Dallas-based Acqura Loan Services unveiled its new Velocity software system on Tuesday, a new proprietary loss mitigation platform designed to assess borrower risk and determine the most sustainable modification or collateral disposition for the distressed loans that Acqura services.

The PMI Group, Inc. announced two executive promotions within its leadership team Tuesday. Andrew D. Cameron was named EVP, general counsel, and secretary. Thomas H. Jeter has been appointed group SVP, chief accounting officer, and corporate controller.

Roseville, California's American Pacific Mortgage Corporation was honored with the prestigious Affiliate of the Year award at the 2009 California Association of Mortgage Brokers (CAMB) convention in San Diego.

Due to Arizona'S over-saturation in foreclosures, home values in the state have skidded into double digit declines from their 2006 peak.

Three more regional institutions were closed Friday - two in Florida and one in Oregon -as community banks across the country continue their run of failures.

After wiggling out of bankruptcy earlier this year, MGM Mirage's $8.7 billion CityCenter condo development in Las Vegas says it will lower its prices to reflect current market conditions in order to close sales.

In a DSNews.com article in late June, Massachusetts-based Pro-Teck Valuation Services offered its perspective on the role and effect of appraisal management companies (AMCs) in the wake of the GSE's new Home Valuation Code of Conduct (HVCC).

The national unemployment rate dropped to 9.4 percent in July, according to figures released Friday by the U.S. Labor Department.

Irvine, California's Real Estate Disposition Corporation (REDC) announced today that it has added two new executives to its recently launched commercial real estate auction division.

The Senate Ethics Committee decided Friday that Senate Banking Committee Chairman Christopher Dodd (D-Connecticut) and Senate Budget Committee Chairman Kent Conrad (D-North Dakota) did not violate the legislature's rules on accepting gifts by participating in a V.I.P. mortgage program offered by Countrywide Financial.