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.

Despite a national trend of declining foreclosure volume, a recent spike in foreclosure activity has created a number of hot spots in many local markets. Here's a look at the 12 cities most affected by this development.

Robert Klein, the son of Holocaust survivors who went on to build an empire in the property preservation industry, died on May 3. He was 65.

Mortgage foreclosure filings decreased 16.5% in Luzerne County, Pa., last year, and year-to-date figures indicate the decline may continue in 2018.

Last year, Brett Buras and a partner scored big on a flip. They bought a house in Belleair Bluffs for $185,000, spent another $70,000 or so on renovations and sold it for $359,000 — a net profit of $104,000.

Real estate foreclosures declined in Hawaii for a fourth consecutive year in 2017, according to statistics from the state Judiciary.

There was a modest decline in hurricane-related delinquent mortgages in February, a sign that there are lingering problems in the affected markets.

It was a minor entry on the crime blotter earlier this month: Mandeville, La. police booked a 27-year-old man they said was breaking into a foreclosed home and trying to remove property.

The lender acquired Esperanza Mansion, the hotel, restaurant, and wedding venue overlooking Keuka Lake, N.Y., that closed its doors in 2016, after no bids were received at a foreclosure auction on March 7.

Sledgehammered by the foreclosure crisis, drug dealing and other crimes, some Dayton, Ohio, neighborhoods are too far gone even for the Montgomery County Land Bank to use its limited resources for demolitions.

Commercial and multifamily fourth-quarter mortgage delinquency rates improved for most investor types compared to one year prior as the U.S. economy continued its recovery.