Fannie Mae to Suspend Foreclosures Until January 2009 While Streamlined Modification Program is Implemented

In order to support the streamlined modification program announced on November 11, 2008, Fannie Mae (NYSE: FNM) issued a notice to its loan servicing organizations and retained foreclosure attorneys directing them to suspend foreclosure sales on occupied single-family properties as well as the completion of evictions from occupied single-family properties scheduled to occur from November 26, 2008 until January 9, 2009. The temporary suspension of... 

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... 

REALTORS(R), Consumers Winners in Settlement With DOJ

A federal court in Chicago has approved the settlement agreement between the National Association of Realtors® and the U.S. Department of Justice ending antitrust charges against Realtors®. “This is a great day for real estate and for consumers. This compromise is terrific news for the industry and shows that the real estate industry is dynamic, entrepreneurial and fiercely competitive,” said NAR President Charles McMillan, a broker... 

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... 

Certified Green Dealer Customer Survey Reveals Broad Satisfaction with the Program and Content

The Certified Green Dealer™ Program, which certifies that building material dealer sales personnel have received green training—today announced results of a survey of the dealers in the Program, which was conducted by Propel Marketing Group, a North Carolina-based marketing agency. The results show broad satisfaction with the Program and its contents. A remarkable 93% of participating dealers would recommend the Program to other lumberyards. An... 

T. Rowe Price Introduces Two New Global Strategies

T. Rowe Price (Nasdaq: TROW ) has expanded its global investment opportunities by launching the Global Large-Cap and Global Real Estate strategies. Individual and institutional investors can invest in the strategies through a retail fund and institutional strategy. Additionally, Advisor Class shares are available through financial intermediaries. The Global Large-Cap and Global Real Estate strategies will employ the firm’s demonstrated expertise... 

Long Beach Remodeler and Builder Wins the Prestigious ‘Homes For Life’ Award of Excellence

The second annual Homes for Life award of excellence, recognizing excellent remodeling work for aging in place and universal design, was given to Ben Morey, CGR, CAPS, CGP of Morey Construction in Signal Hill, California under the “Major Space” remodel category. Sponsored by Home Care by Moen, the awards were presented during the annual NAHB Remodelers gala in Baltimore on September 11. “We received many exquisite remodels for these... 

Here Comes the Sun: GE Consumer & Industrial to Develop Innovative Line of Solar Water Heaters

GE Consumer & Industrial, the first U.S. company to meet newly established ENERGY STAR® standards for residential water heaters, announced today that they are developing a line of innovative solar water heaters that are designed to meet the 2009 Energy Star guidelines. These water heaters will be the first products to benefit from a new Solar Lab at GE Appliance Park in Louisville, Kentucky. The Innovation Team of GE Consumer & Industrial... 

Green Depot Merges with Greenmaker Creating Nations Largest Green Building Materials Supplier

Green Depot (www.greendepot.com) – the Brooklyn-based supplier of environmentally friendly and sustainable building products, services and solutions – today announced that it has merged with Chicago-based Greenmaker (www.greenmakersupply.com) to create the nation’s largest and most sophisticated supplier of green building materials. Green Depot serves residential and commercial builders and everyday homeowners nationwide through its Web site... 

Sallie Mae Announces 1,100 New Jobs in Delaware

Sallie Mae (NYSE:SLM), the nation’s leading saving- and paying-for-college company, and Delaware Governor Ruth Ann Minner today announced that Sallie Mae plans to open a new Credit Operations Center in the state that would add 1,100 jobs to Delaware’s workforce. As part of today’s jobs announcement, Sallie Mae’s philanthropic organization, The Sallie Mae Fund, contributed $25,000 to the United Way of Delaware. “As the world’s leading provider...