The government-controlled mortgage financiers Fannie Mae and Freddie Mac have both notified the New York Stock Exchange (NYSE) that they intend to bring the share price of their common stock up to NYSE’s requirement for continued listing, possibly through a reverse stock split.

Integrated Mortgage Solutions (IMS), a collateral protection resource for the mortgage servicing industry, announced today the launch of Asset Disposition and Management Services (ADAM), a special division to handle the company’s suite of loss mitigation services.

Federal Housing Finance Agency (FHFA) Director James B. Lockhart submitted the agency’s first report to Congress yesterday detailing actions FHFA and the government-sponsored enterprises (GSEs) are taking to prevent unnecessary foreclosures.

Pittsburgh-based iMortgage Services LLC, an independent national provider of collateral valuation and settlement services for the residential mortgage industry, today announced it has been selected as a preferred national appraisal vendor for Flagstar Bank.

According to University Financial Associates LLC (UFA) in Ann Arbor, Michigan, we can expect defaults on non-prime mortgage loans to be 48 percent higher than they were in the last decade. Each quarter UFA evaluates economic conditions in the United States and assesses how these conditions will impact future defaults, prepayments, loss recoveries, and loan values for non-prime loans, and it measures the risk of default on newly originated non-prime mortgages.

Investors of securities backed by Countrywide: mortgages filed a lawsuit against the lender on Monday, alleging that Countrywide has no right to modify under-performing loans that were packaged and sold as securities.

Reported incidents of mortgage fraud in the United States increased by an annual rate of 45 percent during the second quarter of 2008 – on fewer loan applications – according to a new report released today by the Mortgage Asset Research Institute (MARI).

The national law firm McGlinchey Stafford PLLC has unveiled a solution it says will make mortgage loan modifications efficient and seamless for financial institutions facing the prospect of large-scale processing demands.

A federal court in Chicago recently approved a settlement agreement between the National Association of Realtors and the U.S. Department of Justice, ending antitrust charges against the association and its members filed by the federal government more than three years ago.

Earlier today, Florida Governor Charlie Crist and state representatives of the banking and mortgage lending industry announced a voluntary agreement to provide foreclosure relief to Florida homeowners for the next 45 days.