Distressed

The Home Affordable Refinance Program recorded a 45% drop in volume in October from the previous year as it continunes to wind down, according to the Federal Housing Finance Agency.

Tampa Bay has seen two booms in house flipping — one in the mid 2000s, when prices appeared on a steadily upward trajectory and again from 2011 to 2014, when the market was flooded with cheap foreclosures.

PHH Mortgage was the first mortgage servicer to be fined by the New York Department of Financial Services for failing to maintain a "zombie" property.

Two months after the October wildfires leveled more than 3,000 homes in Santa Rosa, Calif., "For Sale" signs are popping on vacant lots in Coffey Park and other fire-ravaged neighborhoods

Secretary of the Commonwealth William F. Galvin has charged a Milton, Mass., man with using a fraudulent house-flipping scheme to convince friends and investors to lend him money that he then used on restaurants, hotels and groceries.

There are fewer Albuquerque-area homeowners underwater on their mortgages compared with last year.

Foreclosed and abandoned properties that had become magnets for criminal activity in Providence's Olneyville neighborhood were targeted for inclusion in Amherst Gardens, ONE Neighborhood Builders' newest development.

Next to a new Columbus, Ohio, apartment complex on East Whittier Street — a shining testament to the South Side's revival — sits a block of boarded-up and crumbling brick townhomes.

As housing prices continue to climb and the unemployment rate continues to fall, the number of homeowners in the Manatee-Sarasota, Fla., region in danger of falling into foreclosure remains on the decline.

Mortgage Contracting Services will acquire Carrington Home Solutions' property preservation division in a deal expected to close by the end of the year.