah and North Carolina Show Gains

Newest Marketing List Solution Offers Access to Data on More Than 100 Million U.S. Homeowners and the Residential Properties They Own

SAN DIEGO, Nov. 19 /PRNewswire-FirstCall/ -- Three of Fidelity National Title Group's (FNTG's) underwriters are cutting their title insurance rates in half for homeowners whose residences have been partially or completely destroyed by the recent wildfires in California, the Company announced today. Title insurance discounts are available from Chicago Title, Fidelity National Title and Ticor Title.

SACRAMENTO, Calif., Nov. 16 /PRNewswire/ -- The WMA Foundation announced today that members of the Western Manufactured Housing Communities Association have collected and distributed nearly $90,000 to uninsured residents of three manufactured housing communities in Southern California displaced by the recent fires.

DISCOVERY BAY, Calif., Nov. 15 /PRNewswire/ -- ForeclosureRadar, the only web site that tracks every California foreclosure with daily updates on foreclosure auctions, issued its monthly California Foreclosure Report today which showed October foreclosure sales increased by 40 percent from September.

COSTA MESA, Calif., Nov. 15 /PRNewswire/ -- PriceMyLoan (PML) today announced that Spectra Funding has implemented their automated underwriting and loan pricing technology. Spectra Funding was convinced of PriceMyLoan's capabilities in large part because of the private testing suite that was offered to them during the vendor due diligence process.

SAN FRANCISCO, Nov. 14 /PRNewswire-FirstCall/ -- AMB Property Corporation(R) (NYSE: AMB), a leading developer and owner of industrial real estate, today announced that Hamid R. Moghadam, the company's chairman and CEO, is scheduled to make an appearance at the National Association of Real Estate Investment Trust's Annual Convention being held at the Bellagio Hotel in Las Vegas, Nevada.

IRVINE, Calif., Nov. 14 /PRNewswire/ -- RealtyTrac(R), the leading online marketplace for foreclosure properties, today released its Q3 2007 Metropolitan Foreclosure Market Report, which shows Stockton, Calif., Detroit and Riverside-San Bernardino, Calif., documented the three highest foreclosure rates among the nation's 100 largest metropolitan areas during the third quarter.

SAN FRANCISCO, Nov. 14 /PRNewswire-FirstCall/ -- LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, announced that all LoopNet Showcase Property Listings within the LoopNet.com marketplace now receive distribution on more than 100 online newspaper partner websites, including The New York Times, Los Angeles Times, Boston Globe, Chicago Tribune, Dallas Morning News and Miami Herald, dramatically increasing the exposure for these listings.

Donald James Grubb Sr., co-founder the successful real estate business The Grubb Company, died unexpectedly Nov. 3 while vacationing with his wife in Palm Desert. He was 83."He was an iconic guy in the Bay Area in the luxury real estate market," said son D.J. Grubb of Piedmont, who now runs the company. "He created a trustworthy brand that survived the dot-com era, fluctuations of the business, and the franchises."

New CRL Research Reveals Devastating Subprime Foreclosure "Spillover Effect" On Neighbors And Entire Communities, Not Only Individual Homeowners

SAN DIEGO, Nov. 12 /PRNewswire/ -- TEG/LVI Environmental Services (LVI) - part of LVI Services Inc., one of the nation's largest environmental services and remediation firms - is helping Southern Californians get on with their lives in the aftermath of the wildfires that have destroyed nearly 2,200 homes during the past month.

Agent Featured Listings Boosts Online Traffic from Serious Home Buyers Through Top Placement in Search Results and Addition of Custom Contact Information

The weight of defaults on real estate loans has forced the Bay Area-based Cal State 9 Credit Union into federal conservatorship.