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
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021
Mortgage Lenders Expect Profit Margins To Shrink

69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.

Industry News
Jun 14, 2021
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021

Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.

Industry News
Jun 14, 2021
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021