Tag Archives: Million

NEF CyberLearning Announces Its ten% Match and Academy Initiative for Any California School Applying for the $98 Million QZAB System

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Alexandria, VA (PRWEB) June 27, 2013

The California Department of Education (CDE) QZAB funds are available to college districts and charter schools who are seeking for funds for rehabilitating or repairing their facilities. These funds can also assist in the buy of gear, instructional components and providing teacher/administrative personnel professional development. The California Division of Education has $ 98 million allocated for the statewide QZAB plan.

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National Education Foundation (NEF), the national non-profit leader in assisting schools to locate Federal funds, announced nowadays a nationwide initiative to award matching grants of up to $ two,000,000 every to any California school districts with at least 35% of students on cost-free or decreased price lunch. NEF grants focus on helping schools get required funds and bridging the academic divides by means of successful STEM (Science, Technology, Engineering, and Math) education options.

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Dr. Appu Kuttan, Chairman of the National Education Foundation (NEF), global professional in digital education and empowerment, and the current University of Wisconsin Distinguished Achievement Award winner, states, “School districts across the Nation are faced with serious spending budget cuts at a time US rankings in math, reading and science are nonetheless going down. Twenty four countries are ranked ahead of US in math. Our $ 100 million grant system would supply school districts the required 10% match, and hence enable them to obtain $ 1 billion in Federal QZAB funds (http://www.qzab.org) for energy efficiency, renovation, technology, teacher coaching and STEM academies. Additionally, schools located in low earnings communities could acquire extra Federal money grants.”

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In addition to the 10% match grant, NEF helps the college districts to produce QZAB STEM+ academies capable of advancing a student a single grade level in a topic in 20-30 learning hours in the NEF program, as documented by the State University of NY (SUNY), which implements the academies nationally with a grant from NEF.

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President Bill Clinton has commended NEFs STEM+ academy program, “You are assisting to empower tomorrow’s leaders. I salute you for your ongoing commitment for making a greater and stronger America.”

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According to Misty Weber, the QZAB academy plan director at the Warren County College District in PA, NEF helped us to acquire $ 34 million in QZAB funds for renovating our school facilities. In addition, NEFs QZAB academy, implemented by SUNY, helped our students to advance a grade level in in math in 22 learning hours. NEF also set up a parent academy to train our parents in job expertise, as effectively as a teacher academy to enhance our teachers teaching abilities.

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In the higher school for at-danger students in Virginias Prince William County, the graduation rate went up from 61% to 87%.

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Kirsten DeMento, Curriculum Director of New Yorks Watervliet college district says, “NEF grant supplies a total finding out solution including differentiated finding out using the top-rated Pearson SuccessMaker and GradPoint courses, mentoring, teacher instruction and teacher-parent-student motivational incentives.”

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The NEF STEM system, formulated at the Clinton Global Initiative in Chicago, also creates college-college-business partnerships to offer planet-class STEM+ academies for disadvantaged schools at no price to the schools.

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To apply for the QZAB grant, check out http://www.qzab.org

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About NEF

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National Education Foundation (NEF), founded in 1989 in Washington, DC region, is the national non-profit leader in bridging the academic and job skills divides by way of high-quality, inexpensive STEM+ education solutions. NEF gives total STEM+ education options including six,000 leading-good quality Web-primarily based differentiated understanding courses, mentoring, motivational rewards, teacher stipends and teacher coaching to disadvantaged college districts across the nation.

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Make contact with: Tamara Stephens&#13

Grants Director&#13

Tel: 703-823-9999&#13

E-mail: qzab(at)qzab(dot)org&#13

Internet sites: http://www.cyberlearning.org and http://www.qzab.org

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NEF CyberLearning Delivers Florida Schools $two Million Matching Grant Enables Disadvantaged School Districts to Get Up to $74 Million Federal Funds

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(PRWEB) July 05, 2013

There is $ 40 million dollars offered for Michigan college districts who are seeking for funds for rehabilitating or repairing their facilities. These funds can also assist in the buy of gear, instructional materials and delivering teacher/administrative personnel expert development.

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The National Education Foundation (NEF), the national non-profit leader in assisting schools to find Federal funds, announced today a nationwide initiative to award matching grants of up to $ two,000,000 each and every to any Michigan college districts with at least 35% of students on cost-free or reduced cost lunch. NEF grants focus on helping schools get required funds and bridging the academic divides by means of effective STEM (Science, Technologies, Engineering, and Math) education options.

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Dr. Appu Kuttan, Chairman of the National Education Foundation (NEF), worldwide professional in digital education and empowerment, and the recent University of Wisconsin Distinguished Achievement Award winner, states, “College districts across the Nation are faced with critical budget cuts at a time US rankings in math, reading and science are nevertheless going down. Twenty four nations are ranked ahead of US in math. Our $ 100 million grant system would provide school districts the necessary ten% match, and thus enable them to acquire $ 1 billion in Federal QZAB funds (http://www.qzab.org) for power efficiency, renovation, technology, teacher coaching and STEM academies. Additionally, schools situated in low earnings communities could obtain added Federal cash grants.”

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In addition to the ten% match grant, NEF assists the school districts to generate QZAB STEM+ academies capable of advancing a student 1 grade level in a topic in 20-30 understanding hours in the NEF program, as documented by the State University of NY (SUNY), which implements the academies nationally with a grant from NEF.

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President Bill Clinton has commended NEFs STEM+ academy plan, “You are assisting to empower tomorrow’s leaders. I salute you for your ongoing commitment for generating a far better and stronger America.”

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According to Misty Weber, the QZAB academy plan director at the Warren County School District in PA, NEF helped us to obtain $ 34 million in QZAB funds for renovating our school facilities. In addition, NEFs QZAB academy, implemented by SUNY, helped our students to advance a grade level in in math in 22 understanding hours. NEF also set up a parent academy to train our parents in job expertise, as effectively as a teacher academy to improve our teachers teaching abilities.

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In the high school for at-danger students in Virginias Prince William County, the graduation rate went up from 61% to 87%.

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Kirsten DeMento, Curriculum Director of New Yorks Watervliet school district says, “NEF grant provides a total understanding solution which includes differentiated learning making use of the prime-rated Pearson SuccessMaker and GradPoint courses, mentoring, teacher coaching and teacher-parent-student motivational incentives.”

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The NEF STEM system, formulated at the Clinton Worldwide Initiative in Chicago, also creates college-college-enterprise partnerships to offer planet-class STEM+ academies for disadvantaged schools at no expense to the schools.

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To apply for the QZAB grant, visit http://www.qzab.org.

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About NEF

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National Education Foundation (NEF), founded in 1989 in Washington, DC location, is the national non-profit leader in bridging the academic and job expertise divides by way of high-high quality, inexpensive STEM+ education solutions. NEF gives total STEM+ education solutions such as 6,000 leading-good quality Internet-based differentiated finding out courses, mentoring, motivational rewards, teacher stipends and teacher coaching to disadvantaged school districts across the nation.

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Make contact with: Tamara Stephens &#13

Grants Director

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Associated Administrator Press Releases

With ACORN Going Bust, 5 Million Distressed Homeowners Could Be Left Out In the Cold

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Denver, Colorado (PRWEB) October 2, 2009

More than five million Americans will be facing foreclosure in the next year. With ACORN in hot water and the bailout a miserable flop, what will these individuals do? The most current stream of scams is seemingly government-backed companies contacting unsuspecting home owners with the guarantee of a new loan or a modified loan for just two effortless payments of $ 1,495. The dilemma – most underwater property owners make the first payment and never hear an additional word.

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With unemployment at an all time higher, underwater homeowners are desperate to try whatever method they can to keep their residence. It’s the very same circumstance for underwater investors as well. Many Americans tried to buy investment properties at the top of the market place, but held on to the properties as well lengthy, and now discover themselves underwater as properly.

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National foreclosure professional, Dwan Bent-Twyford, says that most property owners and investors can assist themselves and do not even know it. In her new book – How to Sell a Home When it is Worth Significantly less Than the MortgageOptions for Underwater Homeowners and Investors, Twyford speaks of numerous alternatives that work in the current industry and price the underwater homeowner or investor practically nothing.

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According to foreclosure professional Twyford – any person underwater can get in touch with the bank and function out their own loan modification, forbearance agreement, and even a deed in lieu of foreclosure. In her new book, Twyford offers strong advice on how to survive the storm, every single choice that is obtainable to underwater homeowners and investors, and even a pep talk of how to rebuild a life soon after foreclosure.

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Twyford goes as far as to explain the emotional stages underwater property owners go via and how to get previous each and every stage so that they can move forward with their lives. Getting began as a struggling single mother, Twyford knows initial-hand what financial hardship feels like.

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Dwan Bent-Twyford has purchased and sold more than 1,000 distressed properties, has been featured on MSNBC, FOX &amp Close friends, Naomi Judd’s Excellent Morning, as nicely as several other radio and tv shows. She is regarded the nations’ number a single professional in the field of foreclosures. In reality, numerous refer to her as “The Queen of Foreclosures.”

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Twyford now focuses significantly of her time assisting people in difficulty get a fresh start off. In a globe full of unfavorable data, she is a properly-needed fresh face of hope and encouragement. The good news, according to Twyford, is that there is life soon after foreclosure and a good 1 at that! For added info on how to save your residence or investment properties get in touch with Dwan at: http://www.1234closures.com or verify out her member’s only web site at: http://theieu.com/member_site.

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NEF CyberLearning Offers North Carolina School Districts up to $2 Million in Matching Grants, Enabling School Districts to Receive Up to $39 Million in Federal Funds

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(PRWEB) July 01, 2013

North Carolina Public Schools funds are available to school districts and charter schools who are hunting for funds for rehabilitating or repairing their facilities. These funds can also help in the acquire of equipment, instructional components and supplying teacher/administrative personnel skilled development. North Carolina has $ 39 million in QZAB funds for regional college districts.

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National Education Foundation (NEF), the national non-profit leader in assisting schools to locate Federal funds, announced right now a nationwide initiative to award matching grants of up to $ 2,000,000 each and every to any North Carolina school districts with at least 35% of students on cost-free or lowered expense lunch. NEF grants focus on helping schools get required funds and bridging the academic divides through powerful STEM (Science, Technology, Engineering, and Math) education solutions.

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Dr. Appu Kuttan, Chairman of the National Education Foundation (NEF), global professional in digital education and empowerment, and the recent University of Wisconsin Distinguished Achievement Award winner, states, “School districts across the Nation are faced with serious budget cuts at a time US rankings in math, reading and science are still going down. Twenty four countries are ranked ahead of US in math. Our $ 100 million grant system would supply school districts the necessary 10% match, and therefore allow them to obtain $ 1 billion in Federal QZAB funds (http://www.qzab.org) for power efficiency, renovation, technology, teacher education and STEM academies. Furthermore, schools located in low income communities could receive additional Federal cash grants.”

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In addition to the ten% match grant, NEF helps the college districts to develop QZAB STEM+ academies capable of advancing a student 1 grade level in a topic in 20-30 studying hours in the NEF method, as documented by the State University of NY (SUNY), which implements the academies nationally with a grant from NEF.

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President Bill Clinton has commended NEFs STEM+ academy program, “You are assisting to empower tomorrow’s leaders. I salute you for your ongoing commitment for producing a far better and stronger America.”

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According to Misty Weber, the QZAB academy system director at the Warren County College District in PA, NEF helped us to acquire $ 34 million in QZAB funds for renovating our school facilities. In addition, NEFs QZAB academy, implemented by SUNY, helped our students to advance a grade level in in math in 22 studying hours. NEF also set up a parent academy to train our parents in job capabilities, as effectively as a teacher academy to improve our teachers teaching abilities.

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In the higher school for at-threat students in Virginias Prince William County, the graduation rate went up from 61% to 87%.

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Kirsten DeMento, Curriculum Director of New Yorks Watervliet college district says, “NEF grant supplies a total understanding solution like differentiated studying employing the prime-rated Pearson SuccessMaker and GradPoint courses, mentoring, teacher education and teacher-parent-student motivational incentives.”

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The NEF STEM plan, formulated at the Clinton Global Initiative in Chicago, also creates school-college-organization partnerships to provide globe-class STEM+ academies for disadvantaged schools at no price to the schools.

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To apply for the QZAB grant, check out http://www.qzab.org.

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About NEF&#13

National Education Foundation (NEF), founded in 1989 in Washington, DC region, is the national non-profit leader in bridging the academic and job expertise divides by way of higher-top quality, cost-effective STEM+ education options. NEF gives total STEM+ education options which includes 6,000 top-top quality Web-primarily based differentiated understanding courses, mentoring, motivational rewards, teacher stipends and teacher education to disadvantaged school districts across the nation. &#13

Get in touch with: Tamara Stephens &#13

Grants Director &#13

Tel: 703-823-9999 &#13

Email: qzab(at)qzab(dot)org &#13

Sites: http://www.cyberlearning.org and http://www.qzab.org

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American Residential Law Group Says Foreclosures Could Hit 3 Million in 2010

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Ft. Lauderdale, FL (PRWEB) January 22, 2010

American Residential Law Group, the Ft. Lauderdale-based law firm reports that it expects observed record increases in foreclosures coming in 2010, reaching as many as 3 million.

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“The U.S. Treasury Division was unsuccessful in current negotiations with the country’s biggest financial institutions to procure contracts requiring participation in a second mortgage modification program to decrease the number of housing foreclosures this year, which could hit record numbers,” says says Joel Jacobi, founder and lead attorney for ARLG.

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Leading lenders, such as Bank of America and Wells Fargo, currently hold a combined $ 1.05 trillion in residence-equity debt, a figure so enormous it threatens to again disrupt housing stability and lead to 3 million foreclosures this year, right after contributing to the two.eight million in 2009, Bloomberg reports.

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Jacobi says that he believes a second, a lot more robust loan modification program will quickly be authorized. “Mortgage modifications are set up to help homeowners that are facing foreclosure,” says Jacobi. “Foreclosure is extremely costly to both the bank and the homeowner. No one particular wins. We operate to delay foreclosure, to renegotiate the mortgage with the bank, so that a homeowner can stay in its house and so that a bank doesn’t have the burden of yet yet another foreclosed home.”

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According to Meg Reilly, a Treasury Division spokeswoman, the banks pursuing negotiations seem “committed” to joining a second mortgage modification program, even though progress is slow.

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American Residential Law Group processed far more mortgage loan modifications in the fourth quarter of final year than any other quarter thus far. Yet despite their record boost in home loan modifications made to avert foreclosures, foreclosures in the U.S. nevertheless hit an all-time high in 2009. “This indicates to me that there are several homeowners who are not aware that there may possibly be loan modifications accessible to help them,” Jacobi said.

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American Residential Law Group is a extremely-regarded law firm that specializes in foreclosure prevention and litigation. It serves clients across the United States from its offices positioned in Fort Lauderdale, Florida. They can be reached by calling (877) 236-6576 or by visiting arlgnow.com.

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Related Loan Modification Press Releases

NEF CyberLearning Provides Florida Schools $2 Million Matching Grant Enables Disadvantaged College Districts to Get up to $74 Million Federal Funds

Posted on by

(PRWEB) June 28, 2013

The Florida Department of Education QZAB funds are accessible to school districts who are looking for funds for rehabilitating or repairing their facilities, specifically for renewable energy efforts. These funds can also help in the purchase of equipment, instructional components and providing teacher/administrative personnel professional development. The Florida Department of Education has $ 74 million allocated for the statewide QZAB program.

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National Education Foundation (NEF), the national non-profit leader in assisting schools to locate Federal funds, announced right now a nationwide initiative to award matching grants of up to $ 2,000,000 every single to any Florida school districts with at least 35% of students on free or decreased cost lunch. NEF grants focus on helping schools get required funds and bridging the academic divides via successful STEM (Science, Technology, Engineering, and Math) education options.

&#13

Dr. Appu Kuttan, Chairman of the National Education Foundation (NEF), worldwide professional in digital education and empowerment, and the recent University of Wisconsin Distinguished Achievement Award winner, states, “College districts across the Nation are faced with serious price range cuts at a time US rankings in math, reading and science are still going down. Twenty 4 nations are ranked ahead of US in math. Our $ one hundred million grant plan would offer school districts the required 10% match, and hence enable them to acquire $ 1 billion in Federal QZAB funds (http://www.qzab.org) for energy efficiency, renovation, technologies, teacher instruction and STEM academies. Additionally, schools located in low income communities could receive extra Federal cash grants.”

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In addition to the ten% match grant, NEF aids the school districts to generate QZAB STEM+ academies capable of advancing a student 1 grade level in a topic in 20-30 finding out hours in the NEF technique, as documented by the State University of NY (SUNY), which implements the academies nationally with a grant from NEF.&#13

President Bill Clinton has commended NEFs STEM+ academy system, “You are helping to empower tomorrow’s leaders. I salute you for your ongoing commitment for creating a greater and stronger America.”

&#13

According to Misty Weber, the QZAB academy program director at the Warren County School District in PA, NEF helped us to obtain $ 34 million in QZAB funds for renovating our school facilities. In addition, NEFs QZAB academy, implemented by SUNY, helped our students to advance a grade level in in math in 22 finding out hours. NEF also set up a parent academy to train our parents in job expertise, as well as a teacher academy to improve our teachers teaching abilities.

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In the higher school for at-threat students in Virginias Prince William County, the graduation rate went up from 61% to 87%.

&#13

Kirsten DeMento, Curriculum Director of New Yorks Watervliet college district says, “NEF grant supplies a total learning answer which includes differentiated finding out employing the leading-rated Pearson SuccessMaker and GradPoint courses, mentoring, teacher training and teacher-parent-student motivational incentives.”

&#13

The NEF STEM program, formulated at the Clinton Global Initiative in Chicago, also creates college-college-organization partnerships to provide world-class STEM+ academies for disadvantaged schools at no expense to the schools. &#13

To apply for the QZAB grant, go to http://www.qzab.org.

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About NEF&#13

National Education Foundation (NEF), founded in 1989 in Washington, DC area, is the national non-profit leader in bridging the academic and job skills divides via higher-quality, inexpensive STEM+ education options. NEF provides total STEM+ education options like six,000 best-quality Net-based differentiated studying courses, mentoring, motivational rewards, teacher stipends and teacher training to disadvantaged school districts across the nation. &#13

Make contact with: Tamara Stephens &#13

Grants Director &#13

Tel: 703-823-9999 &#13

E mail: qzab(at)qzab(dot)org &#13

Web sites: http://www.cyberlearning.org and http://www.qzab.org

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Overture Technologies Closes $6 Million Series C Funding Led by Capital Trust Ventures

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Bethesda, MD (PRWEB) December 19, 2008

Overture Technologies, the top provider of decisioning computer software solutions that enable transparent, precise and responsive lending processes, announced it has closed $ 6 million in Series C funding led by Capital Trust Ventures with continuing participation from CNF Investments, New Markets Growth Fund and other current investors. Financing will be utilized to help market expansion to meet urgent and increasing demand for the company’s monetary decisioning solutions serving the mortgage and education lending industries. In conjunction with the funding, Tim Meyers, Managing Partner at Capital Trust Ventures, has joined Overture’s board of directors.

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“Today’s mortgage and student loan industries demand constant application of complicated lending and pricing recommendations and thorough evaluation of ever-changing threat and asset valuation data to meet present and future regulatory specifications,” mentioned Bill Kelvie, CEO, Overture Technologies. “This growth funding from skilled investors in the course of a difficult time further validates our method and will aid us accelerate our attain for the markets we serve.”&#13

Overture enables industry efficiency and improves danger management in underwriting, pricing, servicing and valuing mortgage loans and assets with its Mozart suite of options, sector-major automated decisioning application for originations and acquisitions, servicing, secondary advertising and the capital markets. In addition to Overture’s sophisticated FHA lending decisioning capabilities, its groundbreaking resolution uses guidelines-driven decisioning for loan modifications to hold borrowers in their homes. &#13
Overture’s education finance options empower colleges and universities, lenders, guarantors and other service providers to help students intelligently navigate the process of funding their education with Conductor, the leading online economic help portal, the Student Loan Marketplace loan comparison tool and Amadeus, the premier student loan pricing and underwriting resolution. &#13
“Overture is providing enterprise rules management systems for lending processes that can restore self-assurance in the credit markets and stop the existing crises in mortgage and education lending from happening again,” said Tim Meyers, Managing Partner, Capital Trust Ventures. “We’re pleased to invest in a company led by business veterans and technology thought leaders who are enabling greater accuracy, transparency and efficiency for this substantial and important segment of the monetary solutions sector.”&#13

About Capital Trust Ventures:&#13

Capital Trust Ventures supplies development-stage venture capital financing for data technology firms. We operate closely to kind a robust partnership with confirmed entrepreneurial leaders with the vision and spirit to construct market-leading organizations, assist them to achieve scale and exit effectively. Our group of partners has in depth investing and entrepreneurial encounter in numerous sectors such as application application, emerging technologies, vertical application, new media, world wide web content material, e-commerce and infrastructure computer software. Capital Trust Ventures is a member of the Capital Trust Group, a major private equity and advisory firm. For extra info, go to http://www.capitaltrustventures.com.

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About Overture Technologies:&#13

Founded in 2000, Overture Technologies is the leading provider of decisioning application options that allow transparent, accurate and responsive lending processes for the mortgage and greater education lending industries. Overture’s consumers are dedicated to supplying superior mortgage underwriting, servicing and securitization services and to increasing students’ access to greater education financing alternatives. Overture’s leadership team applies decades of experience from major economic services and technology firms like Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to aid our clients achieve their goals. For further data, call (301) 492-2155 or visit http://www.overturecorp.com.

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Fannie Mae And Freddie Mac Will Modify Loans – six Million Households Face Foreclosures – Loan Modifications To Reduce Foreclosure By April

Posted on by

Pleasant Grove, Utah (PRWEB) March four, 2009

There is some very good news concerning loan modification, Fannie Mae and Freddie Mac will modify loans below Obama’s program. Though Loan Modification is a viable way to reduced your payments, beware of loan modification scams. FBI is conscious of this increasing dilemma of loan modification fraud, they have not been capable to act rapidly adequate to stave off the fraud wave.

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Against a backdrop of record-low new residence sales and ballooning losses from foreclosures, Housing Secretary Shaun Donovan told lawmakers Thursday that the lending industry is set to launch the Obama administration’s $ 75 billion foreclosure prevention plan next week. Donovan stated “we anticipate to see huge numbers of loan modifications take place really rapidly,” and hopes it would lead to foreclosure prices to drop as soon as April.

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Donovan said the plan will permit “borrowers with massive debts and unaffordable mortgages to have their property loans modified to reduce the monthly payment”, even if they are not in default. Borrowers who owe up to five percent far more than their home’s existing worth will be able to refinance, if their mortgages are held by mortgage finance firms Fannie Mae or Freddie Mac. At the very same time, loan modifications will be available for borrowers who owe up to 50 % much more than their home’s at present worth. Donovan stated “we expect to see massive numbers of modifications occur very rapidly,” and hopes it would cause foreclosure rates to drop as quickly as April.

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At the same time the “FBI is conscious of the developing difficulty of loan modification fraud”, they have not been capable to act swiftly enough to stave off the fraud wave. They report that they have over 1,500 mortgage fraud investigations more than the final month.

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Sean Walker CEO of HomeSaversUtah (http://HomeSaversUtah.com). and President of Good Neighbor Loans, LLC, (http://gnmloans.com), emphasized there are many factors which a homeowner ought to be conscious of when functioning with a loan modification firm.

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Leading Mortgage Analyst Forecast Indicates that 11 Million Properties will be Lost to Default

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Miami, FL (PRWEB) October 7, 2010

According to Amherst Securities Group LP, a single of the most respected and major mortgage analyst, an alarming 11 million homes will be lost to default if items continue to move the way they are moving now.

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In an interview with Javier Zelaya, CEO of Corporate Asset Management, LLC (WWW.CAMREO.COM) a privately owned company, he pointed to the reality that one thing wants to be done in order to alleviate the issues caused by this mortgage crisis. He believes that this forecast by Amherst undoubtedly serves as a cry for support issued towards the government and any other entity with the energy to repair or try to boost the housing market place scenario.

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The forecast, which was released in October 1 says that the death spiral of reduce residence prices, a lot more borrowers underwater, greater transition prices (to default), far more distressed sales and lower home costs should be arrested.

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The report also explains that even though there have been recent speak about improvement in mortgage performance, this improvement just reflects big scale modification activity obtaining served to artificially reduced the delinquency rate, the report stated.

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The graph on the appropriate was provided by Amherst Mortgage Insight, and it serves to show the point just pointed out. You can observe an improve in mortgage balances of delinquencies, and also its artificial reduction.

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As far as the fate for defaulting properties, Javier Zelaya explains that the numbers provided by the report are not promising at all, particularly for severe adverse equity properties.

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According to the report, nineteen % of properties with a loan-to-worth of 120% or greater are defaulting every single year.

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The table displayed on the correct was put with each other by HousingStory.net making use of the data offered by Amherst Securities group. It gives the breakdown for House defaults forecasted to add up to an alarming 11 million properties to be lost to default.

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Amherst report also says that possible solutions to this imminent issue could include mandatory principal reductions, looser underwriting of new mortgage loans, leveraged capital pools for investors, and penalties for defaulting homeowners. According to Amherst, a family members who defaults can live rent-free of charge for 20 months on typical. Therefore, Amherst proposes that missed mortgage payments, which includes property taxes and insurance coverage, be counted as W2 earnings.

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Javier Zelaya agrees with Amherst statement that there are also other factors that want to be taken into consideration when studying the marketplace situation. There have been current signs of distress in the market place which incorporate two current record-low readings of existing house sales and the elevated measures for underwriting standards at Fannie and Freddie. Back in 2006, negative-credit borrowers represented about 20% of borrowers, today only 2% of Freddie purchases are poor-credit borrowers.

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To repair this difficulty, one particular of the a lot more desperate measures recommended by the authors of Amherst report is to generate a new mortgage for these home owners who are now behind in their payments. This (default) can be fixed by re-qualifying borrowers who are in a residence they cant afford into a single they can afford, the report explains.

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Though a lot of attempts can and have been made to alleviate the mortgage crisis, If government policy does not change, over 11.5 million borrowers will be in danger of losing their home, the report mentioned.

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About Corporate Asset Management, LLC:

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Corporate Asset Management, LLC is an REO service Management Company that gives true estate lenders and investors a full solution to REO Management and Disposition nationwide. It specializes in the liquidation of single- and multi-family members residences, land, and commercial properties. With their technology and verified management expertise they are in a position to decrease losses in reduce recovery time. Its clients consist of commercial banks, savings and loans, investment bankers, pension funds, mortgage firms, as nicely as customer finance companies and investors looking for a much better way to facilitate the foreclosure procedure.

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By Elizabeth Martinez

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Corporate Asset Management, LLC&#13

Executive Tower&#13

11400 West Olympic Boulevard, Suite 200&#13

Los Angeles, CA 90064&#13

Tel. (213) 596-7682

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Mortgage Lending News, LLC&#13

http://www.mortgagelendingnews.com&#13

11601 Biscayne Blvd. Suite 201&#13

Miami, FL 33181&#13

Tel. (305) 280-7400

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Agency Receives $three Million Grant Award to Assist Home owners Facing Mortgage Delinquency and Foreclosure

Posted on by

Riverside, CA (PRWEB) June 27, 2011

Springboard Nonprofit Consumer Credit Management is pleased to announce that it is the recipient of a $ 3 million federal grant by means of the National Foreclosure Mitigation Counseling (NFMC) Program administered by NeighborWorks