As many exotic adjustable rate mortgages (ARMs) are set to recast in 2010, the Consumer Mortgage Audit Center (CMAC) is projecting a mortgage crisis in 2010 as large as the subprime.

Fifty-four percent of homeowners who received foreclosure counseling through the National Foreclosure Mitigation Counseling (NFMC) program reported reduced or loss of income as the primary reason they were facing foreclosure, according to an announcement Thursday by NeighborWorks America, administrator of the NFMC program.

HOPE NOW announced Thursday the initial launch of its HOPE LoanPort, a new web portal that will give HUD-approved housing counseling agencies the ability to submit completed Home Affordable Modification Program (HAMP) applications for borrowers facing foreclosure.

Emeryville, California-based HomeGain, a provider of online marketing solutions that connect real estate agents and brokers with homebuyers and sellers, released the results of its fourth quarter Home Prices Survey of Realtors on Thursday. According to the survey, which was based on responses of 928 real estate agent and brokers across the United States, most respondents believe home prices will either stay the same or increase in the next six months.

The U.S. House of Representatives recently passed the conference report for H.R. 3288, the Consolidated Appropriations Act.

The Treasury Department this week put a hold on one of the Public-Private Investment Program (PPIP) funds set up to buy banks's toxic mortgage-backed securities.

The bankrupt Taylor Bean& Whitaker"":http://dsnews.comarticles/its-official-taylor-bean-files-for-bankruptcy-protection-2009-08-25 is close to selling off a portfolio of roughly 2,000 foreclosed homes.

Northwest Trustee Services, Inc. has hired Janet Block as foreclosure operations manager in its Santa Ana, California office.

Fulfilling their mortgage obligation is not at the top of most homeowners' lists, according to a study published this week by Auriemma Consulting Group (ACG).

LenderLive Network Inc., a Denver-based provider of business process outsourcing and technology to the financial industry, announced this week that Craig Kaley has joined the company to analyze business architecture for potential clients.