A growing foreclosure crisis? Not according to the latest Fed data
The latest New York Fed credit report shows U.S. homeowners in strong financial health, with high equity and robust credit quality.
Foreclosure
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Foreclosure filings rise 18% year over year in August
Lenders started foreclosure proceedings on 24,254 properties in August, a slight decrease from July but up 17% from last year.
Cypress Loan Servicing settles foreclosure case for $2M
Cypress reached a $2 million settlement with the Massachusetts AG over alleged violations of foreclosure prevention and consumer protection laws.
Trump signs VA foreclosure prevention bill into law
The VA Home Loan Program Reform Act establishes a permanent partial claims program designed to help veterans avoid foreclosure.
Californians report unraveling mortgage relief after the fires
Amid foreclosure and balloon payment chaos, July 7 officially marked the end of the FHA moratorium on foreclosures and evictions
‘Right place, right time’: How Libby Sosinski turned rocky start into $26M real estate career
A chance meeting led to a lucrative, multi-decade career in the Pittsburgh and broader western Pennsylvania market.
HUD offers foreclosure relief to Texans saddled by floods
The 90-day moratorium bars foreclosures on FHA-insured mortgages in Kerr County’s federally declared disaster area.
Home equity cushions homeowners against economic shocks
The latest NMDB report from FHFA shows that 82% of homeowners in America have at least 30% of equity in their homes.
Why foreclosures are still below pre-pandemic levels
Foreclosure data showed little stress for many years prior to the onset of COVID-19 and it has continued to perform well since then.
Foreclosures are drying up — and it’s showing in sales data
Foreclosure activity has declined significantly since the housing crisis of the late 2000s, and distressed home marketplace Auction.com reported this week that it expects the number of foreclosure-auction sales in 2025 to drop to the second-lowest total on record.