First American Outsourcing and Technology Solutions, a member of The First American Corporation family of companies and a host-system technology for the mortgage industry, has announced that it will hold its[ annual client conference from October 21-23, 2009, at the Disney Contemporary Resort in Lake Buena Vista, Florida.

The Michigan-based default law firm of Potestivo & Associates, P.C, announced Friday that it has hired two mediation specialists, Summer E Gary and Paul Poles.

The nonprofit Fair Mortgage Collaborative (FMC) has partnered with Mortgage Grader, a technology and management company in Laguna Niguel, California, to support the development and management of the organization's fair and safe testing platform.

Mortgage real estate investment trusts (REITs) looking to capitalize on cheap government financing and a massive supply/demand imbalance to build portfolios of distressed real estate assets are poised to lead a rebound in initial public offerings, Renaissance Capital said in a report.

In yet another contentious Congressional hearing on the federal government's foreclosure-prevention programs, House Financial Services Committee Chairman Barney Frank on Wednesday reissued his threat to introduce mortgage cramdown legislation if the lending industry didn't do a better job of policing itself.

On Wednesday, FirstService Real Estate Advisors (FirstService REA) announced another step in its expansion strategy with the addition of a full-service real estate services regional headquarters in Washington, D.C.

Delinquency rates on commercial mortgages continue to rise, prompting analysts to raise their forecasts for default rates.

Banks are now more assertive in managing, resolving, and selling troubled loans and other real estate they have taken back and held in their own portfolio, says Michael Cain, managing director of asset sales and advisory for Douglas Wilson Companies, a specialized real estate services firm based in San Diego.

After passing both the Assembly and Senate with large majorities, California legislation mandating that buyers of real estate owned (REO) properties be allowed to choose their own escrow services could be signed into law shortly by Gov. Arnold Schwarzenegger, and take effect almost immediately.

Cary, North Carolina's Local Market Monitor announced the release of its third quarter Home Price Forecast on Wednesday, which predicts local market behavior for over 300 U.S. housing markets.