Although signs of economic recovery have begun to take shape, don't expect the number of bank collapses to ease that's the opinion of the federal agency that insures the nation's financial institutions.

JPMorgan Chase announced plans Wednesday to open 24 new Chase Homeownership Centers around the country by next April to counsel troubled homeowners on their options and help pull together paperwork for mortgage modifications.

Bank of America's three-month long search for a new CEO has come to an end, and the chosen one is one of their own.

Total Mortgage Service, LLC (TMS), a mortgage lender and broker based in Milford, Connecticut, provided an update on Thursday regarding its 2009 performance and the company's outlook and initiatives for 2010.

In a press conference on Thursday, members of the Maryland mortgage fraud task force highlighted their progress thus far and discussed their plans for the future.

In an announcement today, the Mortgage Bankers Association (MBA) said it has promoted six of its employees. The company now has a new VP of public affairs, two new AVPs, and three new directors.

On Tuesday, HUD announced the publication of a proposed rule setting the minimum standards that states must meet in licensing loan originators to comply with the Secure and Fair Enforcement Mortgage Licensing Act of 2008 (Safe Act).

New York residents now have further protection against foreclosures.

As continued weakness in the economy and job markets weighed on consumers’ potential home buying plans, builder confidence in the market for newly built, single-family homes decreased in December, according to the National Association of Home Builders (NAHB).

Prommis Solutions, LLC, a national provider of default processing services headquartered in Atlanta, Georgia, announced Monday that Susan Staley has joined its business team as VP of loss mitigation.