Iowa Governor, Chet Culver, announced today that five entities from Iowa will receive a total of $1.2 million in funding to aid in the building and preservation of affordable housing.

James G. Jones was recently named as the newest member to the board of directors of DepotPoint, Inc., a default technology services provider based in Bellevue, Washington.

As foreclosures continue to mount, investors, first time homebuyers, and those looking to trade up are continuing to benefit from the overpopulation of these properties.

The third quarter results have been released, and Freddie Mac is posting a loss. A $5 billion loss. Compared with the net income of $768 million during the second quarter, this $5 billion loss comes to a total of $6.3 billion after the dividend payment of $1.

With the unemployment rate at an all-time low, employment in the mortgage industry is following suit. According to the Third Quarter Mortgage Employment Analysis from Mortgagedaily.com, mortgage employers eliminated 710 more positions during the third quarter than they added.

Redfin, an online brokerage, recently released a new version of the website. This new site features near-real-time data and photos of recent home sales, as well as automatic links to blog discussions of a listing, according to Redfin.

In an announcement made today by Grubb & Ellis, Thomas P. D'Arcy has been named as the company's president,CEO, and newest member of the board of directors.

In an announcement coming today from the HUD Mortgage Review Board (MRB), two FHA-approved lenders will be facing penalties for alleged violation of a variety of FHA lending and marketing standards.

As homes with negative equity decreased, home values showed short term stabilization, and foreclosures increased, according to the third quarter Zillow real estate market report.

An award-winning specialty servicer and a national attorney have teamed up to create a program aiming to help lenders comply with foreclosure legislation.