Foreclosures are ticking up. And that may make your mind jump straight to thoughts of 2008 – specifically to what happened to the market during the housing crash. So, let’s do exactly what your brain already wants to do, and see if there’s any connection there. The simple truth is foreclosure filings are rising. But […]
One Key Sign We’re Not Headed for a Wave of Foreclosures Read More »
Although delinquency rates have been steadily rising over the past few years, vacancy and foreclosure rates are seeing little movement, according to a new industry report. Processing Content Nearly 1.4 million homes, or 1.33%, residential properties in the United States were vacant at the beginning of the year, virtually the same as the 1.32% rate
Delinquencies rise, vacancies stay flat Read More »
When a borrower leaves a property, voluntarily or through foreclosure, the asset’s risk profile changes immediately. For housing financers and mortgage lenders, a vacant home is not simply a pause in revenue. It represents an active liability that requires aggressive management to prevent significant financial loss. Processing Content Understanding the specific risks associated with vacant
The hidden cost of vacant properties for mortgage lenders Read More »
Foreclosure- and bank-owned auction volume jumped to their highest levels in years, but buying activity didn’t keep pace with the rise in inventory, according to the latest report from Auction.com. Processing Content Foreclosure inventory, which makes up the majority of distressed auction properties, leaped 48% year over year in the recent fourth quarter to its
Foreclosure auction inventory rises to near 6-year high Read More »
If you’ve seen headlines saying foreclosure activity has been climbing for 10 straight months, it’s easy to assume that’s a sign of trouble for the housing market. But when you look at the full picture, a few simple truths become clear: Today’s foreclosure numbers are in line with what’s considered normal High home equity is
Why Rising Foreclosure Headlines Aren’t a Red Flag for Today’s Housing Market Read More »
Foreclosures notably increased in 2025, but still remained well below prepandemic levels, according to Attom’s year-end foreclosure market report. Processing Content Foreclosure filings, default notices, scheduled auctions and bank repossessions, were reported on 367,460 properties in the United States last year, up 14% from 2024 and 3% from 2023, but still down 25% from 2019,
Foreclosure filings rose again in 2025, Attom finds Read More »
Mortgage delinquency rates rose sharply last month, hitting a four-year high, but those numbers are still in line with historical trends, according to the latest ICE Mortgage Technology First Look report. Processing Content The number of mortgages past due rose by 275,000 to 2.3 million from October to November, bumping up the national delinquency rate
Delinquencies jump to 4-year high Read More »
A key Senate leader is requesting records surrounding the cancellation of second mortgages following the Great Financial Crisis and asking whether the loans were sold to collections agencies in violation of a major legal settlement. Processing Content In a request sent to the independent monitor responsible for oversight of the 2012 National Mortgage Settlement, Sen.
Warren probes whether banks sold forgiven ‘zombie’ seconds Read More »
Newly initiated foreclosure actions at banks have risen on a consecutive-quarter basis but the overall performance of financial institutions’ home loans has remained resilient from a credit perspective. Processing Content Foreclosure starts jumped to 7,903 from 7,163 the previous quarter and 7,450 a year earlier, according to the Office of the Comptroller of the Currency’s
Foreclosures starts, re-defaults inch up at banks: OCC Read More »
A court’s ruling in a closely watched case involving New York’s six-year statute of limitations puts pressure on related parties to confirm that the entity initiating a foreclosure lawsuit is a noteholder with standing. The New York Court of Appeals ruled in Article 13 LLC vs. Ponce De Leon Federal Bank that an interpretation of
Ruling reshapes foreclosure challenges in New York Read More »