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Author Archives: Rachel Daniels

DAG Members Named to Fannie Mae Attorney List

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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