Residential mortgage consumers remain remarkably positive as they weather the financial storm, according to a report released today by the Canadian Association of Accredited Mortgage Professionals (CAAMP). Attitudes towards local conditions have shifted only slightly with 38 per cent of Canadians believing now is a good time to purchase and 32 per cent believing it is a bad time. Mortgage arrears remain low and steady at .28 per cent and an overwhelming...
TIAA-CREF Global Real Estate announced today that One Boston Place in Boston is the first building to earn the Leadership in Energy and Environmental Design (LEED) Gold designation from the United States Green Building Council (USGBC) for Existing Buildings: Operations & Maintenance. LEED for Existing Buildings: Operations & Maintenance is a rating system that recognizes buildings with maximum operational efficiency and minimal environmental...
As home values continue their downward spiral and the U.S. grapples with the far-reaching effects of the economic meltdown, many homeowners are looking to the future with trepidation. Many homeowners are unsure of their homes’ current market value – for most, their largest investment – and don’t want to pay for a full appraisal or rely on valuation models to find out what their home is worth. Enter Similar Sales, Inc. (http://www.similarsales.com),...
The Federal Housing Finance Agency (FHFA) announced that the “new” conforming loan limit for 2009 will remain at $417,000 for most areas in the U.S., unchanged since 2006. Loan limits for high-cost areas, including California, are capped at $625,500, down from the previous $729,750 limit. Loan limits for many areas of the state do not reach this lower threshold and are dramatically reduced from 2008. “Although price declines mean that the total...
Centerline Capital Group, a subsidiary of Centerline Holding Company, an alternative asset manager focused on commercial real estate funds and financing, today announced it closed the last of nine multifamily housing loan transactions. All loans were transacted in 2008 with Fannie Mae under its DUS program on behalf of a single borrower for a total of $131 million. Centerline provided the refinancing for a portfolio of eight South County apartment...
Equity One, Inc., an owner, developer, and operator of shopping centers, announced today that it has closed a $227 million unsecured revolving credit facility with Wells Fargo Bank serving as Administrative Agent and Sole Lead Arranger. The new facility has a three-year term with a one-year extension option. In addition, the facility includes an accordion feature under which it can be expanded to $400 million. Borrowings under the facility are priced...
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...
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...
Despite national news media reports, there is plenty of mortgage money available for New Jersey and New York homebuyers with verifiable incomes and assets and good credit, according to officials of K. Hovnanian Homes, New Jersey’s largest homebuilder. In addition, the company is offering special mortgage plans based on standard 30-year fixed-rate mortgages on specific communities and homes. For instance, K. Hovnanian is buying down standard fixed-rate...
Brookfield Residential Property Services, a division of Brookfield Asset Management Inc., announced today that it has entered into an agreement to purchase GMAC Home Services LLC, a recognized leader in global relocation, real estate franchising and brokerage and home financing services, from GMAC Residential Holding Company LLC and Residential Capital LLC. The transaction is expected to close in the fourth quarter 2008. “Brookfield is a leading...
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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