News

COLEMAN FIGHTS TO HELP HOMEOWNERS FACING FORECLOSURE

Amendment would allow for tax-favored withdrawals from retirement savings 
 
Washington, D.C. - Continuing his effort to address the housing crisis, Senator Norm Coleman has introduced with Senator Bill Nelson (D-FL) an amendment to the pending Senate housing legislation that would temporarily allow homeowners tax-favored withdrawals from their retirement savings in order to keep their house.

SenateE Passes Housing Relief Bill, Package Contains Coleman Provision to Keep Veterans in Their Homes

MN Senator’s amendment triples foreclosure protection to 9 months for our men and women in uniform returning from active duty service
 
April 10th, 2008 - Washington, D.C. - Senator Norm Coleman today announced final Senate passage of the Foreclosure Prevention Act of 2008, bipartisan legislation that will help address the current housing crisis and also contains […]

Governor Pawlenty Annonces $4.8 Million to Help Minnesotans Facing Foreclosure

Federal money will be used to expand current foreclosure prevention counseling; Marquette Financial Companies adds $500,000 grant ~Saint Paul – With more Minnesota homeowners potentially facing foreclosure this year, Governor Tim Pawlenty today announced that foreclosure prevention counseling in the state will be greatly expanded through a $4.3 million federal grant, the second-largest such grant […]

Hines and CalPERS Acquire ING Campus in Downtown Minneapolis

MINNEAPOLIS, January 4, 2008 - The Minneapolis office of Hines, the international real estate firm, announced today the acquisition of a three-building office campus totaling 989,004 square feet, as well as a seven-level parking garage, from ING North America Insurance Corporation (ING).  It was acquired on behalf of National Office Partners Limited Partnership (NOP), Hines’ investment […]

Wolters Kluwer Financial Services to Help Mortgage Servicers Implement Loan Modification Programs

Leader In Doc Prep And Compliant Content Offers Servicers Standardized Loan Modification Agreements And Packages That Can Be Customized To Meet Specific Business Needs
MINNEAPOLIS, Dec. 12 /PRNewswire/ — Wolters Kluwer Financial Services announced today the company can now help mortgage servicers modify distressed subprime borrowers’ adjustable rate mortgages (ARMs) to make payments more affordable and […]

Housing slump stings area banks

Six from Twin Cities among 20 in the U.S. most exposed to failing construction loans 
An intensifying housing recession is zapping community banks across the Twin Cities - not with belly-up mortgages, but with failing construction loans for the housing behind them.

Deloitte Minneapolis Practice Announces Relocation to 50 South Sixth Street

MINNEAPOLIS, Nov. 2 /PRNewswire/ — The Minneapolis office of Deloitte & Touche USA LLP, the city’s largest professional services firm, today announced it will be relocating its 900 person practice to offices from 120 South Sixth Street to 50 South Sixth Street in downtown Minneapolis.

Higher Ed to offer real estate courses

Cook County Higher Education will offer courses for property owners through a Real Estate Continuing Education, Land and Property Development series.

Center helps kids prep for transition

In a corner desk near the front door at Roosevelt Early Childhood Center, Ismail Ali waits for families to arrive to enroll their children in St. Cloud school district.

Housing market lukewarm

The Twin Cities metro area housing market continues to run lukewarm, according to new figures from the St. Paul Area Association of Realtors, which assessed the real estate market in the 13-county metro area. The organization says there’s excess inventory on the housing market. But by many accounts, the situation is not devastating for the […]