Distressed

Commercial mortgage bonds are getting stuffed with the lowest-quality loans since the financial crisis by one measure, according to Moody's Investors Service.

Former boxing champion Vinny Paz apparently won a reprieve on the auctioning of his Warwick house.

While the rate of underwater borrowers continues to decline, many cities still struggle with a deluge of homeowners with so little equity that they have limited incentive or ability to put their homes on the market.

Despite a national trend of declining foreclosure volume, a recent spike in foreclosure activity has created a number of hot spots in many local markets. Here's a look at the 12 cities most affected by this development.

Late payments on single-family home mortgages improved on a consecutive quarter basis as more recovery from Hurricanes Harvey and Irma took hold, but more potential loan performance concerns lie ahead.

A ring of thieves illegally took ownership of more than 40 homes across South Florida in a multimillion-dollar plan — even stealing properties that belonged to the dead, authorities say.

As the number of equity rich properties falls from its peak, the volume of seriously underwater properties saw its smallest annual decline, according to Attom Data Solutions.

The number of residential and commercial properties that fell into foreclosure in Colorado Springs and surrounding communities totaled 79 last month, a roughly 20% drop from April 2017.

A special agent who used to work for an investigative arm of Immigration and Customs Enforcement pleaded guilty to defrauding Freddie Mac and SunTrust Mortgage through a short sale.

For decades, the single-family house surrounded by a white picket fence has symbolized the American dream of home ownership.

March's increase in foreclosure starts was a direct result of the end of the moratorium for borrowers affected by Hurricanes Harvey and Irma, Black Knight said.

Erie County Clerk Mickey Kearns and the Western New York Law Center announced a partnership with Columbia Law School to help local municipalities with limited resources track and monitor zombie home foreclosures.

The city is using its blight ordinance to pressure the owner of the Hartford 21 tower to do something with another prominent but deteriorating building near Bushnell Park: the former YMCA building.

Despite soaring home prices, other factors needed to inflate a housing bubble are absent from the real estate market. But experts warn falling home values and rising mortgage defaults are inevitable, even if conditions naturally cool off.

Fannie Mae and Freddie Mac had a 9% increase in total foreclosure prevention actions taken during 2017 as a result of three September hurricanes, according to the Federal Housing Finance Agency.

Real estate foreclosures declined in Hawaii for a fourth consecutive year in 2017, according to statistics from the state Judiciary.

There was a modest decline in hurricane-related delinquent mortgages in February, a sign that there are lingering problems in the affected markets.

After getting kicked out of the chief executive officer job at Uber Technologies in June, Travis Kalanick is getting back in the saddle.

It was a minor entry on the crime blotter earlier this month: Mandeville, La. police booked a 27-year-old man they said was breaking into a foreclosed home and trying to remove property.

Increased numbers of homeowners in Orlando — and most of Florida — fell behind on mortgage payments late last year, bucking national trends.