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Opinion, commentary, and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.

ProVest Partners with Process Server Toolbox

(December 11, 2007) -- ProVest, a national process server management company dedicated to improving the default servicing industry, said that it has partnered with Database Services, Inc., the makers of the popular Process Server's Toolbox (PST) software, to provide an interface that reduces reporting time and data entry for process servers facing record-high foreclosure volumes.
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Fannie Mae Redemption

(November 30, 2007) -- Fannie Mae will redeem principal amounts on four securities, CUSIP numbers: 3136F8HC2, 3136F8AB1, 3136F8AG0, 31359M2N2.
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Moody's Withdraws Novastar's SQ Rating

(November 8, 2007) -- Moody's Investors Service has withdrawn the servicer quality rating of NovaStar Mortgage, Inc. as a primary servicer of subprime loans. This rating action is done at the request of the company.
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Farmer Mac, ABA Renew Alliance

(October 29, 2007) -- The American Bankers Association said this morning that it has renewed what it called a "unique alliance" with the Federal Agricultural Mortgage Corporation, or Farmer Mac.
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