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REDC Names Culler COO

Daniel P. Culler has been appointed COO at Real Estate Disposition Corporation (REDC), an Irvine, California-based real estate auction company. In this position, Culler will oversee the company’s new commercial real estate division.

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Nationstar Signs Federal Mod Contract

Movers & Shakers, people

Nationstar Mortgage LLC, headquartered in Dallas, Texas, has joined the list of mortgage companies officially under contract to provide federal loan modifications through the government’s Home Affordable Modification program.

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National Asset Direct Acquires United Residential Lending

National Asset Direct, Inc. (NAD), a San Diego-based service provider to purchasers of performing and distressed residential mortgage loans and assets, announced Monday that it has acquired Arizona’s United Residential Lending, LLC (URL), a mortgage banker offering a full line of Federal Housing Administration (FHA), agency, and jumbo loan programs in 18 states.

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Realtors Turn to SAS Analytics for Housing, Foreclosure Data

The National Association of Realtors (NAR) says it wants to provide its membership with the best possible information about the U.S. housing market. To help achieve this goal, the NAR research department recently implemented SAS Visual Data Discovery to supply members with updated foreclosure and other housing market information.

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Foreclosures Lead to Greater Price Cuts

Nearly a quarter of homes currently for sale in the United States have experienced at least one price cut, according to a report released Friday by Trulia, Inc., a San Francisco-based real estate company that tracks home prices in local communities across the country.

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Freddie Mac Loosens Refinance Rules

Freddie Mac announced on Friday that it is instituting several changes to its refinance offering under the Obama administration’s Making Home Affordable program. The McLean, Virginia-based GSE explained that the new relaxed guidelines will make the refinancing option available to a wider scope of borrowers looking for mortgage relief from the government program.

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GMAC Announces Key Mortgage Hires

GMAC Financial Services has filled two key servicing roles within its mortgage operations business. Jeff Lemieux has joined the division as SVP of fee-based servicing, and Dana Dillard has been named SVP of special mortgage initiatives.

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Wells Looking for 200 Loan Mod Employees

Wells Fargo Home Mortgage is hiring 200 new staff members in the San Antonio, Texas, area to keep up with an increase in loan modification and refinance volumes. The _San Antonio Express-News:http://www.

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