Mortgage bankers managed to make a marginal profit on the loans they originated in the second half of 2008, despite a drop in warehousing income and higher operating expenses.

More homebuyers jumped into the market last week, as interest rates and stimulus incentives made for prime borrowing conditions.

A recent report from the Office of the Comptroller of the Currency (OCC) reveals that commercial and retail underwriting standards tightened for the second consecutive year, following a four-year period of eased underwriting.

Irvine, California's Real Estate Disposition Corp. (REDC) announced last week that it generated $24.9 million in sales in its just-completed national online foreclosure auction.

At an age that most people consider to be the Golden Years, to be spent enjoying retirement and reaping seeds already sown, investment guru Byron Wien, 76, has embarked on a new job with Wall Street's Blackstone Advisory Services.

Single-family housing starts rose for the fifth consecutive month in July.

All Risks Ltd. has partnered up with the recently formed REO Asset Alliance, an industry coalition designed to provide coordinated distressed property loan support for lenders and investors.

Home values in the United States posted their 10th consecutive quarterly decline for the April to June period, falling 12.1 percent year-over-year, according to the second quarter Zillow Real Estate Market Reports.

Freddie Mac announced Tuesday that it has named mortgage industry veteran and former Mortgage Stanley executive Bruce M. Witherell as its new COO.

Irvine, California-based asset manager Sorrento Capital has launched a new Web site ̢ MortgageOutreach.org ̢ to educate homeowners on their options when faced with the imminent danger of mortgage delinquency, default, or foreclosure.