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August 31, 2012 - (RealEstateRama) -- Councilman Dee Andrews, 6th District, The Long Beach Housing Development Company (LBHDC) and Jamboree Housing Corporation (Jamboree) celebrated the grand opening of Collage Apartments at 1893, 1905, 1907 and 1911 Pine Avenue. Once blighted and crime-infested buildings, they have been transformed into quality affordable housing for workforce families.

SACRAMENTO, CA - August 31, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the final parts of the California...

LOS ANGELES, CA - August 28, 2012 - (RealEstateRama) -- A bill sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) that closes an important loophole in an applicant’s experience requirements for a real estate broker’s license has been signed into law

WASHINGTON, DC - August 28, 2012 - (RealEstateRama) -- William J. Ferry, a former stock broker and investment advisor, and Dennis J. Clinton, a former real estate investment manager, were found guilty by a federal jury in Santa Ana, Calif., today for their roles in a conspiracy to defraud a wealthy investor of $1 billion in a high-yield investment fraud scheme, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division. The investor was, in reality, part of an undercover FBI team that posed as wealthy investors and investment managers in an effort to stop fraudsters before they actually harmed victims.

SACRAMENTO, CA - August 24, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the arraignment of two Sacramento men who stole more than $3.2 million from investors who were told their money was being invested in a real estate venture to buy and re-sell foreclosed homes

LOS ANGELES, CA - August 23, 2012 - (RealEstateRama) -- A continued shortage of available homes on the market impeded California pending home sales in July, but pending sales were still higher from the previous year for the 15th straight month, CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

LOS ANGELES, CA - August 23, 2012 - (RealEstateRama) -- The Federal Housing Finance Administration (FHFA) is moving ahead with its REO bulk sales pilot initiative in a highly secretive manner, despite vehement opposition from California congressional members, the negative economic impact to the state’s housing market, and cost to taxpayers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

August 20, 2012 - (RealEstateRama) -- The Homeownership Protection Program Joint Powers Authority now has its own website, allowing those interested in the JPA’s activities to view live meetings, archived meeting videos, meeting agendas, minutes, and other information

LOS ANGELES, CA - August 20, 2012 - (RealEstateRama) -- Real Estate Business Services® Inc. (REBS®), the subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) announced today the availability of Aon Rent Protect in California.

LOS ANGELES, CA - August 17, 2012 - (RealEstateRama) -- California home sales and prices both posted strong gains in July, with the sales pace showing positive year-over-year growth for the fourth straight month and the median price reaching a near-four-year high, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

WASHINGTON, DC - August 16, 2012 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

LOS ANGELES, CA - August 15, 2012 - (RealEstateRama) -- Real Estate Business Services® (REBS®), the subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), today announced that Central Coast Regional MLS (CCRMLS) is providing access to the time saving zipFormMLS-Connect® feature for its members. This will offer agents easy accessibility to MLS information while inside of their forms as well as get parties to the signing table quickly. Five local Associations (AORs) of CCRMLS are offering zipFormMLS-Connect® as a member benefit (Atascadero AOR, Paso Robles AOR, Pismo Coast AOR, San Luis Obispo AOR, and Scenic Coast AOR). REALTORS® of the Santa Maria AOR can purchase access to zipFormMLS-Connect® individually.

Los Angeles, CA - August 15, 2012 - (RealEstateRama) -- Last week, Neighborhood Housing Services of Los Angeles County (NHS) was awarded a $1.45 million grant made by the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) Fund program. As part of the U.S. Treasury’s commitment to revitalizing economic and community development, NHS was one of 177 CDFI Program awardee organizations receiving an aggregate total of more than $176 million. NHS was awarded the highest amount given to an organization

SACRAMENTO, CA - August 13, 2012 - (RealEstateRama) -- Two Chico business partners were sentenced today to prison for a mortgage fraud scheme they operated in 2006-2007, United States Attorney Benjamin B. Wagner announced.

LOS ANGELES, CA - August 10, 2012 - (RealEstateRama) -- Higher home prices offset record-low interest rates and lowered housing affordability in California in the second quarter of 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Washington, DC - August 3, 2012 - (RealEstateRama) -- Congressman Joe Baca (D-Rialto) introduced legislation in the House of Representatives to increase the supply of affordable rental housing available for middle-income seniors, who are ineligible to receive subsidized housing benefits that go to the lowest-income individuals. The Affordable Housing for Moderate-Income Seniors Act requires states receiving low-income housing tax credits from the federal government to provide additional credit points on their Qualified Action Plan criteria for developers who are able to build moderate-income housing for seniors

Washington, D.C. - August 2, 2012 - (RealEstateRama) -- Democratic Leader Nancy Pelosi released the following statement today after Acting Director of the Federal Housing Finance Agency, Ed DeMarco, refused to allow Fannie Mae or Freddie Mac to offer mortgage principal write-down relief for underwater homeowners, despite an analysis from his own agency demonstrating that such action would save Fannie Mae and Freddie Mac $3.6 billion, save taxpayers a net of $1 billion, and help 500,000 homeowners stay in their homes:

Washington, DC - August 1, 2012 - (RealEstateRama) -- Congresswoman Linda Sánchez (CA-39) today applauded the House of Representatives for passing the “Honoring America’s...

Washington, DC - August 1, 2012 - (RealEstateRama) -- Today 32 Members of the California Democratic Congressional Delegation, led by Rep. Zoe Lofgren (D-CA), released the following statement in response to Acting Director of the Federal Housing Finance Agency (FHFA) Ed DeMarco's decision to prevent Fannie Mae or Freddie Mac from offering mortgage principal write-down relief for underwater homeowners:

WASHINGTON, DC - July 31, 2012 - (RealEstateRama) -- Rep. Pete Stark (D-CA) announced nearly $5 million in grants awarded by the U.S. Department of Housing (HUD) and Urban Development to Alameda County. The money will help improve housing and economic opportunities for moderate-, low-, and very low-income individuals in Alameda County.