Monthly Archives: August 2013

Washington homeowners received $1.2 billion in consumer relief under National Mortgage Settlement

SEATTLE - August 27, 2013 - (RealEstateRama) -- Attorney General Bob Ferguson announced that the five banks covered under the National Mortgage Settlement have reported providing over $1.2 billion dollars in consumer relief to Washington homeowners. As of June 30, 2013, according to the unaudited bank reports, 16,377 Washington state borrowers have received an average of $74,763 in consumer relief. This relief includes debt reduction loan modifications on first and second mortgages, lower interest rates on underwater mortgages, and transitional assistance for those unable to remain in their homes

Consumers Should Use Caution When Dealing With Mortgage Payment Companies Like Nationwide Biweekly Administration,...

OLYMPIA - August 27, 2013 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) announced today that it issued a Statement of Charges against Nationwide Biweekly Administration, Inc. (Nationwide), a company that accepts and transmits mortgage payments on behalf of Washington homeowners.

Find homes available in Washington with IDX, Inc. and real estate agent Steven Lambert...

EUGENE, OR - August 22, 2013 - (RealEstateRama) -- The custom IDX solution Steven Lambert now hosts on his Richalnd, Washington real estate website has forever simplified the online real estate search process for area home seekers, agents and brokers alike. With the unique IDX Broker software, thousands of Tri City MLS (TCMLS) listings are seamlessly displayed on the website Lambert hosts. Potential buyers can experience a level of customer service comparable to none, and finding a home in and around Washington has never been so easy!

Find homes available in Washington with IDX, Inc. and real estate agent Steven Lambert

EUGENE, OR - August 20, 2013 - (RealEstateRama) -- The custom IDX solution Steven Lambert now hosts on his Richalnd, Washington real estate website has forever simplified the online real estate search process for area home seekers, agents and brokers alike. With the unique IDX Broker software, thousands of Tri City MLS (TCMLS) listings are seamlessly displayed on the website Lambert hosts. Potential buyers can experience a level of customer service comparable to none, and finding a home in and around Washington has never been so easy!

Cantwell Introduces Bipartisan Bill to Bolster Construction of Affordable Housing

WASHINGTON, D.C. - August 5, 2013 - (RealEstateRama) -- Yesterday, U.S. Senator Maria Cantwell (D-WA) introduced a bipartisan bill along with 20 colleagues to bolster investments in affordable housing developments and the construction jobs that they support nationwide. The Low-Income Housing Tax Credit (LIHTC) helps finance 90 percent of affordable housing projects in the United States. Since the program was created in 1986, it has helped finance more than 2.4 million affordable apartments nationwide, including more than 56,000 in Washington, and has supported 95,000 jobs annually – many of which are in the small business sector.

U.S. Senate Passes Congressman Denny Heck’s First Bill

WASHINGTON, D.C. - August 2, 2013 - (RealEstateRama) -- The U.S. Senate approved Congressman Denny Heck’s first bill last night by a unanimous, bipartisan voice vote. The bill, cosponsored by Congressman Mike Fitzpatrick (R-PA), gives the Federal Housing Administration authority to quickly make common sense reforms to the federal reverse mortgage program necessary to stabilize it.

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KCHA spearheads successful effort to preserve nine subdized apartment complexes in...

WASHINGTON, D.C. - December 3, 2013 - (RealEstateRama) -- When a portfolio of nine privately owned Section 8-assisted housing complexes located in five counties scattered across Washington state was offered for sale last spring, the King County Housing Authority spearheaded a collaborative effort to purchase it. The housing authorities of Bremerton, Grays Harbor County, Yakima, and Chelan County and the City of Wenatchee participated in assuring the preservation of a total of 337 homes within the various communities.

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Calmwater Capital Originates $7.6 Million Loan for WSU Student Housing

Calmwater Capital, a leading national direct real estate lender, has provided $7.6 million in senior debt to Nelson Brothers Professional Real Estate, LLC to acquire and upgrade a student housing complex near Washington State University. The 184-bed property, known as College Crest Apartments, is located at 1555 NE Merman Drive in Pullman, Washington.