Distressed

A low-rated segment of an index that most closely tracks the performance of U.S. mall mortgage loans saw its biggest decline in more than a year in October.

Goldman Sachs is getting closer to hitting its $1.8 billion consumer relief obligation as outlined in mortgage settlement agreements between the U.S. Department of Justice and three states.

Lennar Corp. is selling a portion of its Rialto business to Stone Point Capital for $340 million, adding to Stone Point's holdings in the real estate and financial industries.

Housing policies are helping the number of vacant foreclosure homes drop, which could also mean homebuyers have been taking advantage of these properties as inventory continues to be constrained, according to Attom Data Solutions.

A Queens, N.Y., man who helped defraud mortgage lending units at Bank of America, Chase Bank and AmTrust is now facing 21 months in prison and three years of supervised release.

After falling to its lowest level in over 12 years, servicers expected September's surge in delinquencies following the damage of Hurricane Florence, according to Black Knight.

Hurricane Michael is putting mortgage transactions with a combined value of over $400 million in jeopardy, according to ClosingCorp estimates.

Natural disasters are now the leading driver of lenders' foreclosure risk, with last year's hurricanes causing a rise in third-quarter filings in affected markets, according to Attom Data Solutions.

One in five new homes permitted in Houston in the year after Hurricane Harvey is in a flood plain — some on prairie developed for the first time after the storm — even as new rainfall data showed existing flood maps understate the risk posed by strengthening storms.

Destruction from Michael's storm surge and flooding has potential to affect 57,000 homes, with a worst-case total of $13.4 billion in reconstruction cost value, according to CoreLogic's latest estimates.