Kansas City, Missouri-based NovaStar Financial Inc., a finance company that serves the nonprime lending market, reported significant losses for the year 2006. A press release issued by the company Monday shows NovaStar’s year-end profits dropping from $132.

The board of Fannie Mae is withholding $44 million in executive bonuses that were slated to benefit 46 former and current Fannie Mae employees.The company’s decision was based on a review by Fannie Mae’s Board, which concluded that executives serving between the years 2001 and 2004 did not meet the prescribed performance standards to qualify for their Performance Share Plan (PSP) bonuses.

The Center for Responsible Lending (CRL) has issued a report defending the organization’s latest research on the subject of predatory lending and foreclosures in the subprime market. The CRL report was designed specifically to address questions raised by the Mortgage Bankers Association (MBA).

Irvine, California-based RealtyTrac, a leading online marketplace for foreclosure properties and data, has partnered with real estate auctioneer Williams & Williams to host a national database of bank-owned properties online.

San Francisco-based First American LoanPerformance, a subsidiary of The First American Corp., is providing lenders with more comprehensive analytics data through the launch of PreTell 1.2  — an advanced version of the company’s PreTell Prepayment Scoring System.

New York-based American Mortgage Acceptance Co.) says it has revised the company’s adjustable funds from operations (or AFFO) per share guidance for 2006 because of write downs of $12 million in principal and the reversal of $908,000 in accrued interest relating to three non-performing mezzanine loans in the company’s portfolio.

ForeclosureS.com, an online provider of comprehensive U.S. foreclosure data, recently released a series of foreclosure data reports for every U.S. region. Based on the latest reports, the Southwest region led the nation in foreclosure filings last year with one out of every 2.

McLean, Virginia-based Freddie Mac , a government-sponsored enterprise that focuses on providing homeownership and rental housing, has released its Primary Mortgage Market Survey (PPMS), which shows the 30-year fixed-rate mortgage (FRM) averaged 6.

It’s not a question that real estate professionals, default services, or buyers like to ask aloud, but, irregardless, it’s hard not to wonder if there’s an upside to foreclosuresx According to recent RealtyTrac data, the answer is ‘yes’ — depending on your circumstances.

Poway, California-based eAppraise%{=font-style: italic;}IT%, a provider of real estate valuation products and services, has hired David Tiberio to serve as the company’s valuation consultant for the default sector.