MERSCORP Holdings was once again absolved from legal misconduct according to the company. The Virginia-based company announced on Friday that the 8th Circuit U.S. Court of Appeals ruled on December 31, 2013 in Mayme Brown v. Mortgage Electronic Registration Systems, Inc, (MERS) affirming the U.S. District Court's dismissing all of the Clerk's claims against MERS.

As the year closes, the Federal Housing Finance Agency is celebrating a critical milestone. The GSEs' conservator announced that Fannie Mae and Freddie Mac have completed more than 3 million foreclosure prevention actions since the start of their conservatorship in September 2008. Another 2.9 million mortgages have been refinanced at today's lower interest rates, providing borrowers with significant savings.

Rochester Hills, Michigan-based Potestivo & Associates recently announced the addition of two attorneys and a new director of information technology. Daren S. O'Connell will serve as an associate attorney supporting the firm's Michigan foreclosure department. Mary K. Atallah will serve as an associate attorney in the Michigan office supporting both the landlord/tenant and litigation departments. Daniel Bowen has been named the firm's new director of information technology.

The board of directors of the American Legal & Financial Network (ALFN) has announced the resignation of William LeRoy as CEO and president. DS News has learned that LeRoy now serves as founder and principal of Scottsdale, Arizona-based Phoenix Consulting, LLC. The ALFN board has named Wes Kozeny, of Kozeny & McCubbin, L.C., as the interim CEO and president.

IndiSoft announced Tuesday that the company has enhanced its RxOffice Premium Counselor Edition. The updated module has been approved by HUD to meet the reporting requirements of agencies participating in its Housing Counseling Program. It was created to address the surge in the number of homeowners needing counseling to make informed housing decisions, and gives counseling agencies a scalable and flexible web-based case management tool to manage their internal business operations.

Three attorneys with Hutchens, Senter, & Britton, P.A. HSB) were honored with different accolades for their work in the industry. Terry Hutchens, a managing partner at HSB, has been selected by his peers for inclusion in the 2012 edition of The Best Lawyers in America. Hilton ""Hutch"" Hutchens and Sarah Miranda, an associate at HSB, have both been named to the 2012 North Carolina Super Lawyers list as ""North Carolina Rising Stars."" Miranda was also recently awarded an AV rating by Martindale-Hubbell for both legal ability and ethics.

Field Asset Services (FAS), a provider of pre-foreclosure, REO, and renovation field services, has released its top 10 property preservation predictions for 2012, which focus on providing superior customer service, the need to take initiative to pre-empt future problems, and a demand for knowledge that will open communication and deliver results. Among the company's forecasts, institutional investors will begin to emerge as their interest in purchasing single-family residence REO properties increases, and innovation in the area of mobile technology will be necessary for vendors and contractors to work more efficiently from the field.