The Treasury Department is examining a new plan that would cut mortgage interest rates, in hopes of stemming the rising tide of foreclosures and the still growing housing crisis, which lie at the core of the national financial crisis.

Sales of single-family homes and condominiums in Connecticut continued slumping in October, sinking by double-digit percentages from a year earlier, according to The Warren Group, a provider of real estate data for the New England area.

The Independent Community Bankers of America (ICBA) and Minneapolis-based Wolters Kluwer Financial Services have joined forces to help ICBA members better manage compliance and risk associated with servicing mortgages, as more people turn to their local community bank for a home loan.

The volume of refinance applications skyrocketed in the week ending November 28, 2008, according to the Mortgage Bankers Association’s (MBA’s) Weekly Mortgage Applications Survey released yesterday.

Titanium Holdings, Inc. recently announced that it has selected a headquarters location in Fort Mill, South Carolina that will accommodate the company’s growth and the strategic expansion it is implementing to meet industry demand.

Safeguard Properties was recognized as a Weatherhead 100 Centurion Company at a ceremony held on December 2. The Weatherhead 100 recognizes the best and fastest growing companies in Northeast Ohio. It was founded under the Weatherhead School of Management at Case Western Reserve University in Cleveland.

Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage industry, today announced that Wells Fargo Home Mortgage has entered into a multi-year consulting agreement with LPS.

Irvine, California-based Real Estate Disposition LLC (REDC), a national real estate auction company, recently announced that it sold 634 homes for $56.6 million during its just-completed auctions in Chicago and Las Vegas November 22-23.

Single-family home sales in Rhode Island jumped 11 percent in October from a year earlier, the first double-digit percentage gain in monthly home sales in four years and the first significant increase in sales this year, according to a new report from The Warren Group.

St. Louis, Missouri-based Millsap & Singer LLC, a firm specializing in foreclosure, bankruptcy, and mortgage-related litigation, has promoted Joan Burke to Team Lead of the firm’s Sales Group. In this position, Burke will supervise the pre-sale audit process, bidding and auctioneering processes, and post-sale processes on Missouri foreclosures.