According to information released today from MORTECH LLC, a company that has provided research on lender attitudes and behavior and their use of technology for the last twenty years, early returns to the MORTECH 2008 survey show lenders overwhelmingly agree that the federal government had good reason to intervene in the operations of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac when it stepped in and took conservatorship of the two companies on September 7 of this year.

Golson Law Firm and Felberbaum Law Group LLC have announced the formation of Golson Felberbaum PLLC. The firms said the union positions them to take mortgage default loss mitigation and foreclosure in a new direction in a new era, with new vision.

There is some positive news regarding the weakened housing market, Rainbow City, Alabama-based RealtyBid.com reports. The good news is that there are still thousands of buyers with a large appetite for appropriately priced homes, and the growing success of RealtyBid.

Democratic candidate Barack Obama was elected by the American people to serve as the nation’s 44th President in a historic election of deep-rooted significance last night. What does this new face in the White House mean for our industry and what are his plans for the depressed housing marketx Already at work, the President-elect is proposing a new overarching economic stimulus package that experts are estimating could cost $190 billion.

American Processing Company’s CEO David Trott recently announced that Scott Z. Goldstein has been named the company’s president. Goldstein previously served as the CFO of American Processing Company.

Parsippany, New Jersey-based RedVision, a national provider of property research solutions, recently announced that it has promoted Craig Muldoon to VP of market development and hired Pete Cougan, a certified Project Management Professional (PMP), as director of project management.

The future of Residential Capital LLC (ResCap), the real-estate financing arm of GMAC Financial Services, may be in jeopardy after the division posted a $1.9 billion dollar third quarter loss, GMAC said on Wednesday.

Zaio Corp, a Canadian-based provider of real estate data, announced last week that it has shut down its U.S. subsidiary Zaio Inc, which is headquartered in Scottsdale, Arizona. The company has laid off all of the unit’s employees, and will sell Zaio Inc’s assets and arrange payments to its creditors through a third party, the parent company said.

Borrowers who took out mortgages in the first half of 2008 showed a strong preference for fixed rate mortgage products due to a decrease in fixed mortgage rates and the continued tightening of lending standards, according to the Mortgage Bankers Association’s (MBA’s) Mortgage Originations Survey released today.

The number of vacant residential properties for sale inched up to 2.23 million units in the third quarter of 2008 from 2.1 million units in the second quarter, according to a Census Bureau report released last week.