Mortgage applications fell as rates for long-term 30-year loans edged upward during the shortened Labor Day holiday week.

Fund groups seeking to take part in a government program to buy distressed mortgage securities from banks are projecting returns of up to 20 percent for their investors.

According to a report released in September by the New England Center for Investigative Reporting at Boston University (NECIR-BU), Massachusetts state regulators lag far behind other New England states in sanctioning mortgage professionals.

The government's program to modify mortgage loans has clearly led to foreclosures being postponed in California, but they have not yet been cancelled pending trial period results, according to ForeclosureRadar's monthly report on California foreclosures.

Florida's banks, already battered by the state's sharp drop in residential housing prices, face a new wave of problems because of their disproportionately high engagement in commercial real estate.

And the winner is â¬Â¦ Residential Credit Solutions, Inc. for[IMAGE]the government's Legacy Loans Program (LLP).

On Monday, Milwaukee, Wisconsin-based eMagic announced that Wolters Kluwer Financial Services's initial home loan disclosures are now available from within the eMagic service fulfillment platform.

State Employees̢¢ Credit Union (SECU) and its member-owners are partnering with the Center for Responsible Lending, the North Carolina Commissioner of Banks (NCCOB), and Capital Broadcasting Corporation (CBC) to launch a media effort to reach homeowners in the state of North Carolina who are at risk of foreclosure.

The labor market has replaced housing as the dark cloud on the economic horizon, Freddie Mac economists said, but there are hopeful signs even as the jobless rate continues to rise.

Mortgage technology and services provider Lender Processing Services, Inc. (LPS) announced Monday that its SoftPro division won a Stevie Award for Best Product Development Team at the 2009 American Business Awards in New York.