Mortgage default rates rose in 2006-7, leading to ongoing foreclosures. In early 2008, Bank of America acquired mortgage giant Countrywide Financial Corporation, whose predatory lending practices drew outrage in the housing bubble. While certainly not the only lending institution to suffer scrutiny or ill-repute, many blame them publicly for the ensuing economic crisis.

The historic bailout of Fannie and Freddie by the US Treasury turned out to be only one story in a very interesting and volatile trading day yesterday. The repercussions of the Treasury's action will be weighed for some time, however, the tightening of mortgage bond spreads seems to be the most positive immediate benefit of the plan.

REOMAC®, the premier not-for-profit trade association serving the mortgage default industry nationwide, is hosting an educational dinner meeting in Washington D.C.

Carlyle Capital Lenders Are Likely To Take Possession of Remaining Assets of The Company.

Computer Sciences Corporation today announced that LOGS Network, a national group of commonly owned and centrally managed law firms and trustee companies providing real-estate-related legal and title services, has chosen CSC’s EarlyResolution mortgage default software-as-a-service solution for its recently launched home retention assistance business.

The stock market might be nervous now due to the subprime loan mess, but Stuart Greenbaum, former dean of the Olin School of Business at Washington University in St. Louis, is bullish on the situation.

Capital One not only closed GreenPoint Mortgage but also revised 2007 EPS guidance down by $2.15 per share; expects 2007 EPS of approximately $5.00 per share. GreenPoint Mortgage will not make new loan commitments.

Computer Sciences Corporation announced that it has added significant new loss mitigation capabilities to its EarlyResolution mortgage default software-as-a-service solution. The new features increase mortgage servicers’ ability to facilitate workouts that minimize investor credit losses and help borrowers keep their homes.