REO

Builder Lennar Corp.'s purchase of CalAtlantic's financial services operations boosted its mortgage segment's earnings in the third quarter as the acquisition offset declines in per-loan profits and refinancing.

Commercial mortgage-backed securities delinquency rates are likely to continue to decrease for the rest of the year, as new issuances outpace maturing loans and precrisis loans continued to get resolved by special servicers, Fitch Ratings said.

More flip-and-fix property buyers seek financing for their purchases as fewer distressed homes come on the market and sales margins narrow, said Attom Data Solutions.

Delinquencies for loans securing commercial mortgage-backed securities continued to decline, although they are still well above rates for other types of investors, according to the Mortgage Bankers Association.

The priciest house for sale in the Tampa Bay, Fla., area could soon become its biggest foreclosure.

Baltimore had the highest share of distressed home sales of any city in the country, according to Attom Data Solutions.

Connecticut entered July with the fifth-highest rate of residential mortgages under foreclosure in the nation, according to a study of more than 360,000 foreclosures nationally over the first six months of the year.

Foreclosure filings plummeted in the first half of the year, but 40% of local markets saw foreclosure starts increase, with the last housing bubble no longer to blame for the growth, according to Attom Data Solutions.

Bank of America allows foreclosed houses in black and Hispanic neighborhoods to fall into disrepair even as it studiously maintains bank-owned homes in white areas, housing activists allege.

Blame the decline in the oil and gas industry; many 2014 vintage deals have exposure to a number of multifamily and hotel properties in North Dakota and Texas, according to Fitch.