NewOak Capital announces the appointment of Jay Lown as managing director and senior member of the financial institutions group. He will be responsible for coordinating all activities relating to the U.S. government-related mortgage lending programs through Fannie Mae, Freddie Mac, and the FHA, as well as developing mortgage advisory solutions and focusing on the bank advisory and recapitalization at NewOak Capital.Read more

LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, has announced that it has performed at least one of its services on more than 600,000 loans under the Home Affordable Modification Program (HAMP) campaign. In turn, the company has put approximately 200,000 borrowers in trial plans to date. HAMP is part of the federally mandated Making Home Affordable program, which touts allowing up to nine million Americans to refinance or modify their home loans.Read more

Actions to keep Americans in their homes grew by almost 22 percent during the second quarter of 2009, according to a report released today by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS). The latest OCC and OTS Mortgage Metrics Report showed that difficult economic conditions resulted in higher rates of mortgage delinquencies and foreclosures in process, which increased to 8.5 percent and 2.9 percent of all serviced mortgages, respectively, but as the Administration’s “Making Home Affordable” program got underway Read more