Cincinnati, Ohio-based eLynx, an arm of American Capital Strategies Ltd., which provides a secure electronic document communications network for those in the financial services industry, announced a strategic partnership with Fresno, California-based MortgageDocs.

As homeowners continue to grapple with adjustable-rate mortgages and skyrocketing monthly payments, The National Association of Mortgage Processors (NAMP) predicts the Federal Housing Administration, or FHA loan, will replace subprime mortgages in the marketplace.

Melville, New York-based lender American Home Mortgage Investment Corp. is one of several companies to experience first quarter losses. The company’s first quarter results show its revenue dropping from $257.

Freddie Mac, one of the nation’s largest government-sponsored enterprises (GSEs), remains committed to helping subprime borrowers out of risky loans and the current credit crunch, said Richard F.

A U.S. representative reintroduced the Predatory Lending Practice Reduction Act of 2007 on Thursday. The well-known act seeks to create regulations requiring all mortgage brokers and agents engaged in subprime to obtain federal certifications.

Tulsa, Oklahoma-based Williams & Willams, a real estate auction company, has hired Jennifer Capron as Supervisor of National Sales. In her new role, Capron will be responsible for managing residential properties for individual sales.

Vero Beach, Florida-based Opteum Financial Services, LLC (OFS), a subsidiary of Opteum Inc., has entered into a definitive agreement to sell a majority of the company’s private-label and agency mortgage servicing portfolio, according to a company press release.

After spending 29 years in the real estate business, REO broker Elaine Simpson with McDaniel & Co. Realtors in Little Rock, Arkansas, did not hesitate when she received a great listing in a well-kept neighborhood.

A foreclosure hotline launched in New York City this week was designed specifically to help distressed borrowers facing foreclosure. The city’s Comptroller William C. Thompson, Jr. announced the hotline’s creation during a press conference on Thursday.

Seattle-based Washington Mutual, Inc.) has launched a new loan product designed to give borrowers more flexibility when choosing or refinancing their home loans. The company’s latest WaMu Mortgage Plus™ product gives buyers the luxury of no closing fees, instant access to equity, and the ability to re-set the interest rate on their mortgages twice a year.