Short sales

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

Commercial real estate investment firm Case Real Estate Capital has purchase two nonperforming senior notes for $20.5 million.

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

The share of properties sold during the foreclosure process continued to drop in July as the housing market continued on strong footing, according to RealtyTrac.

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.

The mortgage industry completed 411,000 loan modifications in the second quarter that did not involve a foreclosure, a 7% decline from the previous quarter, according to the Hope Now organization.

Ocwen Financial has partnered with several local organizations to sponsor seminars to help homeowners stay in their homes.

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.

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

Years after the crisis, fundamental problems in default servicing still exist and in order to move forward, servicers must reimagine their processes to better manage overall volume and spikes in demand.