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NewDay Financial has another reason to celebrate, announcing that the company's servicing portfolio has ballooned to more than $500 million in government loans. News of the entity's growth within its servicing sector directly follows NewDay's recent honor from the National Coalition for Homeless Veterans, which named NewDay as the recipient of its annual Corporate Partner award.

Risk management and loss mitigation company zIngenuity, Inc., has hired a new vice president of business development, with the recent addition of Bob Voll. Charged with handling all sales and marketing activities, Voll will also work with zIngenuity├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós leadership team as the company prepares new product initiatives.

Shareholders in Municipal Mortgage & Equity, LLC, can now take a look at all proxy paperwork in preparation for the company's annual meeting. Better known as MuniMae, the entity has filed its proxy materials with the U.S. Securities Exchange Commission in advance of the 2011 Annual Meeting of Shareholders, which will take place on November 9. Listed among the OTC's collection of companies, better known as the riskier "Pink Sheets," MuniMae is part of the entity's OTCQB tier.

Homeownership rates remain at depths not seen since the Great Depression, according to new Census Bureau numbers. Market watchers chalk up the lows to tight lending conditions, concerns about the regulatory environment, and fears about a double-dip recession. Releasing Housing Characteristics: 2010 Thursday, the bureau found homeownership rates deflating by some 1.1 percent to 65.1 percent over the last decade ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the biggest decline since between the years 1930 and 1940.

The U.S. economy bucked low expectations Friday with news that it added over 100,000 jobs over September, masking other figures that continued to confirm the rising appeal of rental properties alongside a decline in homeownership. Nonfarm payroll employment tacked on 137,000 new faces in the private sector, alongside 103,000 for the nonfarm jobs payroll overall ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a solid forward step in lieu of pale figures from August, which saw the number of lost jobs eclipsing new ones.

Total Mortgage Services, LLC, is seeking new talent to add to its wholesale residential lending channel, TMS Funding. The company recently announced that it would hire new account executives in more than 21 states and Washington, D.C., as part of its continued expansion.

NewDay Financial has a worthy reason to celebrate, with the announcement that it would receive a Corporate Partners award from the National Coalition for Homeless Veterans (NCHV). The company and its CEO, Rob Posner, is being honored for its strong provisional assistance to veterans in need of housing.

The American Credit Union Mortgage Association (ACUMA) has added a new member, with the incorporation of Equi-Trax Asset Solutions LP. Equi-Trax, a provider of borrower outreach programming and portfolio analytics, was recently accepted into the ACUMA, as part of the organization's continuing efforts to enhance its consumer assistance platforms.

Mortgage rates slammed into a new, record-setting low Thursday, with mortgage giant Freddie Mac reporting that figures for the benchmark 30-year fixed-rate mortgage fell below 4 percent for the first time in history. Finance Web site Bankrate.com noted a similarly record-smashing low for the loan. Making the biggest waves, the GSE found the 30-year loan dropping on average to 3.94 percent nationally, down from 4.01 percent last week and 4.27 percent over the same time last year.

Lender Processing Services Inc. has appointed a new president and CEO, with the hiring of Hugh R. Harris. Harris' role begins immediately, effective October 5, and he will also join the company's board of directors.