PriceMyLoan (PML) has recently been selected by two California mortgage lenders to provide automated underwriting and loan pricing technology. Ontario-based Drexel Lending Group and Rancho Cucamonga-based MSM Lender have signed on to implement the PML system.

A critical package of services to help credit unions manage their mortgage business in today's distressed credit markets will remain available through the renewed alliance agreement between CUNA and Freddie Mac (NYSE: FRE), one of the nation's largest investors in residential mortgages.

Zaio, Inc. the U.S. Subsidiary of Zaio Corporation (TSX-V: ZAO), announces a new customer relationship with a national online mortgage broker to supply a variety of appraisal related services.

A leader in the development of the new Mortgage Servicer Guidelines issued today by the HOPE NOW Alliance, Wells Fargo believes transcending consistent best practices across all servicers will improve efforts to help borrowers with home retention solutions.

Fannie Mae, the nation's largest purchaser of mortgages in the secondary market, is using FNC systems to mitigate risk and streamline its appraisal-related processes, FNC officials announced today.

Mortgage Guaranty Insurance Corporation (MGIC) now offers a fully integrated, MISMO based, MI Request & Response interface for ordering MGIC mortgage insurance (MI) to mortgage lenders that are using LoanQuest from MortgageFlex Systems, a provider of innovative software solutions for the mortgage industry.

Even as the housing slump sees home owners defaulting in record numbers and mortgage lenders writing off billions of dollars of bad loans, others are seeking the silver lining. Home prices are falling, and many consumers are betting that now may be the time to buy. These would-be home owners are finding, however, that buying their dream home might not be as easy as it was before the housing bust.

More than 14,000 mortgage industry job losses were tracked during the first quarter of this year by www.MortgageDaily.com . California continues to bear the brunt of the layoffs.

We have seen the real estate mortgage crisis, foreclosures. Now we see the need for the home sellers to come back to reality and offer their houses according to today's value. We also see the home prices falling daily and wonder is this coming close to end? Probably not, since according to some experts the home equity loans may be the next bubble in the real estate industry ready to burst.

U.S. Attorney McGregor W. Scott; FBI Special Agent in Charge Drew Parenti; and Internal Revenue Service Criminal Investigation Special Agent in Charge Scott O'Briant announced today the indictment of 19 individuals for mortgage fraud-related offenses under Operation Homewrecker.

Former American Home Mortgage executives Frank Catalano and Debra Klosterman have entered into a divisional partnership with Salt Lake City-based Primary Residential Mortgage, Inc. (PRMI).

MFA Mortgage Investments, Inc. (NYSE: MFA) announced today an adjustment in its balance sheet strategy. While we have consistently maintained an assets-to-equity multiple of approximately 9x-10x (or a debt-to-equity multiple of approximately 8x-9x), we have determined that in this period of financial industry stress the proper strategy is to generally lower our target debt-to-equity multiple to 7x-9x.