DataQuick, a real estate solutions provider, announced the promotion of Rich Kuegler to SVP of branch production for DataQuick Title (formerly Rels Title).

Volusia County in Florida partnered with Corporation Service Company (CSC) to offer the use of electronic document recording for real estate and land record processing.

Churchill Mortgage received approval to take part in a program that offers assistance to first-time homebuyers in Texas.

There's a mortgage debt ""overhang"" that threatens the health of the national economy, and one possible solution to the problem comes in the form of eminent domain, according to a new report authored by Robert Hockett. Of the roughly 11 million underwater mortgages, about 3 or 4 million are in default, foreclosure, or foreclosed and awaiting liquidation, the report, Paying Paul and Robbing No One: An Eminent Domain Solution for Underwater Mortgage Debt, found.

The number of job openings fell in April for the fourth time in the last five months as the number of people leaving their jobs jumped to the highest level since August, the Bureau of Labor Statistics (BLS) reported Tuesday. The number of persons unemployed for each job opening rose to 3.10, the first increase in that measure since February. At the same time, the JOLTS data showed hiring in the first four months of the year was up--albeit just 0.2 percent--from the same period in 2012.

Mortgage Contracting Services (MCS) announced the promotion of Wade Petty and Marie Walters to VP of finance and controller/assistant VP, respectively.

The Mortgage Bankers Association (MBA) announced the nomination of Quicken Loans CEO Bill Emerson to be its vice chair for the 2014 membership year.

Vericrest Financial, Inc., a financial services company with centers in Texas, Oklahoma, and California, announced it has changed its corporate name to Caliber Home Loans, Inc., effective immediately.

The weekend saw more bad news from FDIC: the closure of a Tennessee bank, bringing the nation's year-to-date total to 16.

Competition for homes eased in May due to a monthly increase in inventory, according to Redfin's latest bidding war report. Although 69.5 percent of offers that came from Redfin agents faced competition last month, the share is down from 73.3 percent in April. Competition was the most heated in California markets. In San Francisco, 87.9 percent of offers faced multiple bids in May, the most out of the 21 major markets tracked.