Despite the grim outlook for the commercial real estate (CRE) sector, Dallas is now home to a new CRE start-up that's got capital to boot.

A national coalition of local, state, and federal government agencies, nonprofit organizations, and financial institutions gathered at Los Angeles' City Hall Monday afternoon to launch a nationwide public education campaign against foreclosure rescue scams.

The Mortgage Bankers Association (MBA) announced Monday that it has convened an executive-level panel charged with making policy recommendations to Washington that will ensure the Federal Housing Administration (FHA) can continue in today's evolving mortgage marketplace.

The U.S. Department of Labor is taking significant steps to provide mortgage relief to unemployed homeowners, according to Faith Schwartz, executive director of the HOPE NOW Alliance.

A federal bankruptcy judge in New York created new uncertainties for mortgage servicers when he expunged a mortgage debt after the servicer could not provide sufficient documentation that it had a claim on the home.

Faced with continuing deterioration in the commercial real estate market, Capmark Financial Group proceeded to file for bankruptcy protection as it warned it might last month.

Bank of America is being stymied in its efforts to repay bailout funds as regulators argue over how much capital it needs to have, The Wall Street Journal reported.

As part of the Obama administration's efforts to strengthen communities and ease pressures on local housing markets, the U.S. Department of the Treasury announced Friday that 45 state housing authorities have been awarded a total of $3.1 billion.

""Standard & Poor's""Fixed Income Risk Management Services (FIRMS), an analytics and research unit separate from S&P's ratings business, has launched a new data feed for investors to help them evaluate exposure and risk in the U.S. residential mortgage-backed securities (RMBS) market.

Houston, Texas-based REO Leasing Solutions, LLC (R2L) has introduced a suite of services to assist property investors with leasing distressed residential assets and reinstating value to those troubled assets.