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.

Home prices rose 6.9% in July compared to a year ago, according to CoreLogic.

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

Home prices rose 0.9% from May to June, according to Black Knight Financial Services' Home Price Index. Prices rose 5.1% compared to a year ago.

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.

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.

Mortgage Contracting Services will close the Utah office of its MCS Valuations subsidiary and consolidate its operations into three offices nationwide.

Home prices across the United States spiked 6.5% year-over-year in June 2015, including distressed sales, according to proprietary analytics provider CoreLogic.

Green River Capital has rolled out a new surveillance service for single-family rental properties called Retail Asset Management & Performance.

The Conference of State Bank Supervisors recently challenged college students to examine how community banks survived the financial crisis, and the contest highlighted innovative strategies used by Main Street banks such as Bank of American Fork in Utah.