The Federal Housing Administration (FHA) told Congress and reporters Thursday that its cash reserve fund has deteriorated to $3.6 billion - the lowest it's been in the agency's 75-year history.

A group of senior executives formerly allied with Chicago's Beacon Realty Capital have opened The BSC Group, a commercial real estate investment advisory services firm.

The mortgage banking law firm of ""Butler & Hosch, P.A."":http://www.butlerandhosch.com/ recently announced the appointment of Robert E. Simpson to the position of COO.

The state of Utah is no stranger to foreclosures, but the increasing amount of these properties has left some homeowners susceptible to foreclosure prevention schemes.

According to a recent survey by the National Association of Realtors (NAR), most states saw an increase in existing-home sales during the third quarter this year, and prices are moderating in many metro areas.

In an effort to reduce questionable practices used by banks during the foreclosure process, Representative Dennis Murray, a Sandusky Democrat, has created the Ohio HB 323, a new legislation directly related to the processes in which banks obtain and sell foreclosed properties.

With one promotion ending, another is beginning. In an effort to help first-time homebuyers with down payment and closing costs, MaineHousing, an independent state agency offering residents funding for homes, created their Gift of Green program.

In the third quarter lending and investing initiative report, released Monday by Bank of America, the company's progress in driving economic recovery was outlined in 10 key areas.

Activity in the multifamily sector showed a marked improvement during the third quarter, according to the data released Tuesday by The National Association of Home Builders (NAHB) in its multifamily market index.

Pro Teck Valuation Services, a real estate valuation and risk solutions provider headquartered in Waltham, Massachusetts, has tapped Jeff Marchetti to join the company as a senior sales director.