Distressed

The program backed by Mayor Brandon Scott will offer more than 200 city-owned vacant properties to residents who commit to repairing and living in them.

The momentum created in the fourth quarter is continuing during the first months of this year and is likely to continue throughout 2024, according to Dv01's Vadim Verkhoglyad.

The issuance consists of $618 million of securities, primarily senior, but also some in a subordinate position.

The Mortgage Bankers Association's preliminary first half 2023 analysis shows the highest jump since the 2000s housing boom. Here's what might happen next.

The Federal Housing Administration's new foreclosure prevention strategy starts soon and a Department of Veterans Affairs option is getting final approvals.

The accused, affiliated with Home Matters USA, reportedly took money from the victims and never delivered on the promised services.

State distribution of the Treasury funds for distressed homeowners is now reportedly at least two-thirds complete.

The quarterly rise in late payments on Federal Housing Administration loans was more than five times the increase for home loans overall.

The real estate investment trust lowered its dividend to 25 cents a share after the company realized a nearly $59 million loss on a Philadelphia office loan.

But Fannie Mae and Freddie Mac conducted no private-market sales of nonperforming loans early last year as adjustments were made to the program.

Loan criteria such as credit scores, loan types and loan-to-value ratios are all weaker than those included in 2022 deals, Fitch said.

Slightly more than one-fourth of borrowers with it experienced pandemic-related challenges, the Mortgage Bankers Association found.

Reven Office REIT is seeking $100 million from a lead investor and $900 million through a "blind pool" initial public offering.

Interest rate-related developments have reportedly created an environment where more mortgage firms are interested in selling and investors are eager to buy.

Long-term past dues and foreclosures are generally below pre-pandemic levels, but there are concerns about people underwater on their taxes and insurance.

The warnings come as more than $1 trillion of multifamily debt is due to mature through 2028, potentially leading to increased defaults and losses for banks and bondholders.

The credit grader lowered Brookfield Property's score by two steps to BB from BBB-, the lowest level of investment grade, and the rating remains on negative outlook.

FHA-insured and Department of Veterans Affairs-guaranteed mortgages bear watching next year, according to Intercontinental Exchange.

The companies failed to warn borrowers on newly originated loans regarding the consequences of missing payments, both potential class action lawsuits filed by Rogge Dunn claim.

Levels of home equity in seriously delinquent loans have fluctuated but today there's still a sufficient amount to help many access foreclosure alternatives, Intercontinental Exchange said.