The Michigan State Housing Development Authority applauded the Michigan Congressional Delegation in a press statement yesterday, for their work in helping pass the Economic Recovery Act of 2008, which was recently signed by President Bush.

Foreclosure.com, a nationwide database of foreclosed homes and distressed properties, announced, via press release, new ventures that will help them expand their business into other markets. Included in the announcement was the news that Brad Geisen, foreclosure.

The Mortgage Bankers Association (MBA) its Weekly Mortgage Applications Survey for the week ending July 25, 2008 today. According to the survey, the Market Composite Index, which is a measure of mortgage loan application volume, was 420.

The Hope Now Alliance, a private sector alliance of mortgage servicers, counselors, and investors who work to help homeowners facing foreclosure, announced today that mortgage servicers helped a record number of homeowners avoid foreclosure in June 2008 and the second quarter 2008.

The Mortgage Bankers Association);/*1217354603036*/ released their Mortgage Originations Survey today, which showed that the demand for fixed rate mortgage products increased in the second half of 2007.

Faith Schwartz, the executive director of the Hope Now Alliance);/*1217350189354*/, an organization of counselors, servicers, investors, and other mortgage professionals who work to help homeowners avoid foreclosure, testified on Friday before the House Financial Services committee.

The Mortgage Bankers Association (MBA):javascript:void(0);/*1217362200340*/ released a formal comment letter to the Securities Exchange Commission (SEC) on Friday, concerning the SEC’s proposed amendments to its regulations governing nationally recognized statistical rating organizations (NRSROs).

The Warren Group);/*1217267612893*/, a Boston-based provider of New England real estate data, reported today that Massachusetts single-family home sales during the first half of 2008 were at their lowest level in more than 15 years after dropping 19.

Freddie Mac);/*1217264511820*/ released their June monthly volume summary on Friday. According to the report, the single-family delinquency rate for all loans was 86 basis points in May, up from 81 basis points in April.

The National Association of Realtors (NAR);/*1217019020353*/) released a press statement yesterday with their figures for existing-home sales during June, which showed that sales for existing single-family homes, townhomes, condominiums, and co-ops fell 2.