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 Senate approved the revised H.R. 3221 legislation Saturday with an overwhelming 72-13 vote. President Bush is expected to sign the bill into law within days. He withdrew his long-standing threat to veto the bill last Wednesday just hours before it was passed by the House);/*1217271487881*/.

The Certified Mortgage Planning Specialist (CMPS) Institute will host a training event in New York City from July 28-30. The event, CMPS Live!, is co-sponsored by the Maryland Association of Mortgage Brokers.

According to RealtyTrac);/*1217272492506*/, an online marketplace for foreclosure properties, national foreclosure activity for the second quarter jumped 121 percent compared to 2007. The company released its Q2 2008 U.

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.

Treasury Secretary Paulson spoke about reinforcing market stability and confidence at the New York Public Library today. During his speech he remarked on the failures of Bear Stearns);/*1216924957453*/ and IndyMac Bank);/*1216925006393*/ as well as devoted time to reaffirm his views on his new plan to provide capital for government-sponsored enterprises (GSEs) Fannie Mae);/*1216925037390*/ and Freddie Mac);/*1216925021878*/.

The Golden State continues to be the hardest hit by deteriorating conditions within the housing market. The number of California homes lost to foreclosure totaled 63,061 in the second quarter of 2008, marking a 20-year high, according to a DataQuick Information Systems %{=text-decoration: underline;}%report released on Tuesday.

The Mortgage Banker’s Association);/*1216933526248*/ announced earlier this week that Jonathan L. Kemper, current President and CEO, will be stepping down on December 31, 2008. According to the same MBA statement, during Kempner’s seven years with the MBA, the association doubled its revenues and operating reserve fund.

The Securities and Exchange Commission);/*1216927063730*/ announced on Friday that Freddie Mac);/*1216927086233*/ has become an SEC registrant under the Securities Exchange Act of 1934 and is now subject to the Act’s periodic and current reporting requirements.

As DSNews.com reported yesterday, the House approved the Foreclosure Prevention Act of 2008, passing what many in the industry are calling the most important mortgage and housing legislation in a generation.