REO

The percentage of vacant bank-owned properties is larger now versus a year ago as banks are completing more foreclosures, according to Attom Data Solutions.

Mortgage servicing has undergone a dramatic transformation in response to the housing crisis, creating an environment where a focus on the consumer will define how servicers approach their business and regulators oversee their operations.

Colony Starwood Homes has sold a portfolio of 1,675 nonperforming loans, as it winds down its business in the space.

Fitch has taken a slightly dimmer view of Midland Loan Services' ability to workout distressed commercial mortgages.

Nationstar is preparing its third securitization this year, and sixth overall, of nonperforming and inactive reverse mortgages under a Federal Housing Administration reverse mortgage program.

As if high default costs haven't been challenging enough for mortgage servicers, a growing number of seriously delinquent loans are Federal Housing Administration products, which require significant upfront investment to resolve.

Homes that were foreclosed on during the housing crisis have since gained nearly twice as much value when compared with other homes, according to Zillow.

Progress Residential is refinancing its first securitization of single-family rental properties.

Melissa Suniga and her mother had been renting a three-bedroom Phoenix house for less than a year when their landlord, Blackstone Group's Invitation Homes, gave them the chance to buy it.

The Consumer Financial Protection Bureau recently dressed down the mortgage industry for failing to innovate. Here are 10 tech ideas from the National Mortgage News team that could improve efficiency, margins and the industry's image among growing demographics. Some might sound farfetched, but so do most great inventions at first. Dream big.

Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric RMBS class the mortgage servicer has engaged in four previous transactions.

Foreclosure activity dropped year-over-year for the eighth consecutive month in May but remained essentially unchanged from April, according to RealtyTrac.

Foreclosure starts dropped nearly 17% from a year earlier last month, falling to their lowest level in a decade, according to Black Knight Financial Services.

The number of zombie foreclosures, properties in the foreclosure process that are vacant, dropped 30.1% from a year ago during the second quarter, according to RealtyTrac.

It's taken nine years, but the number of U.S. homes in foreclosure has fallen to a level not seen since before the 2008 housing crisis.

Its results were affected by the costs related to shutting the delinquent loan services business.

The number of seriously delinquent mortgages reached its lowest level in over eight years, helped by new job creation and higher wages, CoreLogic reported.

Appraisal management company Solidifi has acquired Linear Title & Closing, a provider of national title searches and mortgage closing services.

Royal Financial in Chicago has agreed to sell $26 million of distressed assets associated with its pending purchase of Park Bancorp in Chicago.

The Securities and Exchange Commission is looking at whether mortgage servicers are boosting profits by prematurely unleashing debt collectors on delinquent borrowers, a person with direct knowledge of the matter said.