Yearly Archives: 2012

WASHINGTON, D.C. - December 13, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline, and Tennessee Attorney General Bob Cooper announced today that they have partnered on a statewide hotline to facilitate distressed homeowners’ access to available mortgage relief programs.

MEMPHIS, TN - December 12, 2012 - (RealEstateRama) -- Memphis-area home sales for November increased 8.5 percent from a year ago, with 1,180 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales decreased 13.9 percent from October. Average sales price year-over-year was up 6.2 percent at $128,339. Inventory declined 4.4 percent, with 6,805 units listed for sale. Sales volume YTD increased 19.3 percent to $1.79 billion.

WASHINGTON, DC - November 16, 2012 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., today made the following statement regarding reports that the Federal Housing Administration has exhausted its reserves and may draw on taxpayer resources.

MEMPHIS, TN - October 9, 2012 - (RealEstateRama) -- Several members of the Memphis Area Association of REALTORS® received recognition at the recent Tennessee Association of REALTORS® 93rd annual convention in Kingsport, Tenn.

MEMPHIS, TN - October 8, 2012 - (RealEstateRama) -- Memphis-area home sales for September rose 17.1 percent from a year ago, with 1,287 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales decreased 15 percent from August. Average sales price year-over-year was up 1.6 percent at $128,971. Inventory declined 2.1 percent, with 7,392 units listed for sale. Sales volume YTD increased 17.6 percent to $1.46 billion

WASHINGTON, DC - September 20, 2012 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking Committee, today sent a letter to Federal Reserve Governor Daniel Tarullo, head of Bank Supervision and member of the Federal Open Market Committee who voted last week for the Fed’s latest effort to stimulate the economy (known as quantitative easing or “QE3”), arguing activism at the Federal Reserve and flawed mortgage rules being written in accordance with the Dodd-Frank Act are counterproductive. Corker said a more thoughtful approach would be to fix the regulations instead of ballooning the Fed’s balance sheet and risking future inflation

MEMPHIS, TN - September 10, 2012 - (RealEstateRama) -- Memphis-area home sales for August jumped 14.2 percent from a year ago, with 1,514 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 9.3 percent from July. Average sales price year-over-year was up 1.5 percent at $128,472. Inventory declined 1.2 percent, with 7,522 units listed for sale. Sales volume YTD increased 18.2 percent to $1.3 billion.

NASHVILLE - August 21, 2012 - (RealEstateRama) -- Tennessee Gov. Bill Haslam announced today the U.S. Small Business Administration (SBA) has granted his disaster declaration request for Washington and its surrounding counties after severe storms and flash flooding occurred Aug. 5, 2012.

MEMPHIS, TN - August 7, 2012 - (RealEstateRama) -- Memphis-area home sales for July rose 7.4 percent from a year ago, with 1,385 total sales recorded in the Memphis Area Association of REALTORS^® MAARdata property records database. Total sales increased 8.5 percent from June. Average sales price year-over-year was up 14.1 percent at $147,373. Inventory was up 1.1 percent, with 7,615 units listed for sale. Sales volume YTD increased 20 percent to $1.1 billion.

WASHINGTON, DC - August 1, 2012 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Banking, Housing and Urban Affairs Committee, made the following statement today in response to a decision by Federal Housing Finance Agency Acting Director Ed DeMarco who rejected a proposal by the Obama administration to use taxpayer dollars to reduce principal on mortgages guaranteed by Fannie Mae and Freddie Mac in which borrowers owe more than their homes are worth. FHFA’s analysis found such a policy would encourage underwater borrowers, most of whom are current, to stop making payments so they can benefit from a taxpayer-funded principal reduction. This outcome would put taxpayers at risk and would not reduce the chances of foreclosure for these borrowers