Yearly Archives: 2013

CHATTANOOGA, Tenn. - March 4, 2013 - (RealEstateRama) -- In response to reports of increased income at mortgage finance agencies Fannie Mae and Freddie Mac, U.S. Senator Bob Corker, R-Tenn., member of the Senate Banking, Housing, and Urban Affairs committee, today said these profits must be used to repay taxpayers and reform our housing finance system after years of government dominance.

WASHINGTON, DC - February 25, 2013 - (RealEstateRama) -- Responding to a housing reform report from the Bipartisan Policy Center, U.S. Senator Bob Corker, R- Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, credited the proposal for focusing on putting “substantial private capital in front of the government” and “resolving the legal limbo” of government-sponsored enterprises Fannie Mae and Freddie Mac, which own or guarantee roughly half all mortgages in the U.S. at a total value of more than $5 trillion. Fannie and Freddie were taken into government conservatorship in 2008 and have already cost taxpayers $137 billion.

WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- The following is Mayor Madeline Rogero's statement on legislation proposed by State Sen. Stacey Campfield requiring the sale of state property at the former Lakeshore Mental Health Institute. (The bill can be read at http://www.capitol.tn.gov/Bills/108/Bill/SB1243.pdf.)

MEMPHIS, TN - February 11, 2013 - (RealEstateRama) -- Memphis-area home sales for January increased 46.1 percent from a year ago, with 1,259 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales rose 8.9 percent from December. Average sales price was up 7.3 percent at $123,696. Inventory declined 6.3 percent, with 6,070 units listed for sale. Sales volume for the month year-over-year increased 56.6 percent to $155.7 million

EUGENE, OR - February 6, 2013 - (RealEstateRama) -- IDX, Inc. and Knoxville, Tennessee real estate consultant Christine Mclnerney have joined forces to present area home seekers with a comprehensive and detailed real estate website. IDX Broker software has integrated a search page that extracts raw listing data directly from the Knoxville MLS (KAARMLS) database and seamlessly presents it on Mclnerney’s website. She can now supply her clients with thousands of Tennessee homes instantly, from the convenience and familiarity of her IDX-enabled website.

WASHINGTON, D.C. - February 5, 2013 - (RealEstateRama) -- A public meeting on State Street Garage construction will be held on Thursday, Feb. 7 at 5 p.m. in the East Tennessee History Center located at 601 S. Gay St.

WASHINGTON, DC - January 31, 2013 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, said today he is pleased the Federal Housing Administration is following through on steps Corker requested to get FHA back to solvency

Memphis, TN - January 28, 2013 - (RealEstateRama) -- Real estate leaders will offer their reviews and insights for the Memphis-area commercial market at the 10th annual Commercial Property Forecast Summit. Event activities begin at 8 a.m. on Thursday, Feb. 7, at the Germantown Performing Arts Centre. The program is presented by the Memphis Area Association of REALTORS® (MAAR) Commercial Council.

EUGENE, OR - January 25, 2013 - (RealEstateRama) -- With new agents and brokers adding customizable IDX solutions daily, IDX, Inc. is pleased to welcome Amy Shrader to the ever-expanding network of real estate professionals who have enhanced the online property search capabilities they host online. IDX Broker software now seamlessly integrates Lakeway Area MLS (LAAMLS) listings directly onto the website Shrader supports. A thorough and comprehensive IDX enabled search page allows Bean Station, Tennessee home seekers to quickly and easily find the property of their dreams without leaving the convenience of the website of Shrader.

WASHINGTON, DC - January 22, 2012 - (RealEstateRama) -- In a letter today, U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, urged federal banking regulators to simplify and synchronize underwriting standards for new mortgage lending rules to avoid permanently regulating the private sector out of the housing finance business. The qualified residential mortgage (“QRM”) being implemented under the Dodd-Frank Act currently exempts loans sold to Fannie Mae, Freddie Mac, and the Federal Housing Administration