With demand soaring for default servicing support, process servicer management provider ProVest has opened an office in Indianapolis, Indiana. The new location will offer clients courier services between law firm partners and the courts, as well as services that can assist law firms, servicers and homeowners throughout the default process.

Virginia Governor Timothy Kaine and the Foreclosure Prevention Task Force have found an ally in Freddie Mac, which has agreed to help the Virginia Foreclosure Prevention Task Force offer complimentary mortgage clinics to homeowners in the East Coast state.

John Reich, director of the Office of Thrift Supervision, said while speaking in front of the New Jersey League of Community Bankers late last week that his agency is well-suited to serve as the main regulator of the mortgage industry to ensure compliance on a federal and state level.

First American CoreLogic, a part of The First American Corp. family of companies, released its March 2008 LoanPerformance Home Price Index (HPI) on Monday, which indicates that two-thirds of all states have experienced a year-over-year drop in real estate values.

CampusMBA, a division of the Mortgage Bankers Association (MBA) that furnishes the mortgage industry with up-to-date and relevant educational opportunities, said Monday that its new loss mitigation training program has another client in Republic Mortgage Insurance Co.

If you were to ask Karey Brown with Re/Max Associates in Topeka, Kansas, how to describe the process of dealing with REO properties, she would tell you to remember that It takes all kinds in her line of work.

A sweeping subprime lending reform bill that requires lenders to qualify borrowers for their ability to pay over the life of a loan, rather than at teaser rates, passed the California State Assembly this week.

%{=FONT-SIZE: 8.5pt}Kansas City, Missouri-based law firm Martin, Leigh, Laws & Fritzlen, P.C., announced the appointment of four new attorneys this week. The firm, which represents creditors and focuses on bankruptcy and foreclosures, recently hired attorneys James Fletcher, Jr.

Minnesota Governor Tim Pawlenty vetoed a bill this week that would have granted eligible homeowners a one-year deferral on any home foreclosure in which the borrower could show a lender failed to produce good-faith negotiations to save a home.

The HOPE NOW Alliance national coalition of mortgage servicers, counselors and mortgage industry experts working to aid struggling homeowners—said Friday that in April alone, the agency assisted 183,000 homeowners through effective loan workout solutions.