Nationstar Mortgage revealed an agreement to acquire Greenlight Financial Services for up to $75 million in cash. The Lewisville-Texas based servicer made the announcement in its first quarter earnings report Tuesday.

Rubin Lublin, LLC, a law firm that offers cradle to grave mortgage default services, added a new partner after expanding its operations into Alabama. The firm also has locations in Georgia, Tennessee, and Mississippi.

Micoley.com, a real estate marketing firm based in Green Bay, Wisconsin, announced its May 18 online real estate auction features over 40 properties. The event includes both single and multifamily residences, as well as commercial, mixed-use, and vacant, undeveloped land throughout Wisconsin, Illinois, Minnesota, and Georgia.

After being developed and tested over the past three years, Fannie Mae announced the broad release of a tool that helps to streamline foreclosure prevention efforts. Leslie Peeler, SVP of Fannie Mae's national servicing organization, explained that while adoption of the tool is voluntary for servicers, it will be required at some point in the near future.

Long & Foster Real Estate, Inc. grew its presence in Delaware market after merging with Delaware Realty, a company located in Lewes that specializes in residential and commercial real estate for southern Delaware's Sussex County.

Refinances through the government's Home Affordable Refinance Program (HARP) remained strong as mortgage rates stayed near record-low levels, according to the Federal Housing Finance Agency's (FHFA) most recent refinance report. In February, 97,738 Fannie Mae and Freddie Mac loans were refinanced under the program, bringing the total to 2.3 million since HARP's April 2009 inception. Underwater borrowers also continued to represent a large share total HARP refinance volume. Year-to-date through February, borrowers with LTVs beyond 105 percent accounted for nearly half of all HARP refinances.

Year-over-year home price gains in March landed in double-digit territory, according to CoreLogic's Home Price Index (HPI) report. Home prices-when including distressed sales--rose by 10.5 percent in March compared to the year before, marking the biggest annual gain since March 2006, the data provider reported. CoreLogic's pending HPI projects prices in April will show a 9.6 percent annual gain and rise by 1.3 percent month-over-month.

Seven people based in Wichita, Kansas were charged for their alleged roles in a mortgage fraud scheme that involved the use of straw buyers and sellers, as well as false loan applications and documents submitted to lenders, U.S. Attorney Garry Grissom announced.

New York Attorney General Eric T. Schneiderman revealed plans Monday to take legal action against Bank of America and Wells Fargo for allegedly violating terms under the national mortgage settlement reached in February 2012. Schneiderman's office is accusing the banks of 339 servicing violations related to the timeline for processing mortgage modifications. ""Attorney General Schneiderman has referenced 129 customer servicing problems which we take seriously and will work quickly to address,"" a BofA spokesperson stated in an email.

National Asset Direct, Inc. (NAD) and the iServe Companies announced the appointment of Sean Galaise as director of business development. Galaise was selected for the role to drive new growth and develop strategic partnerships for the iServe Companies.