Pulte Homes, Inc. announced today that it has amended its existing unsecured revolving credit facility. This amendment decreases the facility size to $1.2 billion and makes modifications to certain financial covenants and definitions that provide Pulte Homes with greater flexibility. The maturity date of June 2012 remains unaffected. “The amended revolving credit facility is reflective of the current operating environment facing the housing...
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...
Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in...
Viridian Asset Management, LLC (http://www.viridianasset.com) announced the national launch of its groundbreaking BankonGreen(TM) program designed to bring “green,” energy-efficient rehabilitation to properties owned by banks and financial institutions. BankonGreen(TM) is a one-of-a-kind program that links and streamlines traditional REO asset management services with cost effective, tangible energy efficiency improvements. Viridian is...
Crystal Properties Holdings Inc. Board of Directors has approved the issuance of offers for bank and other financial institution owned real estate in Arizona and California, in addition to Nevada. Major Banks including Indy Mac, Countrywide, Wells Fargo and Bank of America will be approached about properties in these markets. Peter Anello, president of Crystal Properties, stated, “The undervalued real estate in these states is overwhelming...
As the number of foreclosures in Arizona reaches an unprecedented high, buyers seeking the best value in Bank Owned Property are forced to pay subscription fees for the latest listings. Bank Owned Property AZ, however, announced today that it has made this expense obsolete. The Scottsdale, Ariz., brokerage – founded by multimillion-dollar sales producers Drew de Weerd and Leon Gavartin – updates Bank and Lender Owned listings daily at www.BankOwnedPropertyAZ.com...
General Growth Properties, Inc. (NYSE: GGP ) announced it has extended the expiration date of its Rights Agreement to November 18, 2010. The Rights Agreement was originally adopted with an expiration date of November 18, 2008. In connection with this extension, the purchase price of each right issued under the Rights Agreement was changed from $148 to $105. As a result, the holder of each right is entitled to purchase one-third of one one-thousandth...
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...
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...
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...
The Contour Lounge Chair by Murillo
Murillo, the Philippines based manufacturer has been involved in manufacturing furniture and...
Contemporary Office Designs from Triple Five Design
Looking for modern interior inspiration for your office, here we got some preview of the contemporary...
The Gallery House designed by architect Richard Librach
Today’s modern house inspiration is coming from Richard Librach Architect, Toronto-based...
The Riedel Amadeo Decanter from Williams-Sonoma
Williams-Sonoma, the company that serves cookware, cooks stool, cutlery, electrics, bakeware,...
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