ADP Institute reported the addition of 204,000 nonfarm private sector jobs for the month of August on a seasonally-adjusted basis in its August National Employment Report, released on September 4.

The number of foreclosure filings in a six-county region in Illinois that includes Chicago dropped by nearly 38 percent from the first half of 2013 to the first half of 2014, falling to its lowest level since 2007, according to data released by the Woodstock Institute on September 4.

Avenue 365, a Pennsylvania-based national title insurance and settlement services provider, has announced the hiring of David Tiberio as vice president of default services and as a national account manager.

Online marketplace exchange DebtX has announced its intention to sell 15,000 nonperforming residential loans for the U.S. Department of Housing and Urban Development (HUD) as part of the agency's Single-Family Loan Sale (SFLS) program. The unpaid principal balance of the loans amounts to about $2.3 billion. The bid is scheduled for September 30. The loans will be sold in eight national pools ranging from $94.5 million to $804.5 million.

While the state of Alabama has been slow to recover economically since the recession officially ended five years ago, recovery of the housing market in the state has struggled along with the rest of the nation so far this year, according to a special commentary on Alabama's economic outlook by the Wells Fargo Economics Group for September 2014.

The Office of the Comptroller of the Currency (OCC) announced on September 2 that it has published final guidelines for large financial institutions regarding the strengthening of governance and risk management practices for those institutions.

Mortgage Contracting Services (MCS), a Plano, Texas-based company that provides property inspection, property preservation, REO property maintenance, and valuation services to the financial industry nationwide, has appointed Bart R. Vincent as its chief financial officer.

The Federal Housing Finance Agency (FHFA) proposed a rule on September 2 that would amend financial institutions' requirements for application and membership retention in one of the 12 Federal Home Loan Banks.

Prominent mortgage banking attorney David Stein has joined Ohio-based law firm Bricker & Eckler as part of the firm's Consumer Financial Services and Litigation practice groups, Bricker announced recently.

The U.S. Department of Housing and Urban Development (HUD) announced in a report released last week it has sold $15.8 billion in nonperforming loans since 2010, cutting losses to its insurance fund and saving thousands of homeowners from foreclosure.