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Prospect Mortgage has appointed a new leader for its expanding operations in Massachusetts. The company recently announced Jeff Kobold as branch manager for Prospect's Orleans location. Kobold, who has more than a decade of lending experience, will head up the opening and operations for Prospect's Orleans office. Additionally, Kobold will take on responsibilities for the company's existing branch in Osterville, as well as other soon to open Cape Cod-area locations.

Canada-based Avison Young is bolstering the company's brokerage operations in Atlanta, Georgia. The commercial real estate firm recently hired Sean Moynihan to represent the organization throughout the Southeast U.S. Joining Avison Young as a principal, Moynihan will be responsible for developing strategies for real estate expense management and assisting with long-term planning to mitigate risk.

The Texas State Affordable Housing Corporation (TSAHC) has announced the expansion of its initiatives for low and moderate income homebuyers. TSAHC will now extend its down payment assistance programs to current homeowners and those who have previously owned a home.

Controversial hoops star Gilbert Arenas recently listed his Great Falls, Virginia, party pad for $3.5 million. According to Curbed, Arenas' estate features over-the-top amenities including a shark tank, outdoor grotto, suede covered walls, and one of the "largest private pools you will ever see."

Freddie Mac announced Tuesday its plans to expand on its Relief Refinance Mortgage Program by aligning separate mortgage requirements. The GSE announced that it will align requirements for mortgages with loan-to-value ratios that are equal to or less than 80 percent with those for mortgages with LTV ratios greater than 80 percent. The alignment is expected to eliminate many of the lender├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós selling representation and warranty responsibilities on loans being refinanced. Details are scheduled to be announced to lenders by mid-September.

The Consumer Financial Protection Bureau recently passed its one-year anniversary. On Monday, the agency released its semi-annual report for 2012 to highlight achievements in the first half of this year. What do the numbers say? For starters, the consumer bureau has received more than 55,300 complaints between July 2011 and June 2012, according to the report. The greatest single source of complaints, making up 43 percent of all complaints made to the CFPB, fell on mortgages and problems encountered by consumers with their monthly payments.

Uganda's leading mortgage lender, Housing Finance Bank Limited, has established a new partnership with Polaris Financial Technology Ltd. Housing Finance Bank selected Polaris' Intellect CBS platform to support its business and IT needs. Currently, Housing Finance Bank holds approximately 60 percent of all mortgage accounts in Uganda, and the entity is the ninth largest commercial bank in the country.

In Chicago, Illinois, Solidifi is set to welcome a new company leader. Solidifi recently announced that Andrew Bough would join the organization as its chief valuations officer. Bough, an industry veteran, has accrued nearly two decades of experience in the real estate, banking, and mortgage sectors.

Former President Bill Clinton will make a stop at the Democratic National Convention (DNC) in Charlotte, North Carolina, before continuing on to Dallas, Texas, to deliver the closing keynote at the mortgage industry's Five Star Conference and Expo. The DNC announced Monday that Clinton will formally nominate President Barack Obama as the Democratic party's presidential candidate during its convention on September 5, just two days before he speaks to thousands of mortgage default servicing professionals at the 2012 Five Star Conference.

The Federal Home Loan Bank of Atlanta, a federal bank aimed at providing affordable residential mortgages, recorded increasing income and an increasing annualized return on equity in the second quarter of 2012, according to information the bank released to the public Monday. The bank released highlights from the second quarter in an unaudited release and will file a full report with the Securities and Exchange Commission.. The Federal Home Loan Bank of Atlanta reported a net income of $60 million for the quarter, up $22 million from the same quarter last year.