The numbers are still dropping in Commercial and Multifamily Mortgage Originations.

The Center for New York City Neighborhoods (CNYCN) recently received a $100,000 grant from Freddie Mac, in an effort to continue foreclosure prevention in New York neighborhoods. Through a network of 30 nonprofit community-based partner organizations, CNYCN coordinates foreclosure prevention efforts by providing legal services, housing counseling, and education to individuals at risk of foreclosure.

American Home Mortgage Servicing, Inc. (AHMSI), headquartered in Texas, is fighting back against the lawsuit filed against them yesterday. Filed by Ohio Attorney General, Richard Cordray, the lawsuit against AHMSI alleges the company was under numerous violations of the Ohio Consumer Sales Practices Act.

In an announcement coming today from the United States Department of Treasury, RLJ Western Asset Management, LP, has completed an initial closing of a Public-Private Investment Fund (PPIF) established under the Legacy Securities Public-Private Investment Program (PPIP).

The historical revised real estate appraisal, constructed by Retro Appraisals LLC, isn't likely to excite lenders. Used by attorneys as a tool in loan modification, foreclosure defense, and foreclosure mediation, this appraisal estimates the market value of the subject property based on past data.

Richard Cordray, Ohio Attorney General, has put his foot down on loan servicers using unfair and deceptive practices. A lawsuit filed today by Cordray against American Home Mortgage Servicing Inc. (AHMSI), alleges numerous violations of the Ohio Consumer Sales Practices Act.

One former real estate agent believes he has created the next big thing for foreclosure agents. With technology playing an increasing role in real estate agent's search for systems to help them work smarter and increase production, 27-year-old Thomas Moore decided to attack the issue head on.

The future of commercial real estate is still on unstable ground. According to a recent quarterly survey of more than 100 senior commercial real estate executives, conducted by the Real Estate Roundtable, difficulty in the commercial real estate sector is far from over.

With the proposed extension and modification of the tax credit for homebuyers pending before Congress, results of a real estate market conditions survey completed by Campbell/Inside Mortgage Finance Monthly show that first time homebuyers will benefit more than current homeowner.

With the number of foreclosures continuing to grow and the surge of vacant homes on the market, homeowners are becoming increasingly susceptible to scam artists peddling questionable services.