Massachusetts Attorney General Martha Coakley announced Tuesday that her office has filed suit against mortgage lender Option One Mortgage Corp., a subsidiary of H&R Block, Inc., and is accusing the company of contributing to the state’s foreclosure crisis by issuing deceptive loan products and targeting black and Latino borrowers.

Walnut Creek, California-based PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc., said Wednesday that the company hopes to help consumers through the launch of a new Web site that includes Web videos and content on how to save a home from foreclosure.

Housing Predictor, a research company that conducts real estate-related polls, has released a new survey which indicates that 56-percent of  Americans interviewed for the research project say they’ve lost faith in mortgage lenders.

For the 15th consecutive month in a row, single-family home sales in Rhode Island dropped in April, according to a new report from publisher and real estate data provider The Warren Group. The data provider elaborated on this phenomenon saying single-family home sales have dropped 18.

Federal Reserve Chairman Ben Bernanke said in a statement Tuesday that financial conditions remain strained in the country with some key funding and securitization markets showing only minor signs of recovery, while lagging housing prices and skyrocketing oil expenses continue to create significant risks to growth.

Cleveland, Ohio-based law firm Ulmer & Berne, LLP, which is known for representing publicly and privately-held companies and financial institutions, announced the formation of an internal Subprime Task Force this week.

New York State Senator Jeff Klein is one of several lawmakers supporting New York State Senate Bill 7028, a piece of legislation that would require the winning party in a foreclosure action to ensure a home is cared for properly, especially if a local neighborhood homeowners’ association requires that specific maintenance measures occur.

The U.S. Department of Housing and Urban Development) officially launched National Homeownership Month on Monday, which is a campaign that will refocus borrowers and help them become more responsible mortgage consumers.

Financial services platform Wachovia Corp., issued a press release Monday saying the company has asked Chief Executive Officer Ken Thompson to retire after a series of disappointments that cumulatively have negatively impacted the company and its performance.

Integrated Asset Services, LLC (IAS), a company that specializes in default management and residential valuation, has officially rolled out its new monthly IAS360 Home Price Index—a tool that is toted as a product that offers the big picture when it comes to housing market trends on a county level.