TransUnion, a global credit and information management company, released the results of its analysis of trends in the mortgage industry for the third quarter of 2008 on Monday. According to the company, mortgage loan delinquency (ratio of borrowers 60 or more days past due) increased for the seventh straight quarter, hitting a national average high of 3.

Last week, the Securities and Exchange Commission (SEC) approved its final rules for credit rating agency reform. The commission is calling for changes to the practices of credit ratings agencies because it says agencies’ ratings of securities that were backed by subprime mortgage loans contributed to the recent turmoil in the credit markets.

MDA Lending Solutions, a provider of information solutions to the real estate lending industry, announced today that it has moved all production systems and supporting operations centers to the company’s SAS 70-certified data center in Chicago.

Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage industry, today announced that its SoftPro division has won a Stevie Award for Best Overall Company of the Year at the 2008 Stevie Awards for Women in Business.

Two default industry attorneys have collaborated to form a new company, Re-Sign Nation Document Services LLC (RNDS), a loss avoidance and claims prevention outsourcer. RNDS is a partnership between C. Lance Margolin, managing partner in the New York law firm of Pitnick & Margolin LLP, and Jaime Kosofsky, partner in the North Carolina law firm of Brady & Kosofsky P.

Placer Title Company, with more than 60 branches throughout California has launched Placer Closing Services, its new REO closing division located in Fresno. Bobby Majors has been named VP and appointed to run the new division.

The law firm of Susman Godfrey, a litigation powerhouse of 82 trial attorneys with offices in Houston, Dallas, Los Angeles, Seattle, and New York, argues that a by-product of the national credit crunch is that banks are cutting the collateral cord and often pulling the rug out from under collaborative partners.

Federal Reserve Chairman Ben Bernanke made a public plea to the federal government on Thursday to take a more aggressive stance in the fight against foreclosure and consider government-funded programs to provide assistance for struggling homeowners.

A record 1.35 million homes were in foreclosure in the third quarter, according to a Mortgage Bankers Association (MBA) study released today. The association’s National Delinquency Survey puts the U.

ProVest LLC, a national process server management company for the default servicing industry, yesterday announced that Karen M. Kelly joined the company as General Counsel and Chief Compliance Officer.