The Appraisal Foundation, a congressionally authorized non-profit organization working to institute industry-wide appraisal standards and appraiser qualifications, has established the Appraisal Practices Board (APB).

An award-winning specialty servicer and a national attorney have teamed up to create a program aiming to help lenders comply with foreclosure legislation.

The numbers are still dropping in Commercial and Multifamily Mortgage Originations.

The Center for New York City Neighborhoods (CNYCN) recently received a $100,000 grant from Freddie Mac, in an effort to continue foreclosure prevention in New York neighborhoods. Through a network of 30 nonprofit community-based partner organizations, CNYCN coordinates foreclosure prevention efforts by providing legal services, housing counseling, and education to individuals at risk of foreclosure.

American Home Mortgage Servicing, Inc. (AHMSI), headquartered in Texas, is fighting back against the lawsuit filed against them yesterday. Filed by Ohio Attorney General, Richard Cordray, the lawsuit against AHMSI alleges the company was under numerous violations of the Ohio Consumer Sales Practices Act.

Mortgage industry leaders have continually lamented rising unemployment as the principal issue driving delinquencies going forward. The U.S. Department of Labor reported Friday that the national unemployment rate has risen to 10.2 percent.

Ocwen Financial Corporation, the West Palm Beach, Florida-based mortgage servicer known for its work in bringing highly distressed loans back to performing status, has fallen into the red.

President Barack Obama inked his approval of the bill extending and expanding the homebuyer tax credit incentive Friday morning.

The Federal Housing Administration (FHA) was scheduled to disclose a highly anticipated independent annual audit of its finances on Wednesday, but at the last minute, the agency announced that the release of the findings would be postponed. The examination, compiled by Integrated Financial Engineering: http://www.

The government-run mortgage financing giant, Fannie Mae lost $18.9 billion during the third quarter.