In its 8-K filing to the Securities Exchange Commission last Friday, Fannie Mae announced that Kenneth Duberstein has resigned from its board of directors, effective February 15.   A brief statement in the filing said that the GSE and Duberstein felt it was best that he stay on the board until the company’s restatement and the filing of its 2004 Annual Report on Form 10-K, both of which are now complete.

PMI Mortgage Insurance Co. announced today the promotion of two senior vice presidents. Stanley M. Pachura will serve as senior vice president of corporate systems, and Charles J. Starkovich will assume the role of senior vice president of systems development and enterprise architecture.

IndyMac Bancorp, Inc., announced yesterday that its earnings per share (EPS) for the fourth quarter fell short of expecations. IndyMac anticipated a fourth quarter EPS of $1.35, but last week, the company learned that it will be closer to $0.

The Texas Association of Realtors announced yesterday its agenda for the 80th legislative session. Agenda issues most salient to Realtors include appraisal reform, additional school property-tax relief, mortgage finance, and cities’ use of eminent domain.

NeighborWorks America announced today that Michael Forster will serves chief financial officer, a new position for the company. Michael brings tremendous financial accounting, planning, and controls background to this new position, said Ken Wade, chief executive officer of NeighborWorks.

Infinity Lien Solutions, LLC, a national provider of products and services aimed at the subordinate and second lien market, announced the opening of an additional office in Plano, Texas. This location will offer a wide range of solutions to mortgage servicers, some of which include requests for special notice filings, senior lien identification, senior lien default updates, foreclosure services, and other services targed to effectively manage a subordinate/second lien portfolio.

Wells Fargo Home Mortgage and the Hispanic National Mortgage Association (HNMA) announced that they have formed a joint venture to assist Hispanic and non-traditional customers who are seeking home mortgage loans.

Pennsylvania’s Department of Banking announced new guidelines that determine what is and is not acceptable conduct for the 3,000 lenders and brokers within the state. The new policy comes in response to the department’s initiative to protect consumers who are attempting to obtain home loans.

Pro-Teck Services announced that they have hired Joseph Palumbo as chief quality officer. In the new role, Palumbo will have oversight of product quality, certification and training programs, auditing and compliance, and managing national fee panel and quality staff.

Operation HOPE (HOPE) hosted its first annual CRA Officer Luncheon in December. At the event, Community Reinvestment (CRA) and Compliance Officers were recognized for their leadership, innovation, and dedication to the promotion of community reinvestment.