In her statement to a congressional panel on Monday, Vicki Cox Golder, NAR president, said the Federal Housing Administration (FHA) mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today's market.

In an announcement Tuesday, Bethel, Connecticut-based Countdown to Buy (CTB) said it has secured over $1.1 million in funding from investors.

In an effort to reduce the number of foreclosures across the country and keep customers in their homes, Wells Fargo& Company announced Saturday that it is continuing to expand its use of the federal Home Affordable Modification Program (HAMP) and other modification programs.

In an announcement Friday, the Federal Housing Administration (FHA) said it reached a settlement agreement with Equitable Trust Mortgage Corporation (ETM) of Baltimore, Maryland.

Irvine, California-based Real Estate Disposition, LLC (REDC) has signed a definitive agreement with Pulte Homes, Inc., headquartered in Bloomfield Hills, Michigan, to acquire the Commerce Title retail title insurance agency platform.

In an announcement Friday, NetMore America, Inc. (NetMore), a next generation mortgage banker based in Walla Walla, Washington, said it has expanded into the East Coast marketplace by establishing a presence in Maryland.

On Friday, the House of Representatives approved Congressman Chaka Fattah’s (D-Pennslyvania) $3 billion Homeowners Emergency Mortgage Assistance (HEMA) plan.

NeighborWorks America, a public/private nonprofit housing and community development corporation based in Washington, D.C., announced Saturday that it received a $425,000 grant from the Citi Foundation.

Transwestern, a commercial real estate and development firm headquartered in Houston, Texas, announced Thursday that it has been selected by New York-based RREEF to take over the property management of 1,773,174 million square feet of its Georgia portfolio, which RREEF owns on behalf of their institutional clients.

As many exotic adjustable rate mortgages (ARMs) are set to recast in 2010, the Consumer Mortgage Audit Center (CMAC) is projecting a mortgage crisis in 2010 as large as the subprime.