Real estate data provider ATTOM on Thursday released its Mid-Year 2025 U.S. Foreclosure Market Report, which shows there were a total of 187,659 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2025. That figure is up 5.8% from the same period a year […]
US foreclosure activity continued to rise in first half of 2025, ATTOM says Read More »
Twenty-one years ago, Libby Sosinski was on the brink of leaving real estate for good. Today, the Pittsburgh-based Keller Williams agent consistently closes more than 200 deals a year and recently posted $26 million-plus in 2024 in sales volume, earning a spot on RealTrends Verified’s rankings. But back in 2004 — just a few months
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), announced on Tuesday a 90-day foreclosure moratorium for Federal Housing Administration (FHA)-insured single-family mortgages in the areas of Kerr County, Texas, that have been devastated by recent severe storms, including wind and flood damage. The 90-day moratorium prohibits mortgage servicers from
HUD offers foreclosure relief to Texans saddled by floods Read More »
A group of banking and mortgage associations is trying to get the U.S. Supreme Court‘s attention due to constitutional concerns about the state of New York’s Foreclosure Abuse Prevention Act (FAPA). Friedman Vartolo LLP announced on Monday that it has filed an amicus curiae brief with the Supreme Court on behalf of five of the
Groups petition Supreme Court over New York foreclosure statute Read More »
The most recent National Mortgage Database (NMDB) Aggregate Statistics report from FHFA reveals the significant amount of home equity that American households possess. This should put an end to any discussions suggesting that the housing market is on the verge of a mass foreclosure crisis or that national home prices will crash like they did
Home equity cushions homeowners against economic shocks Read More »
There are about 80,000 veterans in the U.S. who are behind on their mortgages and heading toward foreclosure, according to data from ICE Mortgage Technology, a number that could have been alleviated with help from the Veteran Affairs Servicing Purchase (VASP) program. But just last month, the program was abruptly discontinued by the U.S. Department of Veterans
Without VASP, veterans don’t have a foreclosure safety net Read More »
Citing an issue in which families across Nevada do not have the resources to compete with institutional investors that buy up single-family homes, Rep. Susie Lee (D) has called on Federal Housing Finance Agency (FHFA) Director Bill Pulte to offer transparency when out-of-state landlords purchase foreclosed single-family homes. Lee, who represents part of Las Vegas
Nevada lawmaker targets home purchases by institutional investors Read More »
The rising cost of homeowners’ insurance coupled with the rising regularity of weather-related natural disasters is serving to erode the longstanding barrier between mortgage lenders and loan losses, according to a new report published by First Street. As the frequency of disasters has risen — destabilizing the insurance market, limiting coverage and raising consumers’ costs
Extreme weather and high insurance costs pose foreclosure risk Read More »
Foreclosure activity continued its upward trend in April, with a total of 36,033 properties receiving default notices, scheduled for auction or repossessed, according to the latest data from real estate analytics firm ATTOM. The figure represents a 0.4% increase from March and a 13.9% jump compared to April 2024. “April’s foreclosure activity continued its gradual
Foreclosures are up 14% in the past year, ATTOM says Read More »
According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general
Why foreclosures are still below pre-pandemic levels Read More »
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