The innovative eClosingNet (eCN) service offered by eLynx, a Cincinnati-based portfolio company of American Capital, has gained industry acceptance quicker than anticipated, according to a recent announcement by the company.

Lincoln, Nebraska-based Mortech, Inc., a mortgage technology software company, has joined forces with Ellie Mae, the Pleasanton, California-based provider of enterprise mortgage origination technology solutions, to create an integrated offering of the companies' flagship solutions.

In an effort to help the industry cope with the aftermath of the Protecting Tenants at Foreclosure Act (PTAFA), Austin, Texas-based TenantAccess offers a comprehensive, end-to-end solution called the Tenant Protection Response Program (TPRP) and is now providing tier 1 banks, servicers, and asset managers relief from the property and tenant management responsibilities they have acquired as a result of this legislature.

Noting a decrease in both purchase volume and refinance activity from 2009, the first-quarter update to iEmergent's formal 2010-2014 Mortgage Volume Forecast was recently released by the Des Moines, Iowa-based market research, forecasting, and advisory services firm

Despite the static housing economy, RE/MAX, a global real estate company based in Denver, earned No. 1 market share status in the Twin Cities 13-county metro for number of listings sold between January 1, 2009 and December 31, 2009. In addition to earning No. 1 market share in the Twin Cities 13-county metro, RE/MAX agents proved to be the most productive agents in the metro for 2009, the company said.

Bank of America extended more credit in 2009 than any other U.S. bank, according to the bank's fourth quarter Lending & Investing Initiative Report. Released Friday, the report noted the extension of more than $758 billion in credit during 2009, including nearly $180 billion during the fourth quarter alone. The report outlines the bank's progress in driving economic recovery through 10 key areas, including lending to consumers and businesses of all sizes, support for municipalities and nonprofits, community development, and other initiatives.

The comprehensive Home Affordability and Stability Plan, introduced by the Obama administration in March 2009, was created in hopes of providing refinance and modification options for millions of homeowners. So far, though, that hasn't been the case. However, Fifth Third Mortgage Company, a financial services company headquartered in Cincinnati, Ohio and a subsidiary of Fifth Third Bank, says it has done its part to help homeowners stay in their homes.

According to a recent company announcement, Matt Vernon has been named short sale and real estate owned (REO) executive for Bank of America Homes Loans. In his new position, Vernon will develop and implement initiatives to manage and streamline the bank's efforts to use short sales and other property liquidation tools to prevent foreclosures. In addition, Vernon will oversee the management and marketing of properties in the bank's REO portfolio.

According to a recent announcement, Bellwether Real Estate Capital, LLC, a full-service commercial moartgage banking operation based in Cleveland, has been approved as a Freddie Mac Multifamily Program Plus Seller/Servicer. Shared by only 26 other firms in the country, this designation authorizes Bellwether to sell and service loans secured by multifamily properties in Ohio, Kentucky, and Western Pennsylvania.

Integrated Mortgage Solutions(IMS), a Houston-based collateral protection resource for the mortgage servicing industry, recently reported three-year sales growth of 597.9 percent in 2009. In addition to posting huge sales gains, the company received several industry awards last year.