REO

The Federal Housing Finance Agency announced Tuesday that it will expand the Neighborhood Stabilization Initiative to 18 more metro areas across the country to provide REO relief to communities.

LRES, a national REO and appraisal management company offering property valuations, asset management, HOA, and technology solutions for the mortgage industry, recently announced Damon Paxson has been named as its VP of Homeowner Association Services.

Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently welcomed Andrew Pollock as senior managing director of Clayton Consulting Services.

All-cash transactions comprised nearly 31 percent of all single-family residential home sales nationwide in July 2015, marking a decline of more than three full percentage points year-over-year, according to CoreLogic cash sales data released on Friday.

HUD announced Wednesday that it is issuing a proposed rule to protect consumers being harassed in housing. The newly proposed rule would formalize standards to bring about claims under the Fair Housing Act. The rule, also known as "Quid Pro Quo and Hostile Environment Harassment and Liability for Discriminatory Housing Practices under the Fair Housing Act,” was published in the Federal Register today for public comment.

Provider of loan due diligence, surveillance, REO management, valuations, and consulting services to the mortgage and real estate industries, Clayton Holdings LLC, recently announced its newest acquisition: ValuAmerica, Inc., a Pittsburgh-based, national title agency, appraisal management company, and technology provider.

What was once an extremely acrimonious relationship is getting better all the time. According to a panel of experts at the 2015 Five Star Conference and Expo Friday, real estate agents and real estate auction companies are learning that a harmonious collaboration is the best solution for all parties involved.

Ohio-based Safeguard Properties, the largest mortgage field services company in the nation, has announced the appointment of Pat Hoffman as assistant VP of operations.

According to CoreLogic's August 2015 Market Pulse report, the share of total residential home sales in May 2015 that was made up of all cash sales was 31.9 percent, down from 35.1 percent in May 2014.

LRES Corp., a national appraisal and REO management company offering property valuations, asset management, and technology solutions for mortgage bankers, lenders, servicers, credit unions, and private investors, recently announced the hiring of Nick Grant as its new SVP of sales.