Embracing initiatives to promote renting as an alternative to homeownership would provide an alternative to selling REO properties in markets already flooded with inventory, according to the research director at the National Low Income Housing Coalition.

A Denver-based specialty servicer is releasing its proprietary in-house asset management software to the public.

A 300-unit Denver apartment complex that went for $19.4m in 2002 sold again on Aug. 6, this time $7.9m, a discount of more than 59%.

It’s been more than three months since the Obama Administration announced it would solicit public comment on the nation’s housing finance system.

TenantAccess appointed Rick Winter as controller of the property management and leasing services firm.

Integrated Mortgage Solutions (IMS), which offers services to manage distressed portfolios, aligned with Houston-based REO Leasing Solutions to offer more loss mitigation and REO options to customers.

NAI Global, a network of commercial real estate firms, formed a Special Asset Solutions group to help clients with distressed assets and REO properties.

To kick off your weekend, the REO Insider news desk found some good news in the REO space. No, banks are not releasing more foreclosures, but an asset management company his helping the homeless.

REO Leasing Solutions (R2L), which provides leasing options to the distressed real estate market, expanded its management team to get the company’s suite of services in the hands of property investors.

REO Leasing Solutions (R2L) released a suite of services that help property investors lease distressed residential assets and rejuvenate value to those properties.