Indiana Lieutenant Governor Sue Ellspermann announced on Friday that two of the state's municipalities were recipients of a combined total of approximately $2.9 million in awards from the Hardest Hit Fund Blight Elimination Program (BEP).

The U.S. Securities and Exchange Commission (SEC) agreed to partially waive the additional sanctions that could have been imposed on Bank of America following a record settlement in August over the sale of residential mortgage-backed securities, according to sources familiar with the case in a report from Bloomberg News.

Illinois-based Default Servicing Technologies (DST), a provider of web-based automated tools for asset managers and mortgage servicers to manage REO properties, has announced that custom tasks can be added to the company's DispoSolutions REO Platform.

Michigan-based default servicing legal services provider Potestivo & Associates, P.C., has been chosen by Crain's Detroit Business as one of the "Coolest Places to Work in Michigan" for 2014.

The U.S. Department of Housing and Urban Development (HUD) and Washington, D.C.-based non-profit alliance National League of Cities (NLC) have taken another step in the fight against veteran homelessness by issuing a Memorandum of Understanding (MOU) in several U.S. Cities.

The nationwide mortgage delinquency rate in October fell to its lowest level in seven years, according to Black Knight Financial Services' "First Look" at October 2014 Mortgage Data released on Friday.

Despite slower economic growth in recent months following a strong showing in mid-2014, Fannie Mae's Economic and Strategic Research Group said in a report released Thursday that it still expects 2015 to be a slightly better year overall economically in the U.S

At the direction of the Federal Housing Finance Agency (FHFA), both Fannie Mae and Freddie Mac announced on Thursday updates to their life-of-loan representation and warranty framework in order to provide clarity for lenders regarding the potential risk for repurchase.

The U.S. Department of Justice (DOJ) announced earlier this week that it has issued $24.7 billion in fines and penalties from various organizations for the fiscal year ending September 30, 2014, which was more than three times the $8 billion that DOJ collected for FY 2013. Much of the money collected was a result of enforcement actions by DOJ upon financial institutions for their handling of residential mortgage-backed securities.

The number of U.S. homeowners who received non-foreclosure solutions in the third quarter of 2014 totaled approximately 468,000 despite seeing large year-over-year declines in every category, according to data released this week by the HOPE NOW Alliance.