Geoffrey Lamb, who did business as The Lamb Group and US Consumer Solutions, has been accused of running a foreclosure scam in Kannapolis, North Carolina.

In an announcement Thursday, Realpoint, a credit rating agency based in Horsham, Pennsylvania, said it has been selected to rate the Inland Western Real Estate Trust Inc. commercial mortgage backed securities (CMBS) transaction which is being underwritten by JPMorgan Securities Inc.

With new mortgage rules due to take full effect on January 1, 2010, HUD announced on Thursday its new series of online presentations intended to increase readiness among mortgage professionals.

In an endeavor to drastically expand the size and quality of their repository of Las Vegas commercial real estate data, Commercial Alliance Las Vegas (CALV), operated by the greater Las Vegas Association of Realtors, recently joined forces with Restrepo Consulting Group (RCG) and a leading national real estate data provider.

Early Friday morning, Rita Gosselin of Grosse Ile, Michigan was arrested after being accused of defrauding dozens of people in a massive real estate ponzi scheme, Attorney General Mike Cox announced.

""Weltman, Weinberg & Reis Co., L.P.A."":http://www.weltman.com/ (WWR) has added finance and real estate veteran Tom Cooperstein to its staff as director of the ""WWR Real Estate Default Group"":http://www.realestatedefaultgroup.com (REDG).

Most forecasts say the industry should expect foreclosure numbers to continue to mount, but one researcher from the University of Michigan argues that's just not the case.

The Dallas-based real estate investment firm Lone Star Funds is adding two more private equity funds to its books to capitalize on the distressed conditions of today's market.

The secondary market for commercial real estate is just beginning to show new life, with the first successful sale of a commercial mortgage-backed securities (CMBS) package in over a year and several new issues in the wings spurred by the strong investor interest on that initial offering.

Amherst Securities Group, L.P. announced this week that it has hired Citigroup analyst Darrell Wheeler to launch the company's entrance into the commercial mortgage-backed securities (CMBS) market.