Michigan-based ""Potestivo & Associates, P.C."":http://www.potestivolaw.com, a legal services provider to the default servicing industry, announced Thursday that the firm has hired a new associate attorney, Herbert R. Worthy, Jr.

As reported by DSNews.com this week, JP Morgan Chase and other lenders are lobbying the Treasury Department to include interest-only periods for mortgages modified under federal guidelines.

Mortgage interest rates rose slightly over the week, but rates on 30-year fixed mortgages remained below 5 percent for the third consecutive week, according to latest ""Primary Mortgage Market"":http://www.freddiemac.com/pmms/release.html?week=42&year=2009&display=release Survey released by Freddie Mac Thursday.

The Texas-based law firm of Baxter, Schwartz & Shapiro, LLP, a member of the ""LOGS Network"":http://www.logs.com of default servicing attorneys and legal professionals, recently announced that H. Gray Burks IV has joined the firm as managing senior litigation attorney.

Funds set up to invest in distressed real estate are running into some unexpected competition national builders that, far from being on the ropes, have hoarded cash and are now aggressive in the market.

Foreclosure activity in the United States set a new quarterly record in the three months ended September 30, increasing 5 percent from the previous quarter and 23 percent from the third quarter of 2008, according to new data released by ""RealtyTrac"" Thursday.

Mortgage demand slipped last week, after hitting its highest mark in four and a half months the week prior, according to Wednesday's Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA).

What if each of the world's estimated one billion computers could be linked to focus on humanity's most pressing issues?

Home prices slid again in August, according to the latest index released Tuesday by Denver-based Integrated Asset Services, LLC (IAS).

Gov. Arnold Schwarzenegger signed nine housing bills into law this week. One in particular, Senate Bill (SB) 94, consumer advocacy groups are calling a clear victory for California's many troubled homeowners facing foreclosure.