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128 Tennessee Counselors Receive National Training

Nashville, TN - August 16, 2013 - (RealEstateRama) -- Pre-purchase education and counseling is shown to strengthen a homebuyer’s understanding of the purchasing process and reduce the number of defaults and late payments.

July Market Report

MEMPHIS, Tenn., - August 8, 2013 - (RealEstateRama) -- Memphis-area home sales for July increased 22.5 percent from a year ago, with 1,714 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales were up 17.5 percent from June. Average sales price year-over-year rose 8.8 percent to $161,399. Inventory was up 2.6 percent with 6,744 units listed for sale. Sales volume YTD increased 21.8 percent to $1.34 billion.

Cohen Announces More Than $370,000 in Funding to Help Reduce Homelessness in the Ninth...

MEMPHIS, TN - August 7, 2013 - (RealEstateRama) -- Congressman Steve Cohen (TN-09) announced today that two local organizations have been awarded a total of $373,888 in grant funding to help reduce homelessness in Memphis. The Community Alliance for the Homeless will receive $157,418 in two separate grants and the Friends for Life Corporation will receive for $216,470 from a single grant.

Cohen Announces More Than $900,000 in Funding for Catholic Charities of West Tennessee to...

WASHINGTON, DC - July 24, 2013 - (RealEstateRama) -- Congressman Steve Cohen (TN-09) today announced a $907,000 grant to the Catholic Charities of West Tennessee (CCWTN) to help prevent an estimated 160 local veterans and their families from falling homeless and to find housing for those that already have. Today’s grant funding is through the U.S. Department of Veterans Affairs’ Supportive Services for Veteran Families (SSVF) Program.

IDX helps Debra Rushton exceed her clients expectations, with its advanced technology and attention...

EUGENE, OR - July 19, 2013 - (RealEstateRama) -- IDX, Inc. is excited to announce the addition of their newest client to incorporate a custom IDX solution to their website, Debra Rushton with Rushton & Co. in Waverly, Tennessee. Rushton is using the IDX Broker search tool application to immediately link prospective home buyers interested in the Waverly area, to thousands of listings on her local Multiple Listing Service's (MLS), the RealTracs MLS (RTMLS) This quick, simple and convenient property listing access will help bring more potential leads to her website, as well as encourage client retention.

Cohen Announces $422,000 in Funding to Fight and Prevent Veteran Homelessness

WASHINGTON, D.C. - July 15, 2013 - (RealEstateRama) -- Congressman Steve Cohen (TN-09) announced today that Memphis Area Legal Services, Inc., has been awarded $422,000 in funding to help prevent an estimated 100 local veterans and their families from falling homeless and find housing for those that already have. Today’s grant funding is through the U.S. Department of Veterans Affairs’ Supportive Services for Veteran Families (SSVF) Program.

Corker Statement on House Financial Services Committee Plan to Reform Housing Finance System, Wind...

WASHINGTON, D.C. - July 12, 2013 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking Committee, released the following statement on reports of progress in the House Financial Services Committee to reform the system of housing finance and wind down Fannie Mae and Freddie Mac

Banking Committee Senators Introduce Legislation to Modernize and Reform America’s Broken Housing Finance System

WASHINGTON, D.C. - June 26, 2013 - (RealEstateRama) -- U.S. Senators Bob Corker, R-Tenn., Mark Warner, D-Va., Mike Johanns, R-Neb., Jon Tester, D-Mont., Dean Heller, R-Nev., Heidi Heitkamp, D-N.D., Jerry Moran, R-Kan., and Kay Hagan, D-N.C., all members of the Senate Banking, Housing and Urban Affairs Committee, today introduced legislation to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns

Banking Committee Senators Garner Broad Support for Bipartisan Housing Finance Reform Bill

WASHINGTON, DC - June 25, 2013 - (RealEstateRama) -- U.S. Senators Bob Corker, R-Tenn., Mark Warner, D-Va., Mike Johanns, R-Neb., Jon Tester, D-Mont., Dean Heller, R-Nev., Heidi Heitkamp, D-N.D., Jerry Moran, R-Kan., and Kay Hagan, D-N.C., all members of the Senate Banking, Housing and Urban Affairs Committee, are introducing legislation today to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns. The bill is drawing broad support from stakeholders and industry experts

HUD Provides Grant for Housing Counselors

NASHVILLE, TN - June 25, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced last Tuesday they will provide $40 million in additional funding to housing counseling agencies across the country. The HUD grants ensure housing counselors are available to help individuals and families make informed housing decisions through prepurchase and foreclosure counseling.

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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Announcement of Maximum Effective Rate of Interest on Home Loans

The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest

October Market Report

MAAR

June Market Report