Home prices rose in one out of every three U.S. metropolitan areas in the first quarter of 2008, but dropped in 100 out of 149 metropolitan areas, according to a new report from the National Association of REALTORS® (NAR).

Pasadena, California-based IndyMac Bancorp, Inc., the parent company of mortgage lender IndyMac Bank, F.S.B., announced Monday that the company recorded a net loss of $184.2 million, or $2.27 per share, for the first quarter of 2008, compared to earnings of $52.

The First American Corp., a provider of business information services, announced this week that its campus in Westlake, Texas, has been slated as the venue for the upcoming Mortgage Bankers Association’s CampusMBA loss mitigation workshop.

Parsippany, New Jersey-based Red Vision Systems Inc., a company that offers real estate property research solutions, has hired Jacqueline Young to serve in the role of Maryland State Manager. In her new position, Young will oversee the company’s growing business in Maryland.

A new report released by New York Superintendent of Banks Richard Neiman says one in 200 homes in the state are in foreclosure. The study added that in the first quarter of 2008 alone, 14,000 foreclosures were recorded in New York.

Royal Bank of Scotland Group (RBS), PLC, is at the center of a U.S. Securities and Exchange Commission (SEC) Investigation in relation to its exposure to the U.S. subprime mortgage market, according to a new report in the U.

Global banking platform HSBC said Monday that despite losses related to its U.S. mortgage banking sector, the company’s profits for the first quarter of 2008 have outdone profits for the first quarter of last year.

Realtors are gathering in Washington, D.C., this week for the National Association of Realtors® Midyear Legislative Meetings & Trade Expo. The event gives Realtors a chance to lobby for their top initiatives, which currently include tax credits for the benefit of home buyers, mortgage reform, affordable loans and access to property and casualty and flood insurance, according to NAR.

Brea, California-based Fremont General Corp. (FGC), which issues subprime mortgages through its subsidiary Fremont Investment & Loan, elaborated on its uncertain future Friday. The company said in a statement that it has entered into two Purchase agreements: One with Litton Loan Servicing, LP, for the company’s remaining servicing rights; and one with CapitalSource TRS Inc.

Financial and insurance services provider American International Group, Inc., (AIG) said this week that a lackluster housing market, credit troubles and changes in the equity market are partly to blame for the company experiencing a net loss of $7.