Foreclosures

The national inventory of foreclosed homes and total completed foreclosures both fell in July, on a yearly basis, according to CoreLogic.

The number of homes that are financially underwater decreased in the second quarter, as property values for the bottom third of the market saw faster rates of growth, according to Zillow.

Blackstone Group LP acquired a "significant equity stake" in mortgage insurer PMI Group Inc.

Mortgage securitizer Ginnie Mae could get hit if a proposed deadline for filing claims on FHA-insured loans goes into effect.

Real estate owned managers can differentiate themselves and earn more business by bringing focus back to distressed property rehabilitation.

The share of properties sold during the foreclosure process continued to drop in July as the housing market continued on strong footing, according to RealtyTrac.

BlackRock Inc. is the latest company planning to finance investors who buy single-family homes, capitalizing on soaring rental demand as the homeownership rate sits at a five-decade low.

The mortgage industry completed 411,000 loan modifications in the second quarter that did not involve a foreclosure, a 7% decline from the previous quarter, according to the Hope Now organization.

The inventory of loans in foreclosure fell 24% in July to a rate of 1.4%, compared to a year earlier, Black Knight reported.

Ocwen Financial has partnered with several local organizations to sponsor seminars to help homeowners stay in their homes.

Banks have ramped up foreclosure activity in the past five months, with default notices, scheduled auctions and bank repossessions at their highest levels in two years. It's a positive sign that banks are finally clearing out all the distressed loans still lingering from the housing crisis. Meanwhile, banks remain cautious about new lending, partly because of regulatory actions.

Bank repossessions of distressed homes hit a 30-month high in July, as financial institutions continue to work through the backlog of bubble-era loans.

The delinquency rate in the second quarter for one- to four-unit homes fell to its lowest seasonally adjusted level in eight years, according to the Mortgage Bankers Association.

Foreclosure inventory and completed foreclosures declined drastically during June, real estate analytics firm CoreLogic found in its monthly survey.

Ocwen Financial's internal review group is "independent," and the Atlanta servicer is in compliance with the national mortgage settlement, settlement monitor Joseph A. Smith said Tuesday.

A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others.

The delinquency rate for commercial mortgage-backed securities was little changed from June to July, according to Fitch Ratings.

A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their investments in local communities.

1st Service Solutions warned that the Las Vegas, Phoenix and Chicago markets could cause problems for commercial mortgage-backed securities investors.

delinquencies, CMBS, commercial mortgage-backed securities,Trepp