Houston-based Hughes Watters Askanase, L.L.P. (HWA) announced this week that it’s one of six law firms to receive a 2006-2007 Summit Award from Fidelity National Foreclosure Solutions (FNFS), in recognition of its performance in the areas of foreclosure and bankruptcy.

San Diego, California-based Accredited Home Lenders Holding Co. announced this week that Chief Financial Officer John Buchanan will be resigning from the company on August 31. In a filing with the Securities and Exchange Commission, the company said Mr.

It was a strategic announcement that gleefully echoed across the globe on Thursday: Bank of America has agreed to supply lender Countrywide Financial Corp. with a $2 billion equity investment.

More fallout from the troubled subprime market surfaced Thursday when Lehman Brothers announced the closing of its BNC Mortgage LLC subsidiary. While the company will continue to originate mortgages in the United States through its Aurora Loan Services LLC platform, the exit of BNC Mortgage is expected to affect 1,200 employees, working in 23 U.

%(=a) p(=MsoNormal){=MARGIN: 0in 0in 10pt}. After much speculation about the company’s future, San Diego, California-based Accredited Home Lenders Holding Co., a provider of nonprime loans, announced Wednesday that its no longer accepting loans and reducing its staff by 1,600 employees.

Toronto-based Reliant Financial Service Corp., a provider of subprime residential mortgage loans, says troubles in the U.S. subprime market are causing the Canadian lender to reduce the number of loans currently accepted into its portfolio.

Capital One Financial Corp. is closing its wholesale mortgage banking unit, GreenPoint Mortgage, and cutting 1,900 jobs at 31 locations in 19 states, according to a press release issued by the company on Monday.

The number of foreclosures filed in the United States rose again during the month of July, according to a new report from Irvine, California-based RealtyTrac online marketplace for foreclosure properties.

Representatives with the National Community Reinvestment Coalition, a nonprofit that supports the development of communities nationwide, will be attending a regional conference in Davenport, Iowa, to discuss foreclosures and other issues affecting subprime home buyers in the midwest region.

Stewart Information Services Corp., a provider of title insurance and real estate information services, has named Harold C. Hayes senior vice president, region manager for Stewart Title Guaranty Co. and group president for Stewart Title Co.