Headlines

NetDirector, a provider of cloud-based data and document exchange services, recently launched their new Military and PACER combo searches using their integrated workflow technology.

Leonard Potillo of Longwood, Florida has been charged in a 33-count indictment for wire fraud, bribing a bank official, and unlawful monetary transactions. Potillo is charged with operating an alleged $76 million fraud scheme involving the purchase and sale of delinquent debt portfolios from banks, according to the Office of the Special Inspector General for the Trouble Asset Relief Program (SIGARP).

LoanLogics has hired Leah Fox as SVP of Customer Success. In her role, Fox will build new customer success initiatives and lead the LoanLogics Customer Success organization.

Local home prices rebounded in Southern Nevada in May despite slight decreases from March to April, according to statistics released by the Greater Las Vegas Association of Realtors (GLVAR). The GLVAR reported that the median price of existing single-family homes in the area was up 1.6 percent from April to $195,000.

Ongoing settlement negotiations between Bank of America and the Justice Department to resolve an investigation into the bank's role in the mortgage crisis reached a stalemate Monday as the government reportedly rejected the bank's earlier $12 billion offer.

Annualized housing starts crossed the 1 million mark in April for the first time this year, but little of that improvement came on the single-family side—and that's a serious problem, says the National Association of Realtors (NAR). Measuring new homebuilding against employment numbers—which only recently recovered from their recessionary decline—NAR finds that historically, there is one new home built for every 1.5 jobs added to the economy.

The Wells Fargo Economics Group released its Housing Chartbook for May 2014. The group found that most markets are finding themselves "wildly out of balance" from inflated home prices driven by investor purchases, as well as exceptionally tight inventories that are well ahead of any improvement in demand.

The U.S. Department of Housing and Urban Development (HUD) announced it has entered into a Voluntary Compliance Agreement with the Englewood Housing Authority (EHA) in Englewood, Colorado. The settlement resolves allegations that EHA violated the Fair Housing Act when it implemented a point system at Orchard Place Apartments.

SterlingBackcheck, Aspen Grove Solutions, and the National Association of Mortgage Field Services (NAMFS) announced the addition of SterlingBackcheck to the industrywide background screening solution Aspen iRecord.

A study released Monday by the Service Contract Industry Council (SCIC) has found that homes covered by a protection plan sell faster and for more money than those without one. According to SCIC's most recent look at home sale prices nationally, homes sold with a protection plan spend, on average, 11 fewer days on the market. SCIC's findings also show that homes on average sold for about $2,300 more when covered by a plan.