Houston, Texas-based Integrated Mortgage Solutions (IMS), a company that serves as a collateral protection resource for the mortgage banking industry, has named Gene Baker vice president, loss mitigation.

Former Federal Reserve Chairman Dr. Alan Greenspan told the Financial Times this week that Americans should expect home prices to fall from their present levels. Meanwhile, in a Reuters news article, the former Federal Reserve Chairman added that he expects the American economy to weather the storm without a recession.

As federal regulators and the mortgage industry grapple with how best to handle the subprime market and predatory lenders, one bankers association is opposing certain measures designed by a task force to help borrowers after finding the measures excessive and potentially hurtful to future homeownership and the industry.

With more adjustable-rate mortgages scheduled to reset in the state of Michigan, the Michigan Mortgage Lenders Association (MMLA) is positioning itself as a hub of knowledge for borrowers at-risk of losing their homes.

Discovery Bay, California-based Foreclosure Radar, a provider of distressed property data for the West Coast state, says 9,477 properties, valued at $3.86 billion, were sold at auction in August—a 10.

The legal obligations required of servicers handling Chapter 7, 12, and 13 bankruptcy cases in Kansas recently increased because of a new standing order issued by bankruptcy judges in the Midwestern state.

Nebraska Attorney General Jon Bruning and the Nebraska Department of Banking filed a lawsuit against Omaha-based Advantage Mortgage Servicing Inc. this week, accusing the company of participating in predatory lending practices.

USFN, a national nonprofit made up of attorneys, trustee companies, and associates working in default servicing, has released a new publication titled the Foreclosure Timelines Matrix—a resource that explains all of the foreclosure steps taken each of the 50 states and the District of Columbia.

McLean, Virginia-based Freddie Mac of the nation’s largest government-sponsored enterprises—released a report Thursday, showing a significant drop in mortgage rates for the most current week.

Wilson & Associates, a law firm that represents clients in the real estate and mortgage banking industry, has hired Camille Edmison-Wilhelmi as an attorney in its Little Rock, Arkansas office. Edmison-Wilhelmi, who serves in the Asset Recovery Department, is a graduate of the University of Arkansas, Fayetteville and the University of Arkansas at Little Rock School of Law (J.