BOISE, ID - February 2, 2010 - (RealEstateRama) — US Bancorp Foundation recently contributed $8,500 to the Finally Home!® Homebuyer Education Program administered by the Idaho Partners for Home Buyer Education, Inc. (IPHBE, Inc.). US Bancorp has contributed on an annual basis since the program’s inception. more »

January 28, 2010 - (RealEstateRama) — Today the Nationwide Mortgage Licensing System & Registry (NMLS)—a mortgage licensing system operated by state financial regulators, including Idaho—is launching “NMLS Consumer Access.” NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed mortgage companies, branches, and individuals currently licensed through NMLS. more »

Boise, ID - December 23, 2009 - (RealEstateRama) — Twelve Idaho homeowners who paid a Meridian man, Paul Clarence Aughtry, IV, for mortgage loan modifications will receive refunds totaling $12,400 as a result of settlement agreements with Attorney General Lawrence Wasden and the Idaho Department of Finance. As a result of the actions, Aughtry is prohibited from engaging in loan modification activities in Idaho. more »

BOISE, ID - December 21, 2009 - (RealEstateRama) — Wells Fargo Foundation recently contributed $6,000 to the Finally Home!® Homebuyer Education Program administered by the Idaho Partners for Home Buyer Education, Inc. (IPHBE, Inc.). In total, Wells Fargo has contributed $100,000 to the program, $5,000 of which was dedicated to translation of the course textbook into Spanish. more »

BOISE, ID - December 21, 2009 - (RealEstateRama) — Qualified homebuyers can now take advantage of the recent extension and expanded provisions of the federal homebuyer tax credit of $8,000 for first-time homebuyers and $6,500 for homebuyers who have lived in their home for the past five years. To be eligible for this tax credit, homebuyers must sign a contract for a new home by April 30, 2010 and close on the home by June 30, 2010. more »

December 3, 2009 - (RealEstateRama) — The Idaho Public Utilities Commission is granting in part and denying in part petitions for reconsideration filed by area highway districts and, in the same case, denying a petition for reconsideration by the Building Contracts Association. more »

Washington, D.C. - December 2, 2009 - (RealEstateRama) — In these tough times, Idahoans deserve the chance to buy a home or attend college without having to worry about unfair marks from credit agencies.

That’s why Idaho Congressman Walt Minnick is supportive of two key measures to make sure that people facing tough times don’t have to worry about permanent damage to their credit scores. more »

December 2, 2009 - (RealEstateRama) — Gavin Gee, director of the Idaho Department of Finance, today announced the signing of an updated agreement to cooperatively work with other state mortgage regulators in overseeing the activities of state-licensed mortgage companies operating across state lines. more »

Washington, DC - November 6, 2009 - (RealEstateRama) — The U.S. House of Representatives today overwhelmingly passed legislation extending the First-Time Homebuyer Tax Credit Provision through April 30, 2010. The bill also creates a new tax credit for move-up buyers who have lived in their current residence for at least five years. The expanded tax credit was included as part of H.R. 3548, legislation that provides an extension of federal unemployment insurance benefits. more »

BOISE, ID - November 5, 2009 - (RealEstateRama) — Are you a first-time homebuyer? If so, you may be eligible for down payment assistance funds of up to $20,000 in conjunction with a mortgage loan from IdaMortgage, brought to you by Idaho Housing and Finance Association (IHFA), to purchase your new home. These down payment assistance funds are only available until Jan. 1, 2010, so you must act quickly to take advantage of this funding. more »

Bill Aimed at Keeping Family Farms in the Family

Washington, DC - November 3, 2009 - (RealEstateRama) — Idaho Congressman Mike Simpson is a cosponsor of H.R. 3095, the Estate Tax Relief Act of 2009. The legislation increases the estate tax exemption to $5 million per person and reduces the top rate to 35% in equal increments over ten years. more »

Idaho Department of Finance Seeks Return of $3.7 Million of Investor Funds

Boise, ID - October 27, 2009 - (RealEstateRama) — The Idaho Department of Finance has filed a complaint in Ada County District Court against Sheila Lea Jones. Jones, owner of Vitruvian Investment Group, solicited investors to pool their money for investment into a real estate fund managed by Jones. The fund purportedly invested in short-term construction and development loans, as well as conventional real estate transactions including both commercial and residential loans. The defendant allegedly raised over $3.7 million from at least 40 investors and offered annual returns of 8 percent to 10.5 percent. The State’s complaint alleges violations of the anti-fraud provisions of the Idaho Securities Act and violations of the Idaho Financial Fraud Prevention Act. Vitruvian Investment Group filed for Chapter 7 bankruptcy protection in November 2008. more »

Boise, ID - October 14, 2009 - (RealEstateRama) — The Idaho Department of Finance announced today the issuance of a Cease and Desist Order against Meridian-based International Co-op LLC for engaging in unlicensed mortgage loan modification activities and for illegally charging distressed Idaho homeowners exorbitant upfront fees. more »

October 14, 2009 - (RealEstateRama) — The state of housing – both across the nation and in Idaho – will be discussed by experts, local leaders and housing industry professionals at the 2009 Idaho Conference on Housing. This conference, to be held Oct. 19-20 at the Doubletree Hotel Boise-Riverside, features national speakers who will bring the topic of housing full circle - from the national perspective to a look at the challenges faced by Idaho’s housing market. Local speakers will also contribute expertise from their communities. More than 350 people are already registered, and there is still time to take part in the conference. Attendees can register online at www.2009housingconf.com. Registration is $125 per person for nonprofit attendees and $175 for all others. more »

October 13, 2009 - (RealEstateRama) — Gavin Gee, director of the Idaho Department of Finance, announced his department’s participation as a co-sponsor in the “2009 Idaho Conference on Housing,” scheduled for October 19th and 20th at the Doubletree Hotel in Boise, Idaho. This event is organized by Idaho Housing and Finance Association. The Idaho Conference on Housing entitled “Mapping the Future” is the state’s largest and most comprehensive housing conference that will encompass important issues facing Idaho’s housing industry and the challenges set forth in the current economic environment. more »