Pending home sales rose again, marking eight consecutive monthly gains for the National Association of Realtors' (NAR) forward-looking sales indicator the longest streak since measurement began in 2001.

Jacksonville, Florida-based Lender Processing Services, Inc. (LPS) has acquired the Chicago-based REO auction company Rising Tide Auctions, the company announced Monday.

It comes as hardly a surprise CIT Group, Inc. filed for Chapter 11 bankruptcy protection on Sunday.

Wholesale mortgage lender CMG Mortgage is re-introducing a home loan program that the company developed and marketed successfully between 2005 and 2008.

Federal banking regulators issued guidelines Friday to encourage prudent commercial real estate (CRE) loan workouts.

There was no final word from Capitol Hill on an extension of the homebuyer tax credit this week, as was expected.

The number of empty homes in the United States including foreclosures, residences for sale, and vacation properties rose during the third quarter, according to data released by the U.S. Census Bureau Thursday.

Lenders Asset Management Corporation (LAMCO), a nationwide REO and default management company headquartered in Littleton, Colorado, announced its 20th anniversary Thursday.

The Homeownership Preservation Foundation (HPF) has asked all HOPE NOW Alliance partners to stop using its housing counseling hotline the well-recognized 888-995-HOPE number on door hangers left behind by field service operatives at homes that may be at risk of foreclosure.

Legislation was approved by both the House and Senate Thursday that extends the higher loan limits currently in place for mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA).