Lend America Launches Specialized H4H Outreach Program for Institutional Investors to Maximize Principal Recapture and Help Homeowners Avoid Foreclosure

Lend America, recently ranked as the 13th largest direct-to-consumer FHA lender in the nation, announced today it has launched a specialized Hope for Homeowners (H4H) Outreach Program to enable institutional investors, such as Wall Street banks and hedge funds, as well as other first lien holders to quickly recapture principal from their non-performing residential mortgage portfolios while helping homeowners avoid foreclosure on sustainable and affordable... 

Main Street Bailout for the Common Taxpayer

The CFO Advisory Group, Inc. is currently offering a Main Street Bailout package for the common taxpayer. Since the inception of the Federal Reserve Act of 1913, the country’s financial system has been heading toward today’s debt and credit crash by design. Our current monetary system’s never ending need for inescapable indebtedness has reached the end of its exponential curve. We as a society simply cannot produce or trade the required... 

MSHDA Offers Low-cost Loans for Home Improvements

Income eligible homeowners with no equity may borrow up to $25,000 from the Michigan State Housing Development Authority (MSHDA) to make energy-efficiency improvements to their home. With equity, homeowners can borrow up to $50,000. “Making simple improvements like increasing insulation or replacing an inefficient furnace or old windows can reduce your energy costs by up to 50 percent,” said MSHDA Executive Director Keith Molin. There... 

GSLM Capital Partners Finalizes Investment in Mixed Income Project in Brooklyn

GSLM Capital Partners, a partnership between L&M Development Partners and Goldman Sachs’ Urban Investment Group (UIG), announced today that it has completed its investment in the Columbia Hicks project located in the Cobble Hill section of Brooklyn, New York. The $55 million investment will finance a mixed income apartment development totaling 150 units. Assistance for this project is being provided by The New York City Department of Housing... 

Asia Properties Allows Letter of Intent to Expire for Site in Nanning, China

Asia Properties, Inc. reported that is has allowed its Letter of Intent to acquire 150 acres of a 506 acre new central business district site in Nanning, China to expire. CEO, Daniel McKinney said, “due to the recent financial turmoil resulting from the Bear Sterns bailout, Lehman Brothers bankruptcy and world wide economic malaise, we find it very difficult to finance such a venture at this time. We plan to engage other similar projects when... 

American Realty Capital Enhances Account Management Services and Client Support through Conversion to State-of-the-Art Recordkeeping Platform

American Realty Capital announced today that it has completed the transition of recordkeeping for its real estate investment trust (REIT) products to DST Systems, Inc., the largest, third-party mutual fund shareholder recordkeeping service in the United States. The move will provide financial advisors and investors with comprehensive investment support; including 24/7 web-based account management services and an advanced transfer agency and recordkeeping... 

Inclusion of Minority Real Estate Professionals and Asset Managers Urged as Congress Considers $700 Billion Bailout Plan

Maria Kong, President of the National Association of Real Estate Brokers (NAREB) today urged Congressional leadership, President Bush and Secretary of the Treasury Paulson, to act fairly and responsibly to ensure that minority-owned real estate, finance and legal professionals are included among the firms tapped to manage the multi-billion dollar asset portfolio the government plans to purchase from failing Wall Street investment houses, and flailing... 

Equipment Financing Still Strong With Landmark Financial Corporation

While the media is full of doom and gloom reports about the current economy, Landmark Financial Corporation announces that construction equipment leasing and financing remains stronger then would be expected given current economic news. “Those expecting to see evidence of an overall slowdown in commercial equipment finance activity — or a significant decline in portfolio performance — as a result of the mortgage crisis, rising energy... 

Overwhelming European Parliament support for priority grid access and improved infrastructure for renewable energies

The European Wind Energy Association (EWEA) welcomes the Energy Committee (ITRE) of the European Parliament’s vote on the proposed Renewable Energy Directive. Earlier this morning the ITRE Committee voted overwhelmingly in favour of key amendments which will support the development of renewable energy to help achieve the 20% by 2020 target. Foremost among these are the quick development of all necessary physical connections to the grid, priority... 

Maguire Properties Signs Approximately 100,000 Square Feet Lease with Hyundai

Maguire Properties, Inc., a Southern California-focused real estate investment trust, announced today it has executed a new lease for Hyundai Motor Finance Company for approximately 100,000 square feet in the 3161 Michelson building in Park Place in Orange County, California. Hyundai is expected to occupy its new space in second quarter of 2009. Designed by architect Richard Keating, the 3161 Michelson project is an architecturally significant, 20-story...