Skip to main content

New Vista Acquires the Asset Management Business of REDC Default Solutions
Mar 01, 2011

New Vista Asset Management, a San Diego, Calif.-based real estate-owned (REO) asset management firm, has acquired the REO asset management business unit of REDC Default Solutions LLC (REDC). Terms of the transaction were not disclosed. The asset management unit previously operated within REDC, which is a wholly-owned subsidiary of Irvine, Calif.-based LLC (formerly Real Estate Disposition LLC), and offers outsourced residential asset management services for banks and other financial institutions. Widely recognized for consistently outstanding client results and nationwide real estate market expertise, the unit expands New Vista’s strong client portfolio and deepens the company’s commitment to providing solutions that propel America’s housing recovery. REDC’s asset management unit’s managers, employees, technology and client engagements transferred to New Vista as a result of the transaction, and become part of the Southern California company’s first full-scale, self-operated platform. “New Vista has always stood for the proposition that outstanding REO asset management performance can be achieved through strategies that also sustain communities, support homeownership, and provide access and opportunity for minority homebuyers and real estate professionals,” said Brian Hurley, president of New Vista. “Through our results-driven platform, we will broaden our market impact to achieve even better results for clients and communities alike.” “Our team is excited to join New Vista,” said Donita Thompson, former senior vice president of REDC, who became senior VP of REO operations for New Vista at the closing of the transaction. “We believe strongly in the company’s mission and are eager to focus our energies on driving the company’s REO performance and growth.” For more information, visit
Mar 01, 2011
Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Jan 26, 2023