Auction.com announced that founding partner and board member Monte Koch will take on additional responsibilities as the company's co-CEO. Koch is a long-time member of the Auction.com team, guiding the company in a non-executive capacity since it was created.

Missouri saw its first bank casualty of 2012 Friday as FDIC announced that Glasgow Savings Bank of Glasgow, Missouri, was closed down by the state's finance division.

Delaware attorney general Beau Biden announced Friday that the state has reached an agreement with Mortgage Electronic Registration Systems, Inc., (MERS) about implementing reforms. Biden filed suit against MERS last year after hearing from homeowners in the state who were ""unable to have meaningful conversations about saving their home"" and who could not find out who owned their mortgage.

Real estate broker Redfin released the June results of its Real-Time Home Price Tracker showing home price increases in nearly all 19 major U.S. markets. The tracker showed an average year-over-year price gain of 3 percent across all major markets and a monthly gain of 2.6 percent. Sales volumes also rose year-over-year (a 7.4 percent increase) but fell 1.1 percent month-over-month. Overall inventory levels declined, falling 25.3 percent from June 2011 and 2.4 percent from May this year.

Software provider TAZA Systems announced that it is offering a sophisticated software system to track and manage Other Real Estate Owned (OREO) cycles and provide necessary tools for portfolio management.

Top executives and favored borrowers faced indictment by a federal grand jury on Wednesday for their role in a massive fraud that led to the biggest Virginia bank collapse since 2008. According to a release on Thursday from SIGTARP, the accused are charged with masking non-performing assets at the Bank of the Commonwealth in Norfolk, Virginia.

ForeclosureRadar issued its Foreclosure Report for June on Wednesday, revealing that foreclosure sales fell significantly in the three largest foreclosure states in the company's coverage area. According to the report, foreclosure sales in California were down 13.4 percent over May and 48.8 percent over June 2011. Arizona and Nevada also saw a downturn in sales, showing month-over-month decreases of 18.5 percent and 14.6 percent, respectively. Year-over-year, Arizona's foreclosure sales were down 42.1 percent, while Nevada's sales fell 72.1 percent.

Long & Foster Real Estate, Inc., announced Thursday that one of its own earned Realtor Emeritus status from the National Association of Realtors.

Scam Detector Inc., developer of a fraud prevention app that shares the company's name, announced Thursday the launch of its app for the Android platform.

Equator announced Wednesday that the company appointed Mira Wolff as VP of human resources and administration.