Alabama lawsuits challenge electronic mortgage system
MERS makes it difficult to track property title ownership and allows it to avoid paying county record fees, according to lawsuits filed by two Alabama counties in recent months seeking recovery of back fees and other remedies.
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Outgoing Fannie Mae CEO Doesn't Support Principal Write-Downs
Fannie Mae's chief executive said in an interview Wednesday that he doesn't think the company should participate in programs to write down principal for homeowners who owe more than their homes are worth.
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Fannie Mae Books Profit, Doesn't Need More Taxpayer Dollars For Now
Government-backed mortgage finance firm Fannie Mae managed to turn a profit in the first quarter, one that was large enough to cover the dividends it must pay to the government in return for being kept afloat with taxpayer dollars.
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HUD Secretary Wants to Break Through Refinancing Barriers
HUD Secretary Shaun Donovan calling for lower loan-to-value thresholds and more servicer competition to expand refinance opportunities.
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Cape County (MO) approves contract for electronic processing in recorder's office
The Cape Girardeau County Commission approved Monday a contract with an electronic document processing company toward further using digital technology in the recorder's office.
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