New York-based Credit-Based Asset Servicing and Securitization LLC (C-BASS), an affiliate of MGIC Investment Corp. and Radian Group, has entered into a definitive merger agreement with Fieldstone Investment Corp.

The Ohio Department of Development has generated $1 million in rescue funds to help distressed homeowners in their state. The donation will benefit the much larger Ohio Foreclosure Prevention Initiative — a statewide program that educates at-risk borrowers by referring them to a toll-free foreclosure prevention hotline.

What happens when a pet fails potty-training schoolx A few years ago, Pro Realty Inc. broker Matthew Revitte, who is based in Greeley, Colorado, was unfortunate enough to learn the answer. At the time, Matthew was working on a distressed home and was shocked to find its walls, floors, and ceilings covered in a thick, brown substance.

Despite some of the recent gloom and doom in the housing market, the latest Fitch Ratings report shows the performance of U.S. ‘REITs’ in 2007 as stable and strong. Continued economic expansion should remain a catalyst for higher occupanices and rental rates for many companies across the spectrum of property types, said Steven Marks, managing director and REIT group head.

Lansdale, Pennsylvania-based Keystone Asset Management, a nationally recognized firm that provides comprehensive services to clients in the default servicing industry, has named Thomas W. Driver director of operations for its corporate office.

After experiencing losses in the subprime market, mortgage lenders are turning to risk-assessment strategies to spot troubled loans early on. But, in today’s market, where lenders are constantly acquiring and selling off loan portfolios, the process of tracking challenged loans is more difficult than it first appears.

A difficult subprime market has finally caught up to San Diego-based Accredited Home Lenders Holding Co. A report released Thursday shows the subprime lender’s net income fell from $155.4 million in 2005 to $57.

Kansas City, Missouri-based Martin, Leigh, Laws & Fritzlen, P.C., a law firm specializing in mortgage and commercial real estate litigation, announced the addition of four new staff members within its St.

A Texas economist says a new predatory lending practice is targeting distressed homeowners in the subprime market. Borrowers should just walk away when they hear the term rescue loan, according to Dr. Mark Dotzour, chief economist for the Real Estate Center at Texas A&M University in College Station, Texas.

Recent losses in the subprime sector have sparked a series of mergers and acquisitions. The latest transaction involves the sale of Folsom, California-based Central Pacific Mortgage) to Los Angeles-based TMSF Holdings Inc.