Stewart Asset Recovery (STAR), a full-service REO asset management and disposition provider, was recently launched by Stewart Lender Services (SLS), the wholly owned subsidiary of Stewart Title Company.

Michael Milan, a former loan broker from Maryland, has admitted to his involvement in a multi-million dollar mortgage fraud scheme and pleaded guilty on Tuesday to conspiracy to commit mail and wire fraud.

After more than 20 years of service in the residential mortgage marketplace, Ideal Mortgage Brokers (Ideal), doing business as Lend America and Lending Key, has ceased its loan origination and operations, according to the Lend America website.

Frontier State Bank, based in Oklahoma City, Oklahoma, primarily originating Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac loans, announced Tuesday that it has selected Kroll Factual Data to provide independent verification of borrower data prior to all loan closings.

Hudson & Marshall of Texas, Inc. (H&M), a real estate auction firm, announced Tuesday that it will auction over 80 bank-owned homes in cities across Washington D.C., Maryland, Virginia, and West Virginia between Wednesday and Saturday of this week.

As prices for single-family homes and condos in Rhode Island continued to decrease in October, sales of these properties drastically increased.

In the most recent report by New York-based Real Estate Econometrics (reeconometrics), the property research firm updated its projections, predicting the default rate for bank-held commercial mortgages will rise to 4.0 percent by the end of 2009 and will peak in 2011.

Associated Bank, headquartered in Green Bay, Wisconsin, has successfully implemented Mortgage Cadence Orchestrator, Harmony, and Finale, solutions offered by Mortgage Cadence, Inc., a leading provider of Enterprise Lending Solutions (ELS) for the financial services industry based in Denver, Colorado.

As the number of extremely low income households increases, the number of rental homes that are considered affordable to these households is decreasing.

Ideal Mortgage Bankers (Ideal), doing business as Lend America and Lending Key, lost approval from the Federal Housing Administration (FHA) on Monday after being faulted for poor underwriting and false certifications.