Protracted negotiations generally revolve around the sales price and the formula used to determine if the borrower has the financial assets to offset some of the losses, according to FHFA acting director Edward DeMarco.

Beazer Homes USA formed a real estate investment trust called Beazer Pre-Owned Rental Homes to acquire, refurbish and lease recently constructed, previously owned single-family homes on a large scale in select markets throughout the country.

Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the lowest reading since the third quarter of 2008.

Bank of America is taking its small Florida pilot short-sale incentive program national.

The Federal Housing Administration—which holds title to 700,000 seriously delinquent mortgages—plans to ramp up its single-family nonperforming loan sale efforts.