Distressed

A year after forming, the Erie County, Pa., land bank is compiling a list of blighted, tax-delinquent properties outside the city that need to be demolished or rehabilitated.

As more homeowners decide to age in place, the amount of equity rich properties continues to rise, according to Attom Data Solutions.

Residential mortgage-backed securities servicers are better able to weather a downturn and the resulting loan defaults today versus before the crisis because of their investments in technology and regulatory compliance, Fitch Ratings said.

New York State is providing additional funding to municipalities that will boost efforts regarding mortgage servicer compliance with the state and local vacant property laws.

Risk aversion, economic momentum and the multidecade nadir of unemployment rates helped push delinquencies to the lowest year-end measure of the 21st century, according to Black Knight.

The distressed real estate market has bounced back from the housing bubble as most foreclosures are due to natural disasters, according to Attom Data Solutions.

Consecutive-month default rates for home loans are increasing, and they could remain higher the next few months, according to a recent report.

Loans in commercial mortgage-backed securities originated after 2009 by nonbank lenders have a significantly higher default rate than those originated by banks, a Fitch Ratings report said.

Due diligence firm American Mortgage Consultants has purchased Meridian Asset Services as part of its continuing efforts to expand through acquisition or organic growth.

The government shutdown is not just affecting federal agency employees' ability to make their mortgage or rent payments, it could take them out of the home buying market, Zillow said.