The Bush Administration issued final guidance that will permit its flagship mortgage insurance program to assist more homeowners who are struggling to keep up with their high-cost subprime adjustable rate mortgages.

The U.S. Department of Housing and Urban Development is extending the public comment period on the Bush Administration's proposed reforms to the real estate settlement process.

The U.S. House of Representatives passed the most comprehensive response yet to the American mortgage crisis. The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) responds directly to the current crisis facing middle class Americans while providing the tools

By a vote of 239-188, the House passed The Neighborhood Stabilization Act (H.R. 5818), which authorizes a $15 billion federal grant and loan program to help state and local governments purchase, rehabilitate, and resell or rent foreclosed homes.

The Federal Trade Commission and the Federal Reserve Board proposed regulations that generally would require a creditor to provide a consumer with a risk-based pricing notice when, based in whole or in part on the consumer's credit report, the creditor

Last week, after improving slightly rates reversed course and ended the week close to where they began. However, this course correction was not due to and economic reports, but rather to a commodity we all use on a regular basis.

PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has implemented its InHouse Mortgage enterprise lending platform with ten lenders across the US in recent months.

The National Association of Home Builders expressed support for steps recently announced by Fannie Mae to address severe problems in the nation's housing finance system.

CampusMBA, the award winning education division of the Mortgage Bankers Association, announced it has launched a strategic educational offering focusing on Federal Housing Administration loan guidance for Flagstar Bank.

Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.05 percent with an average 0.3 point for the week ending May 8, 2008, down very slightly from last week when it

ROYAL Bank of Scotland is being investigated by the US Securities and Exchange Commission over its exposure to American sub-prime mortgages.

First United Corporation has reported a net income of $3.14 million for the first quarter ended March 31, 2008, compared to a net income of $2.06 million for the same quarter of 2007.

Tompkins Financial Corporation has completed the acquisition of Sleepy Hollow Bancorp, an FDIC insured, full service community commercial bank.

Stifel Financial has reported a net income of $14.3 million for the first quarter ended March 31, 2008, compared with a net income of $8.8 million for the same quarter of 2007.

Credit Suisse has revealed its plans to launch its new Multi Manager Multi-Asset Growth Fund in early June 2008.

The Building Societies Association of UK has elected John Goodfellow, CEO of Skipton Building Society, as the new chairman of the association for the year 2008/09.

Bancolombia has announced a net income of COP253.9 billion in the first quarter of 2008, an increase of 23% from COP206.4 billion for the same period in 2007.

New research from the Building Societies Association of UK has revealed that despite the testing market conditions, the majority of building society bosses are optimistic about the year ahead.

Pulaski Bank and Trust Company, the subsidiary of Iberiabank Corporation, has entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation, as receiver of ANB Financial.

SVM Asset Management has announced that it will launch its new SVM Cautious Managed Fund and SVM Balanced Managed Fund on May 15, 2008.