Archives

OLYMPIA, WA - October 6, 2010 - (RealEstateRama) -- Washington Attorney General Rob McKenna announced today a settlement with Wells Fargo Bank that provides loan modifications for residents in Washington and seven other states who obtained problematic mortgages from Wachovia Bank and Golden West Corp., which did business as World Savings Bank.

Olympia, WA - September 29, 2010 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) Division of Securities obtained a Preliminary Injunction in King County Superior Court against the Seattle-based Chesterfield Mortgage Investors, Inc. (CMI). A receiver, Mel R. Codd, was appointed for CMI.

OLYMPIA, WA - August 24, 2010 - (RealEstateRama) -- Following concerted efforts to prevent unnecessary foreclosures, the Washington Attorney General’s Office and a group of other state attorneys general and banking regulators say they’ve seen improvements in programs designed to help homeowners.

OLYMPIA, WA - July 27, 2010 - (RealEstateRama) -- The Department of Financial Institutions (DFI) is pleased to announce the successful implementation of the new mortgage licensing requirements as required by the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”).

Washington, D.C. - July 21, 2010 - (RealEstateRama) -- Today, U.S. Senator Patty Murray (D-WA) included major funding in the Fiscal Year 2011 Senate Transportation, Housing, and Urban Development (THUD) Appropriations bill to help families in Washington state and across the country who are suffering in the current foreclosure crisis

WASHINGTON, DC - July 16, 2010 - (RealEstateRama) -- The Justice Department today filed a lawsuit against the owner, management company and former manager of Summerhill Place Apartments, a 268-unit apartment complex in Renton, Wash.,

Washington, D.C. - June 30, 2010 - (RealEstateRama) -- Today, U.S. Senator Patty Murray (D-WA) applauded the announcement made by NeighborWorks America that over $500,000 will be awarded to three Washington state community-based organizations to rehabilitate affordable housing.

OLYMPIA, WA - June 22, 2010 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) issued a Statement Charges, Notice of Intent To Enter an Order to Cease and Desist and Notice Of Intent To Impose Fines And Recover Costs against a Seattle-based real estate development company

COLUMBIA, MD - June 16, 2010 - (RealEstateRama) -- Enterprise Community Partners, Inc. (Enterprise) and the Washington State Housing Finance Commission (WSHFC) have partnered to create the Washington Green Communities Retrofit Loan Fund, a $2 million financing pool available to owners of multifamily affordable housing properties in the state of Washington.

Seattle, WA - June 16, 2010 - (RealEstateRama) -- Redfin today released new data on the King County real estate market showing that the median price of a single-family home increased 2.5% from April to May, and 2.5% year over year as well. Redfin attributes the increase in median price in part to the federal tax credit, which required buyers to be under contract on a home sale by April 30. Other metrics were weak: sales volume for King County was mixed from April to May and competition among home-buyers declined, even though the number of houses for sale dropped 5.4%

Seattle, WA - June 1, 2010 - (RealEstateRama) -- The Seattle City Council today approved (7-0, Rasmussen and O'Brien disqualified) legislation to better protect renters from sub-standard rental housing conditions.

Seattle, WA - April 2, 2010 - (RealEstateRama) -- ROBERT ERNEST BRANDT, 42, a former Kirkland attorney and escrow officer, was convicted in U.S. District Court in Seattle yesterday of conspiracy and four counts of wire fraud.

SEATTLE, WA - March 22, 2010 - (RealEstateRama) -- - Mayor Mike McGinn has named Rick Hooper as the new interim director of the city's Office of Housing, citing Hooper's 30 years of experience with the city and his success implementing the Seattle Housing Levy.

OLYMPIA, WA - January 25, 2010 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) is pleased to announce a new resource for Washington consumers seeking licensing information on mortgage lenders.

OLYMPIA, WA - January 11, 2010 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) Securities Division obtained a Consent Order from King County resident Michael Robert Mastro today.

OLYMPIA, WA - December 30, 2009 - (RealEstateRama) -- The Washington State Department of Commerce has awarded $22,490,000 from the Housing Trust Fund to 11 multifamily affordable housing projects in seven counties. A total of 706 units will be built or rehabilitated in Clallam, Island, Walla Walla, King, Spokane, Pierce and Snohomish counties.

Washington, D.C. - November 5, 2009 - (RealEstateRama) -- U.S. Representative Rick Larsen (WA-02) voted today to approve a package of unemployment insurance benefits and tax credits for first-time homebuyers and businesses facing financial losses.

WASHINGTON, DC - September 19, 2009 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Secretary Donovan today announced that the Bellingham, Seattle and Snohomish County housing authorities have been awarded a total of $21,295,483 in Recovery Act competitive grant funds to make three housing complexes "green."

OLYMPIA, WA - September 17, 2009 - (RealEstateRama) -- Washington Attorney General Rob McKenna fears a rise in scam victims as struggling homeowners trying to tap legitimate payment relief programs are simultaneously solicited by charlatans.

WASHINGTON, DC - September 3, 2009 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Secretary Donovan today announced that HUD has awarded $10 million to the Seattle Housing Authority $10 million to help develop, beginning next summer. up to 118 units of rental housing in the Rainier Vista neighborhood.