At their annual convention in Phoenix, The National Association of Real Estate Investment Trust (NAREIT) announced that Leo Wells, president and founder of Wells Real Estate Funds, has been elected to the company's board of governors. Founded 25 years ago, Wells Real Estate Funds is a national real estate investment firm based in Atlanta.

In an effort to help homeowners experiencing financial hardship understand and take advantage of the benefits of the Home Affordable Modification Program (HAMP), PMI Mortgage Insurance Co., headquartered in Walnut Creek, California, introduced a new video today, entitled Navigating the Home Affordable Modification Program.

With housing affordability hitting near-record highs, now is the time to buy.

The Ernst & Young LLP Entrepreneur of the Year 2009 National Award in the servicing category, selected from more than 300 regional award winners in over 25 cities, was presented to Robert Klein, founder and CEO of safeguard Properties.

According to data released today by the United States Commerce Department, nationwide housing production fell 10.6 percent, resulting in a seasonally adjusted annual rate of 529,000 units in October.

Commercial mortgages will be the next big problem for lenders, though not as devastating as the residential woes of the past two years that seems to be the prevailing consensus among economist and industry analysts.

Borrower requests for home loans diminished last week, according to the latest survey from the Mortgage Bankers Association (MBA).

Homeowners in the United States were more optimistic about the future of the housing market last quarter than they have been in 18 months, according to the Zillow Q3 Homeowner Confidence Survey.

The Federal Reserve’s “Term Asset-Backed Securities Loan Facility”:http://www.newyorkfed.org/markets/talf.html (TALF) saw the sale of its first commercial mortgage bond this week.

In less than four hours this past weekend, REDC's online foreclosure auction generated 14.9 million in foreclosure real estate sales in Dallas, Houston, and Seattle.