A flood of foreclosure starts and repossessions upended many Americans’ lives in Q1 as increasing economic pressures strains homeowners. A total of 93,953 properties had foreclosure filings (which include default notices, scheduled auctions, and bank repossessions) in Q1 2025, up 11% from the previous quarter, according to ATTOM. That figure is actually down 2% YOY,…
By ERIN FLYNN JAY Foreclosure activity could rise in 2025 but industry leaders say there likely won’t be a dramatic increase. Last year, foreclosure activity declined. Foreclosure filings — default notices, scheduled auctions, and bank repossessions — were reported on 322,103 U.S. properties. That represented 0.23% of all housing units, down slightly from 0.25% in…
The end of the VA’s foreclosure moratorium pushed starts and sales up in January. Foreclosure starts increased 30% last month while sales rose 25%, the result of the expiration of the VA foreclosure moratorium, according to new data from ICE. Active foreclosure inventory surged 7% on the month. The Department of Veterans Affairs extended a…
Foreclosure activity continued to simmer last month as filings slipped thanks to seasonal declines, but starts and completions increased on the year. Foreclosure filings were down 9% YOY in November and 5% from October, according to new data from ATTOM. Filings include default notices, scheduled auctions, or bank repossessions. ATTOM CEO Rob Barber said the…
By ERIN FLYNN JAY There has been an uptick in foreclosure activity this year but industry professionals say the impact on the national housing market will be manageable moving into 2025. Marina Walsh, vice president of industry analysis at the Mortgage Bankers Association, recently told The Mortgage Note that delinquencies increased across all product types….
Forbearances rose for the first time since 2022 last month but foreclosures remain few and far between. The Mortgage Bankers Association recently reported that the total number of loans in forbearance increased to 0.23% as of June 30. This puts approximately 115,000 homeowners in forbearance plans. Government loans in particular saw weakness in the performance…
By ERIN FLYNN JAY Foreclosure numbers are up by double-digit numbers and industry leaders say they will continue to rise this year. Earlier this month, ATTOM, a curator of land, property, and real estate data, released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, scheduled auctions, and bank repossessions —…
By KIMBERLEY HAAS Distressed homeowners who get behind on their mortgage bills are avoiding foreclosure. The Mortgage Bankers Association’s National Delinquency Survey was released last week and it showed that delinquencies increased in the third quarter to a rate of 3.62%, up 25 basis points from the second quarter and 17 basis points from a…
Serious mortgage delinquencies fell to their lowest point since 1999 in August, but financial pressures could force them up in the future. In August, 2.6% of all U.S. mortgages were in some stage of delinquency, down 0.2% YOY and 0.1% from July 2023, according to CoreLogic’s latest Loan Performance Insights Report. Early-stage delinquencies and adverse…
Despite the market correction, housing ended 2022 on a strong note, CoreLogic reports. Delinquencies and foreclosures were historically low throughout 2022 and remained that way at year-end, with both seeing only minor upticks in December compared to the previous six months. Both hit their bottoms in early 2022 and have barely moved since. Only 3%…
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