Aspen Grove Solutions, a world leader in innovative, modular, end-to-end property enterprise software for the financial and mortgage services industries, has announced the hiring of Chuck Sockol as VP of industry relations and account management.

The office of New York Attorney General Eric Schneiderman will be committing up to $40 million to aid organizations that work through the Homeowner Protection Program (HOPP) to provide housing counseling and legal services to struggling homeowners, Schneiderman announced on Monday.

For the first time since the new mortgage servicing rules went into effect in January 2014, the Consumer Financial Protection Bureau (CFPB) enforced the rules, handing down a $37.5 million fine on Monday to Michigan-based bank Flagstar for illegally blocking foreclosure prevention.

Eight states reported a median sales price for distressed homes at less than half the sales price of non-distressed homes in August, according to a report recently released by RealtyTrac.

Single-family home sales declined in Connecticut by nearly 6 percent year-over-year in August, according to the Warren Group, publisher of the Commercial Record.

Maryland-based real estate law firm Rosenberg & Associates has added two new attorneys, Jullie Evasco and Jennifer Rochino.

Government-sponsored enterprise Fannie Mae recently confirmed two high-level personnel changes within the organization.

Speaking at the 56th annual meeting of the National Association for Business Economics (NABE) on Monday, U.S. Department of Treasury Deputy Secretary Sarah Bloom Raskin said she does not see the nation's growing problem of student loan debt leading to an economic meltdown – and student loan debt may not be affecting a borrower's ability to buy a home, depending on that borrower's financial situation.

The Consumer Financial Protection Bureau (CFPB) ordered Michigan-based bank Flagstar to pay $37.5 million in penalties for violating the new mortgage servicing rules by failing to devote sufficient resources to its loss mitigation programs, CFPB announced on Monday.

Clearfield, Utah-based asset management and maintenance company Sentinel Field Services (SFS) has announced the hiring of Tom Tam as the company's new chief financial and risk officer and Tom Beckett as the company's new national vendor manager.