Archives
OFIR Announces Home Mortgage Disclosure Act Data Now Available
LANSING, MI - January 25, 2010 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) announced today that 2008 data compiled under the Federal Home Mortgage Disclosure Act are available from the Federal Financial Institutions Examination Council (FFIEC). The data covers mortgage lending transactions throughout the nation at 8,388 financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include, but are not limited to, banks, savings associations, credit unions, and independent mortgage companies
Michigan Builder Bob Jones Elected Chairman of the Board of NAHB
January 22, 2010 - (RealEstateRama) -- Bob Jones, a home builder and developer from Bloomfield Hills, Mich., yesterday was elected as the 2009 chairman of the Board of the National Association of Home Builders (NAHB). As president of Robert R. Jones Homes, he specializes in land development and the design and construction of single-family luxury homes throughout metropolitan Detroit.
Whitmer Donates to Grand Rapids Foreclosure Program to Highlight Need for Reforms
LANSING, MI - January 18, 2010 - (RealEstateRama) -- Today, State Senator Gretchen Whitmer (D-East Lansing), originally of Cascade, announced that her entire December legislative expense account was donated to a Grand Rapids foreclosure assistance program to highlight the need for government reform and more transparency in state spending.
Granholm Highlights Recovery Act Housing Help for Families
People across the state will get help to stay in homes, find new housing. LANSING, MI - December 16, 2009 - (RealEstateRama) -- Governor Jennifer M. Granholm today met in Kalamazoo with residents struggling to stay in their homes who are finding help through a federal program designed to keep families from becoming homeless and to help the newly-homeless find stable housing.
Governor Granholm Highlights Benefits of Home Weatherization Program for Michigan
LANSING, MI - December 16, 2009 - (RealEstateRama) -- Governor Jennifer M. Granholm today highlighted benefits of the state's Weatherization Assistance Program (WAP) in helping to reduce energy costs and improve energy efficiency in the homes of low-income families throughout the state. Michigan received more than $243 million from the American Recovery and Reinvestment Act (Recovery Act), which will fund weatherization projects in more than 30,000 homes over the next three years.
DELEG Announces Green Lodging Certification for Trout Creek Condominium Resort in Harbor Springs Facility...
December 10, 2009 - (RealEstateRama) -- Trout Creek Condominium Resort, located in Harbor Springs, has earned Green Lodging Michigan (GLM) Steward certification from the Michigan Department of Energy, Labor & Economic Growth (DELEG).
Cox Takes Aim at Advanced Fee “Foreclosure Rescue” Scams
LANSING, MI - November 25, 2009 - (RealEstateRama) -- Attorney General Mike Cox today announced the filing of three criminal complaints and a total of 10 charges against illegal advanced fee "foreclosure rescue" operations accused of defrauding Michigan families of thousands of dollars.
STATE APPROVES $7.2 MILLION TAX CREDIT FOR DETROIT REDEVELOPMENT
LANSING, MI - November 23, 2009 - (RealEstateRama) -- The Michigan Economic Growth Authority (MEGA) Board this week approved a $7.2 million tax credit for the NSO Bell project expected to invest $50 million in Detroit, State Senator Martha G. Scott (D-Highland Park) announced.
Michigan’s Homeless Coalition and MSHDA Team Up to End Homelessness in Michigan
Lansing, MI - November 18, 2009 - (RealEstateRama) -- Homelessness ends with a place to live. That is the message the Michigan Coalition Against Homelessness (MCAH) in partnership with the Michigan State Housing Development Authority (MSHDA) wants to drive home this week during Homeless Awareness Week in Michigan. Governor Jennifer M. Granholm has issued a proclamation designating November 15-21 as the official week for this year's homeless awareness activities.
Camp Introduces Solar Jobs Creation Legislation
Washington, D.C. - November 18, 2009 - (RealEstateRama) -- Today, U.S. Representatives including Rep. Dave Camp, R-MI, introduced bipartisan legislation to boost solar panel manufacturing in the United States.
Loan Officers Sentenced for Operating West Michigan Mortgage Fraud Ring
LANSING, MI - November 16, 2009 - (RealEstateRama) -- Attorney General Mike Cox today announced the sentencing of two west Michigan loan officers convicted of operating a widespread mortgage fraud ring, duping members of the Grand Rapids Hispanic community into purchasing distressed properties at inflated prices, falsifying records and pocketing thousands of dollars. The targeted buyers often spoke or wrote little English and had a limited understanding of the mortgage process.
Liberty Bank and Trust Company, New Orleans, Louisiana, Assumes All of the Deposits of...
November 9, 2009 - (RealEstateRama) -- Home Federal Savings Bank, Detroit, Michigan, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Liberty Bank and Trust Company, New Orleans, Louisiana, to assume all of the deposits of Home Federal Savings Bank.
Worker, Homeownership and Business Assistance Act of 2009 Goes to President to Get Signed...
Washington, DC - November 9, 2009 - (RealEstateRama) -- On Thursday, the House of Representatives overwhelmingly passed HR 3548, the Worker, Homeownership, and Business Assistance Act of 2009 by a vote of 403 to 12. This bill provides critical aid to families in Southeast Michigan and across the country in the form of extended unemployment benefits, tax relief to businesses, and an extension and expansion of the homebuyers’ tax credit.
House Passes Bill Extending Unemployment Benefits, Homebuyer Tax Credit
WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Thursday, the U.S. House of Representatives passed H.R. 3548, the Worker, Homeownership and Business Assistance Act of 2009, to provide up to 14 additional weeks of unemployment for jobless workers, with an extra six weeks for those in high unemployment states such as Michigan who have or soon will run out of benefits. The bill, which passed the U.S. Senate on Wednesday, will now go to the president to be signed into law.
House Votes to Add 20 Weeks for Michigan Unemployment Insurance
Washington D.C. - November 6, 2009 - (RealEstateRama) -- The House of Representatives today passed legislation which extends unemployment insurance up to 20 weeks for jobless workers who have exhausted their previous extensions. Additionally, the legislation extends and expands the availability of the homebuyer tax credit and provides tax relief for businesses hard hit by the recession. The Emergency Unemployment Compensation Extension Act passed by a vote of 403 to 12. The President is expected to sign the measure into law.