Columbia Bank is an Approved FHA Mortgage Lender

Columbia Bank announced that it has begun accepting applications for Federal Housing Administration (FHA) Residential Mortgage Loans within New Jersey. As an approved FHA lender, Columbia Bank has been granted the authority to offer qualified homebuyers the opportunity to purchase a home with a low down-payment, low closing costs and more flexible credit guidelines. Columbia’s FHA Mortgage Loans are specifically designed for borrowers who would... 

China Advanced Construction Materials Group Hires Gene Hsiao as Chief Financial Officer

China Advanced Construction Materials Group, Inc. a leading provider of ready-mix concrete in China, today announced the hiring of Gene Hsiao, CPA, as Chief Financial Officer and Vice President of Finance. Mr. Hsiao has extensive experience in both finance and management positions. Prior to joining China ACM, Mr. Hsiao was the Director of Finance and Consulting Manager at Milligan & Company, LLC, where he was responsible for audit and compliance... 

NeighborWorks America Honors HUDs Assistant Secretary for Housing/FHA Commissioner Brian D. Montgomery with the 2008 Government Service Award for Meritorious Service

NeighborWorks® America announced that Brian D. Montgomery, Assistant Secretary for Housing and Federal Housing Commissioner of the U.S. Department of Housing and Urban Development (HUD), is the recipient of the 2008 NeighborWorks® Government Service Award for Meritorious Service. The NeighborWorks Government Service Award is an honor that recognizes elected or appointed officials at the local, state, and federal levels who have made significant... 

Freddie Mac Receives NYSE Notification on Continued Listing

Freddie Mac reported in a filing with the Securities and Exchange Commission (SEC) that the company has been notified by the New York Stock Exchange (NYSE) that it has failed to satisfy one of the NYSE’s standards for continued listing of its common stock. The NYSE advised the company that it was below the exchange’s price criterion for common stock because the average closing price of Freddie Mac’s common stock over a consecutive... 

ZipRealty Appoints Lanny Baker as Chief Financial Officer

ZipRealty, Inc. (Nasdaq: ZIPR ) announced that Lanny Baker has agreed to join the Company and will assume the role of Chief Financial Officer of the Company, effective December 1, 2008. David Rector, Senior Vice President, Chief Accounting Officer, and Chief Financial Officer, will remain with the Company as Senior Vice President and Chief Accounting Officer. Mr. Rector has been with ZipRealty since 2002 and has served in the role of Chief Accounting... 

Move, Inc. Prevails on Summary Judgment in Keithley Patent Case

Move, Inc. announced that the district court judge, in a patent case pending in the U. S. District Court for the Northern California District, titled Keithley et al. v. The HomeStore.com, Inc. et al. (3:03-cv-4447), granted the company’s motion for summary judgment in favor of Move, Inc., and its co-defendants the National Association of Realtors® and the National Association of Home Builders. In the order, the district court judge found that all... 

Freddie Mac Suspends All Foreclosure Sales of Occupied Homes From Day Before Thanksgiving Until January 9, 2009

Freddie Mac (NYSE: FRE) announced it has ordered its national network of mortgage servicers and foreclosure attorneys to suspend all foreclosure sales and evictions involving occupied single family and 2-4 unit properties with Freddie Mac-owned mortgages between November 26, 2008 and January 9, 2009. The suspension will help servicers implement the Streamlined Modification Program recently announced by Freddie Mac, Fannie Mae, the Federal Housing... 

Regions Program Helps Keep Residential Mortgage Foreclosures Low

Regions Financial Corporation (NYSE:RF) announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid hardship. As a result, Regions has taken steps including renegotiating the terms of mortgages, keeping families in their homes and allowing the company to maintain a foreclosure rate of less than one percent for residential first mortgages. “We have... 

CWCapital Investments Hires Hugh Hall to Develop Mortgage Investment Business

CWCapital Investments (CWCI), a full service, commercial real estate investment management firm, announced that it has hired Hugh Hall as Managing Director. Hall will report to CWCI President Charles Spetka, and will be working to develop new capital sources and investment opportunities for CWCI, including the creation of a third-party, managed fund focused on mortgages and senior debt. Mr. Hall was a founder of Gramercy Capital Corp. and served as... 

Austins AIC Ventures Closes 100th Acquisition, Prepares for More

Austin, Texas-based AIC Ventures, L.P., an investment fund manager providing alternative finance solutions to middle-market companies across the United States through office and industrial sale-leasebacks, is celebrating its 100th real estate acquisition. Founded in 1990, the firm’s total transaction value is nearly $1 billion. “Over the past 20 years we’ve seen an increasing demand for sale-leasebacks as a strategic capital solution for middle-market...