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Summary of Commentary on Current Economic Conditionsby Federal Reserve DistrictSeptember 7, 2011  Real Estate and ConstructionResidential real estate activity remained weak overall, although a few Districts noted some slight improvements. Contacts in the Boston, Atlanta, Minneapolis, and Dallas ...

The Federal Deposit Insurance Corporation (FDIC) announced the launch of a new program to encourage small investors and asset managers to partner with larger investors to participate in the FDIC's structured transaction sales for loans and other assets from failed banks. The Investor Match Progra...

Real estate professionals and other observers in Southwest Florida, believe there has been a clear stabilization in pricing for 2011. Teaming up with Zillow.com, the real estate analysis site, Forbes calculated median sales prices by quarter for homes, condominiums and apartments at all price poi...

The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That's a record for the company's regular monthly study on mortgage performance trends. As of the end of July, LPS counted 2.2 million loans that were in foreclosure and nearl...

The FDIC submitted a Notice of Intention to Appear and Object to the New York federal court yesterday. They are contesting the $8.5 billion settlement proposal put forth by Bank of America in June because it has not been provided enough information to evaluate the settlement. The settlement is in...

HUD Extended the Application Period for Emergency Homeowners' Loan program(EHLP). The EHLP program provides assistance to borrowers at risk of losing their homes due to unemployment or underemployment. The new deadline for applications is September 15. Details on EHLP: The program is avalible to ...

AOL Inc. has launched a new real estate search tool on AOL Real Estate that is powered by Move, Inc.   The AOL Real Estate search now delivers new tools that enable users to refine their search by multiple criteria including open houses, new listings, and price reductions. It also connects potent...

The ratings agency DBRS made principal reductions the focus of a research note released August 23, 2011. The firm's analysts stressed that as a modification technique, debt forgiveness has long been regarded as controversial in the mortgage industry due to its moral hazard risk and the potential ...

Investigators are looking to determine whether Standard and Poor's (S&P) over-rated dozens of mortgage-backed securities prior to the financial crisis. The Securities and Exchange Commission has been investigating the matter for several months, and the Justice Department recently joined the inves...

Lender Processing Services (LPS) issued a report Tuesday which puts the number of mortgages that are delinquent or in foreclosure at 6,538,000. The company's assessment is based on mortgage performance statistics through the end of July, derived from its loan-level database of nearly 40 million m...