To repair, or not to repair. That was the question posed to a number of panelists Thursday morning at the Five Star Conference and Expo. The panel featured a discussion between GSE and field asset representatives as they tried to help brokers and servicers tackle a common issue: Whether or not it's worth the investment to repair a home not in showcase condition.

IndiSoft announced Wednesday that HomeFree-USA has selected the company's RxOffice Premium Counselor Edition as the case management system for HomeFree's counselors.

The number of homeowners who received permanent, affordable proprietary loan modifications jumped up 43 percent from June to July, HOPE NOW reported Wednesday. The voluntary, private sector alliance of mortgage professionals and non-profit counselors released its July 2012 loan modification data, revealing that an estimated 66,002 homeowners received proprietary loan modifications in July, an increase from 46,208 in June.

After seven straight months of gains, commercial real estate (CRE) loan prices took a slight dip in July, DebtX reported Wednesday. According to a release from the company, the aggregate value of CRE loans priced by DebtX that collateralize CMBS dropped to 88.3 percent as of July 31, a small drop from 88.4 percent at the end of June. Loan values were 85.3 percent as of July 30.

VendorSelect announced Wednesday that it has chosen REflex Technologies to act as the company's sole technology provider.

Foreclosure.com selected VendorSelect as its exclusive vendor management company as the company grows its network.

The show, titled ""Foreclosure 2 Fabulous,"" follows host Patrick Colville and his family and friends as they help participants buy, renovate, and refurnish foreclosed vacation properties within a five-day period. The program is designed to show participants and viewers how they can ""own and enjoy their own little piece of paradise.""

Home prices in July saw the biggest nationwide year-over-year increase since August 2006, CoreLogic reported Tuesday. According to the company's July Home Price Index (HPI), home prices-including distressed sales-increased year-over-year by 3.8 percent in July. On a month-over-month basis, prices increased 1.3 percent from June. July marked the fifth consecutive increase in home prices on both a monthly and yearly basis.

Mortgage Contracting Services LLC (MCS) announced Tuesday the promotion Chad Mosley to SVP of business development.

The slowing pace of workouts hasn't stopped CMBS special servicer volume from falling, Fitch Ratings reported. According to Fitch's weekly U.S. CMBS Market Trends newsletter, the balance of loans in special servicing as of June 30 was $80.5 billion, a drop from $83.1 billion at the end of 2011 and $85.6 billion in June 2011. This news comes despite a slowdown in resolutions in the year's first half, with 1,242 loans resolved in that time (compared to 1,556 in the first half of 2011).