The Default Attorney Group (DAG), announced that six of its members have been selected as part of Fannie Mae’s Retained Attorney Network. As DSNews.com reported earlier, the revised attorney list was compiled following a stringent application and evaluation process, and became effective, October 1.
Read More »National Default Servicing Names New VP
National Default Servicing LLC has promoted Ty Reed to the position of VP of client management. In this position Reed, who is based out of NDS’ San Diego office, manages multiple accounts including Wilshire, Fannie Mae, and GMAC.
Read More »Safeguard Properties Connects Homeowners with Counseling Agencies
Safeguard Properties, a privately held field services company located in Cleveland, Ohio, announced that they have added an additional contact number to the door hanger’ notices they place on the doors of delinquent borrowers on the 45th day of delinquency and continuing monthly through the delinquency and foreclosure process.
Read More »MBA Applauds FAS 157 Clarification
The Mortgage Bankers Association recently applauded the Securities and Exchange Commission and the Financial Accounting Standards Board for permitting the use of discounted cash flow fair value measurements under FAS 157 when no active market for a security exists.
Read More »LandAmerica Continues Rebranding Efforts
LandAmerica Financial Group Inc., a leading provider of real estate transaction services, announced last week that in a move to transform its collection of independent business into an integrated and unified operating company, United Title Company will now do business as LandAmerica Title Company.
Read More »Mavent Inc. Expands Client List
California-based Mavent Inc., a leading provider of automated regulatory compliance solutions to the mortgage industry, recently announced that StoneWater Mortgage Corp., a national mortgage banker, will begin implementing Mavent technology to help them insure that their loans comply with all loan regulations.
Read More »CMPS Institute Outlines How To Benefit from Wall Street Crisis
While it may seem that only bad news is coming out of the financial sector these days, according to the CMPS Institute, a training, examination, and certification program for financial professionals, consumers can actually find ways to benefit from the crisis on Wall Street.
Read More »HUD Focuses Attention on Troubled Neighborhoods
In a press release issued late last week, U.S. Housing and Urban Development Secretary Steve Preston announced the creation of HUD’s new Neighborhood Stabilization Program (NSP), which will provide targeted emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.
Read More »New Mortgagee Letter Aims to Crack Down on Default Scheme
A recent mortgagee letter released by the US department of Housing and Urban Development (HUD) to crack down on a practice termed buy and bail, which the Federal Housing Administration has observed as a rising problem.
Read More »The Mortgage Asset Research Institute Launches Enhanced Mortgage Fraud Tool
The Mortgage Asset Research Institute, a ChoicePoint company, announced the release of the MARI Loan Fraud Alter Service Pro (LFAS Pro). According to a company press release, this mortgage tool is designed to assist lenders in discovering fraudulent loan applications prior to funding through a combination of comparative loan application analysis and Identity Risk Management tools.
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