Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

Today’s real estate market can be challenging for homebuyers. A sustained rise in prices has made the market increasingly expensive, and competition for properties can be intense. Bank-owned ...

What is REO when it comes to real estate? It stands for real estate owned, and it’s a term you’ll see when a bank or lender takes ownership of a home after a failed foreclosure auction. When a ...

Signature Bank, one of the largest U.S. banks that catered to the tech industry, was shut down by regulators on Sunday. (Spencer Platt/Getty Images) After the collapse of Silicon Valley Bank (SVB) and ...

Redemption Holding Co. has completed its acquisition of Utah-based Holladay Bank & Trust, making it the first time a bank has been owned by a Black-led investment group in the Western U.S. The newly ...

Redemption Bank is the first Black-owned bank in the expansive "Black-banking desert" that stretches from Houston to Los Angeles. Redemption Holding Co. has finalized its acquisition of Utah-based ...

Black-owned bank OneUnited has launched WiseOne, a new AI money coach designed to help users manage their finances ...

PROVIDENCE – While trying to convince legislators that the state can save millions of dollars on leases by purchasing a Citizens Bank-owned building in East Providence that's been on the market for at ...

LINSEY THANK YOU. IT IS 542 THIS MORNING. 12 NEWS CELEBRATES BLACK HISTORY MONTH WISCONSIN’S OLDEST BLACK OWNED BANK IS MARKING 100 YEARS IN MILWAUKEE. AND THIS MORNING’S PROJECT COMMUNITY. I FOUND ...

Cindy Hill is First Independence Bank's self-proclaimed biggest advocate, often talking it up to her community and handing out business cards. "I feel that it's very important for us to support it ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran has mounted one of the largest interventions in the country’s financial system in decades after taking ...