As homeowners hold back from selling, home prices are benefiting, according to a report from Redfin, which tracked home prices in 19 U.S. markets. While prices remained flat month-over-month (-0.1 percent) from June to July, Redfin found prices rose 3.2 percent from July 2011 to July 2012. However, the number of homes for sale fell 28.1 percent during the same one-year period and also declined 5 percent from June.

Jackson and Associates, Inc. announced that one of its attorneys was named to the 2012 Super Lawyers list. Scott J. Jackson was honored as a ""Rising Star"" of Southern California on the prestigious list. The annual award goes out to no more than 2.5 percent of attorneys in Southern California who are under 40.

A report from Lender Processing Services (LPS) revealed that in judicial states, the share of aging past due loans is significantly higher than in non-judicial states. In judicial states, nearly 60 percent of borrowers with loans in foreclosure have not made a payment in 2 years, whereas in non-judicial states, that percentage is at about 30 percent. Among those with loans 90 days or more past due, 50 percent of borrowers in judicial states have not made a payment in more than one year, compared to slightly more than 40 percent in non-judicial states.

National Default Exchange (NDeX) named Scott Goldstein as CEO. Goldstein previously served as president and CFO of NDeX and its predecessor company since September 2008.

Weak growth characterized single-family home sales in Connecticut for June, according to a report from The Warren Group. Single-family home sales inched up 0.4 percent after seeing double digits increases in April and May. While the gain in June was small, it was still a move in a positive direction and represents the sixth consecutive month of increases.

Overall, foreclosure activity declined year-over-year and month-over-month, but foreclosure starts told a different story in July, according to RealtyTrac's foreclosure market report. Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, fell 3 percent month-over-month and decreased 10 percent from July 2011. Fewer homes were lost to the foreclosure process as well, with lenders completing the foreclosure process on 53,654 U.S. properties. The figure is a 1 percent decrease from June and a 21 percent decrease from a year ago.

To learn more about the NeighborWorks America Neighborhood Marketing Program, DS News asked Ascala Sisk, Senior Manager for Community Stabilization at NeighborWorks, a few questions about the effort. The new program is one of many initiatives from the nonprofit to rebuild communities.

The Federal Reserve announced Tuesday that it assessed a fine to MetLife for $3.2 million due to the life insurer's ""failure to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations.""

Default Attorney Group (DAG) announced it's launching a Commercial Loan Default Symposium in several cities this fall.

AmeriBid is holding a four-day auction event in Eastern Oklahoma.