Mortgage
Governor Kaine Proposes Legislation to Protect Homeownership
February 28, 2008 Posted by Virginia Real Estate
– Legislation aimed at subprime mortgage holders requires enhanced communication between lenders and borrowers
RICHMOND - February 27, 2008 - Governor Timothy M. Kaine today announced proposed legislation designed to protect and preserve homeownership for Virginia’s working families and communities in light of current foreclosure trends.
Loans and Shares Reflect Steady Growth in 2007
February 21, 2008 Posted by Virginia Real Estate
Mortgage lending remains strong and loan delinquencies expand
Alexandria, Va., February 21, 2008 – Federally insured credit unions reported solid loan and share growth and membership expansion in 2007 while loan delinquencies increased according to call report data submitted by the nation’s 8,100 federally insured credit unions.
Governor Kaine Signs Bill Providing Tax Relief
February 4, 2008 Posted by Virginia Real Estate
RICHMOND, VA - Governor Timothy M. Kaine today announced that he has signed legislation that will allow Virginians to use certain federal tax deductions. It was the first bill from the 2008 General Assembly session he has signed into law, and takes effect immediately.
Chairman Johnson Testifies On Mortgage Reform
October 27, 2007 Posted by Virginia Real Estate
October 24, 2007, Alexandria, Va., — National Credit Union Administration Chairman JoAnn Johnson testified today before the House Financial Services Committee on mortgage reform. The Legislative Proposals on Reforming Mortgage Practices hearing included three panels — federal regulators and state banking supervisors, consumer groups, and industry trade associations.
Branch Banking and Trust Company, Bay Family Housing and Freddie Mac Bring Get the Facts! Homeownership Workshops to Virginia’s Northern Neck.
October 24, 2007 Posted by Virginia Real Estate
Northern Neck, VA, October 15, 2007 – Branch Banking and Trust Company (BB&T), Bay Family Housing (Division of Bay Aging), and Freddie Mac (NYSE:FRE) are pleased to announce that they are working together to offer informative workshops that demystify the homeownership process for families in the Virginia’s Northern Neck and Middle Peninsula.
Free Foreclosure Prevention Services Available to City Residents
October 22, 2007 Posted by Virginia Real Estate
Alexandria, VA., October 22, 2007 — City residents who are experiencing difficulty in meeting their monthly mortgage payments, as well as those already in the process of foreclosure, are eligible for a free training and counseling service offered by Housing Counseling Services (HCS). The goal of the program is to encourage and assist delinquent homeowners […]
Can Government Ease Subprime Mortgage Woes? Finance Expert’s Study Explores Remedies, Dangers
September 18, 2007 Posted by Virginia Real Estate
(Alexandria, VA), Sep 7, 2007 — Some policymakers are pressing for government intervention to nurse ailing “subprime” mortgage markets and consumers back to health, but a new study commissioned on behalf of the nonpartisan National Taxpayers Union (NTU) is delivering a warning: don’t overmedicate.
Mortgage Rates Fall This Week Helping Those with Resetting ARMS
September 13, 2007 Posted by Virginia Real Estate
Lower Rates Help Homeowners with Rates Ready to Reset
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.31 percent with an average 0.5 point for the week ending September 13, 2007, down from last week when it averaged 6.46 […]
B.F. Saul Spec Office in Northern Virginia Takes $105M Mortgage
June 20, 2007 Posted by Virginia Real Estate
The B. F. Saul Real Estate Investment Trust (REIT) has taken out a $105 million 14-year, fixed rate construction and permanent mortgage on its 313,000 square foot Park Place II speculative office development in the Northern Virginia suburb of Tysons Corner.
