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Email not displaying correctly? View it in your browser. 2009 has been one of the most significant years in the default servicing industry to date. DS News would like to look back on the year that was, and the Technology-related stories that were most read and left the biggest impact on viewers. BofA Implements Equator (REOTrans) Platform, as Short Sales Gain Ground California-based Equator (formerly known as REOTrans) says it has launched the industry's first-ever short sale module for a large national lender. Although Equator declined to name the lender, the San Francisco Chronicle has reported that Bank of America is the company in question. MERS' Role as Mortgagee Challenged in Kansas Court Ruling The Mortgage Electronic Registration Service (MERS), which was set up to facilitate the quick transfer of mortgages between lenders and the inclusion of the loans in mortgage-backed securities, may not hold water legally in foreclosure proceedings - as confirmed by a Kansas Supreme Court ruling earlier this month. Chicago Lawyer Seeking Class Actions over HELOCs Against Wells Fargo, Chase, Others Wells Fargo, JPMorgan Chase, and other major banks are fraudulently closing down home equity lines of credit (HELOCs), Chicago attorney Jay Edelson is alleging on behalf of a number of clients. Edelson has embarked on a crusade against the banks for suspending HELOCs when a computer program tells them - falsely, he claims - that a borrower's house has declined in value. Is Your Home on the Tube? Marketing of listings and properties isn't easy. Sure, you can use virtual tours, printed brochures, and the stand-by mailers. Still, there is one important factor missing: the power of video. LAMCO Announces Formal Launch of its REO Liquidation System Lenders Asset Management Corporation (LAMCO) has announced the formalization of its system to manage and liquidate REO properties. The company has been developing and evolving the system since its inception 20 years ago, and says the process has enabled it to turn REO properties around in half the time of the industry standard. You are receving this email because you opted in at our website dsnews.com or attended a Five Star Conference. Unsubscribe roballey.434-974-5586@blogger.com from this list. Corporate Office: DS News 1909 Woodall Rodgers Suite 300 Dallas, TX 75201 Add us to your address book Washington Bureau: 1101 Pennsylvania Avenue NW Suite 600 Washington, D.C. 20004 Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE