The Miami-based REO management firm 24 Asset Management Corp. has strengthened its executive team with the hiring of Don Maxwell and Roy Wall, both of which formerly held high-level positions with the GSEs.

UnitedTech Lender Services (UTLS), headquartered in Irvine, California, made an announcement Tuesday regarding the launch of its new Web site, aiming to provide lenders, servicers, and the mortgage industry with an overview of the wide array of default loan servicing solutions available

On Thursday, Redfin, an online real estate broker headquartered in Seattle, expanded to Atlanta, organized its real estate agents into local teams to give customers a high level of personal service, and began alerting customers by e-mail when a listing sells in their neighborhood.

The foreclosure crisis is far from over, and these properties are weighing heavily on bank books.

The Mortgage Bankers Association's (MBA) most recent Quarterly Mortgage Bankers Performance Report indicated profit margins for independent mortgage bankers and subsidiaries have narrowed.

In a recent announcement, the Government National Mortgage Association (Ginnie Mae) said it guaranteed more than $35.5 billion in mortgage-backed securities (MBS) in November.

According to the Mortgage Bankers Association's (MBA) analysis of the Federal Reserve Board flow of funds data, the level of commercial and multifamily mortgage debt outstanding fell to $3.43 trillion in the third quarter, representing a $28 billion or 0.8 percent decrease from the second quarter of 2009.

Many forecasts for the housing sector paint a picture of continuing price declines, rising foreclosure numbers, and a looming shadow inventory' that could stop recovery dead in its tracks, but Radar Logic says predictions of a second doomsday collapse are exaggerated.

Mortgage interest rates moved higher for a third consecutive week, according to two industry reports released Thursday, from Bankrate.com and Freddie Mac.

There were 1.7 million REOs and homes facing imminent foreclosure that had not yet hit the market at the end of the third quarter, according to data released Thursday by First American CoreLogic.