Press Releases
| Laws & Taxes |
Cleveland Area Board of REALTORS (CABOR) to Celebrate First Nationwide Open House Weekend April 10 and 11
March 11, 2010 Posted by CABOR
Cleveland, OH - March 11, 2010 - (RealEstateRama) — CABOR will join REALTORR organizations across the country to celebrate the first-ever REALTORR Nationwide Open House weekend on April 10 and 11, 2010. According to Chairman of the Board of Directors for CABOR, George J. Pofok, CCIM, SIOR, the purpose of the countrywide campaign is to increase awareness of the benefits of buying a home, give sellers an opportunity to increase exposure of their home for sale and spread the word about the expanded first-time homebuyer tax credit, which ends April 30, 201
Center for Responsible Lending Introduces New Loan Subsidiary
June 12, 2009 Posted by Rolland Finger
Rumpelstiltskin Lending, LLC to Offer Short-Term Credit Product. Washington D.C.-Columbus, OH - June 10, 2009 - (RealEstateRama) — The Center for Responsible Lending (CRL) today proudly introduced a direct competitor to payday loans — the short-term, small denomination loans Americans have been successfully using for nearly twenty years. The product, to be called “The Rumpelstiltskin Loan” allows consumers to borrow up to $1,000 for a period of two weeks, with interest rates at a fixed 36% APR. The product’s pilot program will roll out in Ohio this month.
Lundy Bill To Kill Ohioan\’s Credit Options
June 3, 2009 Posted by Lawrence Meyers
Columbus, OH – June 3, 2009 – (RealEstateRama) - Flanked by those who would limit consumer credit choice, Rep. Matt Lundy (D-Elyria) today unveiled a bill designed to push lenders operating legallyunder Ohio law out of business, killing as many as 5,000 jobs.
OHFA AWARDS MORE THAN $950,000 IN ADDITIONAL FEDERAL FUNDING TO AFFORDABLE HOUSING DEVELOPMENTS
May 1, 2009 Posted by OHFA
Nearly $1 million of Federal Housing Tax Credits were awarded by the Ohio Housing Finance Agency to nine developments as part of allocations from the Housing and Economic Recovery Act. COLUMBUS, OH - May 1, 2009 - (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) today awarded nine affordable housing developments additional federal Housing Tax Credits through a provision included in the Housing and Economic Recovery Act (HERA). Passed in July 2008, the HERA provided OHFA with the ability to award extra tax credits for properties that received funding in 2008 and are ready to begin construction this year.
