All Risks Ltd. has partnered up with the recently formed REO Asset Alliance, an industry coalition designed to provide coordinated distressed property loan support for lenders and investors.

Home values in the United States posted their 10th consecutive quarterly decline for the April to June period, falling 12.1 percent year-over-year, according to the second quarter Zillow Real Estate Market Reports.

Freddie Mac announced Tuesday that it has named mortgage industry veteran and former Mortgage Stanley executive Bruce M. Witherell as its new COO.

Irvine, California-based asset manager Sorrento Capital has launched a new Web site ̢ MortgageOutreach.org ̢ to educate homeowners on their options when faced with the imminent danger of mortgage delinquency, default, or foreclosure.

The state of New York is giving first-time homebuyers an added incentive to get off the fence and enter the ownership market.

Small, regional banks have felt the brunt of the nation's economic crisis this year and their woes continued Friday as regulators shut down institutions in Nevada, Alabama, Pennsylvania, and two in Arizona.

Federal Reserve officials met last week and issued a statement saying their program to purchase $1.25 trillion of mortgage-backed securities (MBS) will be winding down by the end of year.

The Chicago-based credit reporting agency TransUnion says that while mortgage delinquency rates continued to rise in the second quarter of the year, the pace is slowing from its seemingly break-neck speed in months prior.

The Open Geospatial Consortium, Inc. (OGC) and the Mortgage Industry Standards Maintenance Organization (MISMO) have announced that the two organizations will collaborate on standards development that will enable the use of Web-based geospatial technologies in real property transaction applications.

Brandy Cutler has resigned as director of default management at PennyMac Loan Services to join North American Property Preservation Corporation (NAPPCorp) in Calabasas, California.