REO

The Department of Housing and Urban Development has rejected a nonprofit housing group's allegations of racial discrimination against U.S. Bank. HUD found that the bank properly maintain foreclosed homes in predominantly black and Hispanic neighborhoods and in some cases spent more rehabilitating the homes than in white areas.

Auction.com has rebranded at the corporate level to Ten-X, as the company begins to grow other segments beyond its auction-based platform.

Amherst Holdings plans to market $400 million worth of bonds backed by single-family rental homes, according to Trepp.

In a mostly light-hearted interview on "The Late Show with Stephen Colbert," HUD Secretary Julian Castro defended the agency against Republican calls for its shutdown.

The nonperforming loan situation continued to improve in November, as the national inventory of foreclosed homes dropped to pre-recession levels, according to CoreLogic.

East West Bancorp paid $118.4 million to terminate single-family and commercial shared-loss agreements with the Federal Deposit Insurance Corp., tied to a failed bank acquisition.

American Homes 4 Rent, the largest publicly traded U.S. single-family home landlord, agreed to acquire a smaller competitor, American Residential Properties, in a deal valued at $1.5 billion, including debt.

The delinquency rate for commercial and multifamily mortgages improved for most categories of investors in the third quarter, according to the Mortgage Bankers Association.

HomeUnion has formed a mortgage-brokerage division that will focus on investors in single-family rental homes.

Center Street Lending in Irvine, Calif., has expanded into new lending products to help investors in the rental real estate market.