Iowa Governor, Chet Culver, announced today that five entities from Iowa will receive a total of $1.2 million in funding to aid in the building and preservation of affordable housing.

James G. Jones was recently named as the newest member to the board of directors of DepotPoint, Inc., a default technology services provider based in Bellevue, Washington.

EAS, a Roseville, California-based provider of property valuation and risk management solutions, has repositioned the company and unveiled new solutions that its says address the crisis of confidence in the mortgage industry and set a new standard for property valuations and collateral risk management.

NeighborWorks America announced Tuesday that it has awarded a total of $1.9 million in community stabilization grants to 38 local NeighborWorks organizations throughout the country.

Two former Bear Stearns hedge fund managers were found not guilty of fraud charges Tuesday, in what is being called the first high-profile criminal case to come out of the subprime crisis and ensuing financial meltdown.

The Obama administration's mortgage relief programs are beginning to pick up steam.

Even as home prices are beginning to show signs of stabilizing and the industry is ramping up efforts to keep troubled borrowers in their homes, the latest market study from Jacksonville, Florida's Lender Processing Services (LPS) shows that mortgage delinquencies and foreclosures remain alarmingly elevated.

""Chase"":http://www.chase.com, the U.S. commercial banking business of New York-based ""JPMorgan Chase & Co."":http://www.jpmorganchase.com, announced Tuesday that it plans to hire 1,200 mortgage loan officers by the end of 2010.

As foreclosures continue to mount, investors, first time homebuyers, and those looking to trade up are continuing to benefit from the overpopulation of these properties.

The third quarter results have been released, and Freddie Mac is posting a loss. A $5 billion loss. Compared with the net income of $768 million during the second quarter, this $5 billion loss comes to a total of $6.3 billion after the dividend payment of $1.