Santa Ana, California-based RealEC Technologies Inc., a provider of collaborative network solutions to the mortgage industry, recently announced surpassing a corporate milestone of more than 42 million real estate orders processed through its network, since the company was founded in 1998.

Lenders One Mortgage Cooperative, a national alliance of mortgage bankers headquartered in St. Louis, Missouri, has entered into an agreement with Fort Worth, Texas-based Rapid Reporting, a provider of pre-funding income and identity verification products that help the mortgage industry combat fraud.

The courts of Jefferson County, Kentucky – which includes the city of Louisville – have initiated a pilot foreclosure mediation program for owner-occupied residential properties. The program will impact all servicers handling defaulted accounts in Jefferson County, and if the program is considered successful, it may be adopted by other Kentucky counties.

Statistics show that more homeowners are falling behind on their mortgage payments as the economy tightens, and that even applies to the higher-quality, less-risky home loans owned by GSEs Fannie Mae and Freddie Mac.

The Mortgage Bankers Association (MBA) has released its Mortgage Applications Survey for the week ending April 3, 2009, which shows that loan activity is picking up as potential home buyers take advantage of falling home prices and increasing affordability.

Federal regulators met this week to decide how to interpret and apply the results of the government’s bank stress tests, but said they will delay the release of their analysis until after the banks’ first-quarter earnings are issued so as not to confuse market reaction.

Cary, North Carolina-based Local Market Monitor, a real estate forecasting solution that helps investors in homes and home mortgages determine local market risk, has released its latest home price forecast.

Last week, the Financial Accounting Standards Board (FASB) approved new, relaxed guidelines for mark-to-market accounting rules – a method of assigning values to financial instruments, such as mortgage-backed securities, based on the current fair market price for similar instruments.

Many lenders who sell their loans to Fannie Mae and Freddie Mac are hesitant to outsource the appraisal process to Appraisal Management Companies (AMCs), especially with the GSEs’ strict new Home Valuation Code of Conduct (HVCC) requirements set to take effect May 1st.

WSFS Financial Corporation, the parent company of Wilmington Savings Fund Society FSB (WSFS Bank), has been ranked as the No. 1 reverse mortgage lender in the state of Delaware according to data published by the U.