Reisenfeld& Associates LPA, LLC"":http://www.reisenfeldlawfirm.com, a legal services provider to the mortgage banking industry, recently announced the addition of David C. Nalley as associate Kentucky counsel in the firm's foreclosure department.

It's hard to argue that the hardships of unemployment aren't having a notable effect on the mortgage industry and pushing some borrowers into the at-risk column.

Fannie Mae announced Thursday that it will relax its rules for buyers of certain condominium properties in Florida, one of the markets hardest hit by the housing downturn.

Although 2009 started out with record-setting home price declines in the aftermath of the housing meltdown, residential property values have rebounded substantially to close out the year posting a modest annual decline of 1.3 percent, according to the real estate valuation firm Clear Capital.

HOPE NOW, the industry-created alliance of mortgage servicers, investors, counselors, and other mortgage market participants, helps bring at-risk homeowners together with mortgage servicers and HUD-approved housing counselors through face-to-face events.

According to reports released today by both Bankrate, Inc. and Freddie Mac, the average rate for 30-year fixed mortgages and 15-year fixed mortgages fell this week.

In an announcement Thursday, Sawbuck Realty, an online broker headquartered in Washington, D.C., said it has launched the first location-aware mobile real estate search website.

The annual statistical report regarding the Colorado title insurance industry was recently released by the division of insurance of Colorado's Department of Regulatory Agencies (DORA).

Regulation X implemented new RESPA rules effective January 1, 2010, and Clayton Holdings LLC, a provider of customized risk analysis, loss mitigation, operational solutions, and staffing services to the mortgage industry, said its major compliance tools are ready for these new regulations.

New York-based Amalgamated Bank, an FDIC insured commercial bank with $4.5 billion in assets, announced Thursday that it has named James T. Freel to the position of SVP and chief real estate officer in its institutional asset management and custody division.