National Home Auction Corporation (NHA), a now-defunct real estate company specializing in the marketing and auction-style sale of lender foreclosed properties, filed a lawsuit against Real Estate Disposition Corporation (REDC) in an Orange County Superior Court on Friday.

Lender Processing Services, Inc. (LPS), a Jacksonville, Florida-based provider of technology and services to the mortgage industry, announced Tuesday the launch of its proprietary Home Price Index (HPI).

Investors are zeroing in on the distressed housing market in Arizona. According to the research firm MDA DataQuick, nearly 4 out of every 10 homes sold in the Phoenix area in April were snatched up by absentee buyers, which typically constitute investors or vacation property purchases.

Newport, Kentucky-based Default Mitigation Management LLC (DMM) has released an update to its Debtor’s Counsel Loss Mitigation Web Portal. The company explained that the new release is another step forward in creating more effective channels of communication between attorneys, servicers, and now the trustees, and streamlining the loss mitigation process – in and out of bankruptcy.

Former Fannie Mae CEO Herbert M. Allison, Jr. was confirmed by the United States Senate on Friday to serve as the Department of the Treasury’s assistant secretary for Financial Stability. In this position, he is responsible for developing and coordinating the Treasury’s policies on legislative and regulatory issues aimed at restoring the nation’s financial system.

Integrated Mortgage Solutions (IMS), a collateral protection resource for the mortgage servicing industry headquartered in Houston, Texas, announced Monday that it has named Gerald Aust as SVP of sales and client relations.

The number of foreclosures in Massachusetts declined by double-digit percentages in May compared to last year and the prior month, according to the latest report from the Boston-based real estate research company The Warren Group.

JVI Appraisal Division LLC, a national real estate valuation company based in Lake Mary, Florida, announced on Monday that it has been selected to participate in the Neighborhood Stabilization Program in Jacksonville, Florida.

Mortgage interest rates across the board dropped back down this week, following three straight weeks of increases for long-term, fixed-rate home loan products. Frank Nothaft, Freddie Mac’s VP and chief economist, explained that the upward trend was reversed by reports of low, benign inflation figures.

LendingTree, an online lending exchange headquartered in Charlotte, North Carolina, introduced a new offering this week that the company says will help banks and mortgage companies retain borrowers who are seeking refinancing options with other lenders.