Two attorneys at the mortgage default law firm of Wilson & Associates, P.L.L.C. have been appointed to Arkansas Bar Association committees by the association’s president, Donna C. Pettus. Randall S.

House Rep. John Adler (D-New Jersey) has introduced the 21st Century FHA Housing Act of 2009, intended to essentially update the Federal Housing Administration (FHA) so that its single-family mortgage insurance program – a program for which demand and market share has soared in recent months – can continue as an affordable way for families to obtain the American dream.

Veros Real Estate Solutions, a Santa Ana, California-based provider of risk management and collateral valuation services, recently released its quarterly forecast of U.S. housing markets, including predictions of the country’s strongest and weakest areas.

Experts contend that the appeal of government-insured home loans and a resurgence in the Federal Housing Administration’s market share can be attributed to the fact that these mortgages require smaller downpayments than conventional loans.

Across Florida, people are struggling to deal with some of the aftershocks caused by the current economy, including the state’s alarming rise in foreclosed homes. To gain a better understanding of foreclosure, the people who are affected by it, and the impact it has on their lives, the Florida Association of Realtors (FAR) has initiated The Face of Foreclosure:http://www.

Sterling Technology Solutions, a Florida-based provider of default technology and home retention services, announced the rollout of its new flagship loss mitigation system on Monday. The company explained that it allows servicers to quickly implement loan modifications and other home retention strategies, even at high volumes.

Freddie Mac issued a bulletin to its servicers on Friday which clarifies its rules for property appraisals under the new Home Valuation Code of Conduct (HVCC) and spells out best practices servicers should follow to ensure loans meet the GSE’s definition of investment-quality mortgages and are eligible for sale to the government-backed mortgage financier.

The San Francisco-based real estate research company Trulia, Inc. reported last week that 24.6 percent of homes on the market in the United States as of July 1, have had at least one price cut, totaling $27.

Bank of Wyoming, headquartered in Thermopolis, Wyoming, was closed Friday by the state’s banking regulators. Central Bank & Trust of Lander, Wyoming, agreed to take over the failed institution’s sole branch office and assume approximately $59 million in non-brokered deposits.

Residents of Chicago’s Southwest Side stood alongside Bank of America officials last Thursday to announce a new partnership to combat the foreclosure crisis in the neighborhood and ensure hundreds of families can stay in their homes.