REO

American Homes 4 Rent has completed its second single-family rental securitization of the year.

LRES in Orange, Calif., and OSC in Kennesaw, Ga., have partnered to broaden their offerings of real estate services.

FirstMerit Corp. has partnered with the Detroit Land Bank to create a down payment assistance program for Detroit homebuyers.

The percentage of residential properties with negative equity fell to the single digits in the second quarter, according to CoreLogic.

Blackstone Group's Invitation Homes, the largest owner of single-family rental houses in the U.S., hired Ernest Freedman from Apartment Investment & Management Co. to become its chief financial officer.

Comptroller of the Currency Thomas Curry said banks could consider loan-to-value ratios above 90% to help revitalize areas hurt by the housing crisis.

FirstKey Holdings has formed a business unit to manage single-family rental homes.

The delinquency rate for commercial and multifamily mortgages continued to improve for most categories of investors in the second quarter, continuing a trend from the first quarter, according to the Mortgage Bankers Association.

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

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