Distressed

One of the biggest investors in the Marriott Pere Marquette project has filed to start foreclosure proceedings in Peoria County, Ill., Court.

Robeson County, N.C., is losing needed revenue by not taking foreclosure action sooner against property owners who have not paid taxes, according to Commissioner David Edge.

In more good news for the real estate market, thousands of Albuquerque-area residents have regained equity in their homes.

The number of underwater properties nationwide decreased once again in the fourth quarter, CoreLogic reported.

One eviction suit filed stands out from the nearly 900 other evictions filed in Milwaukee County Circuit Court last month.

Dayton, Ohio, had the highest homeowner vacancy rate among major U.S. metro areas last year, according to Census data, but some experts said the statistic contradicts other indicators showing positive housing trends.

Late payments on securitized commercial mortgages resumed climbing in February, after an unexpected pause the previous month, according to Trepp.

New Residential Investment Corp. is readying an offering of bonds backed by both reperforming and nonperforming mortgages.

Deutsche Bank wants to finance hedge fund purchases of subprime loans in order to meet the terms of its $7.2 billion settlement with the U.S. government.

The meteoric rise and collapse of specialty servicer Wingspan Portfolio Advisors is a stark reminder of what can happen when companies don't adequately respond to shifting business cycles, like the ongoing rise in interest rates and home prices.

Ocwen has reserved $12.5 million to put toward a potential settlement with the Consumer Financial Protection Bureau.