The Federal Housing Finance Agency (FHFA) submitted its fourth quarter report to Congress this week detailing actions the GSEs have taken to prevent unnecessary foreclosures. The report shows a 76 percent increase in loan modifications by Fannie Mae and Freddie Mac from the third to fourth quarters of 2008.
Read More »Bernanke: Recession May End This Year
In a rare television interview with CBS’ 60 Minutes:http://www.cbsnews.com/sections/60minutes/main3415.shtml this weekend, Federal Reserve Chairman Ben Bernanke told the American public that the U.
Read More »LPS' RealEC Surpasses 42M Orders, Announces HVCC-Compliance
Santa Ana, California’s RealEC Technologies Inc., a provider of collaborative mortgage network solutions that is majority-owned by Lender Processing Services, today announced that it has surpassed a milestone of more than 42 million real estate orders processed through its network, since the company was founded in 1998.
Read More »Wingspan Appoints Key Management
Wingspan Portfolio Advisors, LLC, a Dallas-based mortgage servicer specializing in severely delinquent loans, has announced the appointment of two mortgage servicing executives to key management positions.
Read More »SigniaDocs Offers eNotarization, Identity Fraud Protection for Mortgages
Two Texas companies, SigniaDocs, a provider of electronic mortgage services, and World Wide Notary, a provider of electronic notarization, announced on Monday that they have integrated their platforms to support eSignatures and eNotarizations for any mortgage document or document set.
Read More »Name Change at Ohio's Reimer, Lorber & Arnovitz
The Twinsburg, Ohio-based law firm of Reimer, Lorber & Arnovitz Co., L.P.A. has changed its name to Reimer, Arnovitz, Chernek & Jeffrey Co., L.P.A., effective March 1, 2009. The firm said in a press statement, The change is simply a name change and no other changes have taken place.
Read More »Int'l Partnership to Provide MBS Risk and Diligence Services
Los Angeles’ LMP Financial Group and UnderwritersTrust Transaction & Risk Management LLP in London recently announced an agreement to co-market risk management, due diligence, and underwriting advisory services for commercial real estate and mortgage-backed vehicles.
Read More »Mortgage Fraud Reaches All-Time High
The Mortgage Asset Research Institute (MARI), a LexisNexis service, released a new report at the Mortgage Bankers Association’s (MBA’s) National Fraud Issues Conference in Las Vegas on Monday.
Read More »HUD Delays RESPA's "Required Use" Rule
The U.S. Department of Housing and Urban Development (HUD) said it will delay the planned implementation of the Real Estate Settlement Procedures Act (RESPA) required use:http://www.hud.gov/news/requireduserule.
Read More »Golden State Foreclosures Still Rising
ForeclosureRadar, which tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for February 2009 on Thursday. The company said that Notices of Default have increased 21.
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