Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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04/24/26

Mayor Mamdani Establishes Mayor’s Office of Deed Theft Prevention, Appoints Peter White as Director
NEW YORK – Today, Mayor Zohran Kwame Mamdani established the City’s first Mayor’s Office of Deed Theft Prevention and appointed Peter White as the office’s director. Deed theft, in which white-collar criminals use fraudulent filings to steal homes from longtime residents, is a persistent threat to working-class homeowners in New York. Families who have spent decades building stability and generational wealth are being targeted and displaced through complex scams that exploit gaps in oversight. “The theft of a home is the theft of a family’s future,” said Mayor Mamdani. “Deed theft preys on the New Yorkers who can least afford it. Today, we are bringing the full force of City government to bear to stop it – to protect homeowners, defend generational wealth and make clear that this City will not tolerate the exploitation of our communities. I am proud to appoint Peter White as the director of New York City’s first-ever Office of Deed Theft Prevention, where he will write a new story of leadership and action.”

04/22/26

New rule change opens the door to more housing, lending discrimination
The Trump administration’s trend of pushing pro-segregation policies continued Tuesday when it gutted rules to prevent discrimination in the lending industry. New rule changes at the Consumer Financial Protection Bureau, an agency Trump officials have tried to destroy, will erode antidiscrimination requirements in the housing and lending industries, The Hill reported.

04/21/26

Couple sues Bank of New York Mellon, NewRez to halt Georgia foreclosure
A Georgia couple is racing the clock to stop a May 5 foreclosure sale, accusing Bank of New York Mellon and servicer NewRez of pushing ahead while reviewing them for help. The lawsuit, filed April 20 in the US District Court for the Northern District of Georgia, names Bank of New York Mellon as trustee for the CWALT, Inc. Alternative Loan Trust 2005-60T1, along with NewRez LLC, which does business as Shellpoint Mortgage Servicing. The homeowners, Nathan Littleton and Valencia Price-Littleton, live on Mossey Drive in Lithonia and are handling the case on their own, without a lawyer.

04/21/26

Florida homeowner drags NewRez, Ditech into federal court over servicing
A Fort Lauderdale homeowner has sued NewRez, Ditech and Paramount Residential Mortgage Group in federal court, challenging how her mortgage was serviced and who had the right to enforce it. The lawsuit, filed on April 17, 2026 in the US District Court for the Southern District of Florida, was brought by April L. Young, who is representing herself. The case is docketed as No. 0:26-cv-61149. The allegations have not been tested in court, and no ruling has been issued on the merits.

04/21/26

Senator Eldridge Joins Hundreds of CDC Advocates to Keep MA Families in their Homes & Protect Vulnerable Communities
Boston, MA — The Massachusetts Association of Community Development Corporations (MACDC) brought over 250 community development leaders to the State House today for their annual Lobby Day, rallying around a unified message: Massachusetts must do more to keep residents in their homes, support its most vulnerable communities, and ensure that economic opportunity reaches everyone. CDC leaders from across the Commonwealth met with legislators to advance four priorities — the Tenant Opportunity to Purchase Act (TOPA), the PROTECT Act, the Small Business Technical Assistance (SBTA) grant program, and the Chapter 206 Foreclosure Prevention Counseling program.

04/17/26

U.S. Foreclosure Rates by State – March 2026
In March 2026, U.S. foreclosure activity increased from the prior month and remained higher than levels reported one year earlier, continuing a gradual normalization trend in the housing market. Total filings: 45,921 properties with default notices, scheduled auctions, or bank repossessions Monthly change: Up 18 percent from February 2026 Year-over-year change: Up 28 percent from March 2025 National rate: One in every 3,131 housing units had a foreclosure filing States with the worst foreclosure rates: South Carolina, Indiana, Florida, Illinois, and New Jersey

04/17/26

Maine Governor Signs First-in-the-Nation Law to Protect Homeowners From Home Equity Investment Loans
BOSTON — This week, Maine Governor Janet Mills signed a bill making Maine the first state in the nation to create essential consumer protections for home equity investment (HEI) loans, called shared appreciation mortgage loans in the new law. The new law, LD 1901, An Act to Regulate Shared Appreciation Agreements Relating to Residential Property, provides safeguards from this growing class of complicated, high-risk financial products, which lure homeowners with the promise of upfront cash and no monthly payments, hiding large, unknown lump-sum payments. “With the signing of this groundbreaking bill, Governor Janet Mills brings transparency and fairness to the home equity investment loan process,” said Andrea Bopp Stark, senior attorney at the National Consumer Law Center (NCLC). “This legislation applies comprehensive boundaries to a complex financial product that is often marketed and sold without regard for the long-term impacts on homeowners.”

04/16/26

Foreclosure Activity Rises in Q1 2026 as Market Continues to Normalize
IRVINE, Calif. — April 16, 2026 — ATTOM, the leading provider of property data, AI-powered analytics, and real estate intelligence solutions, today released its Q1 2026 U.S. Foreclosure Market Report, which shows a total of 118,727 U.S. properties with a foreclosure filing during the first quarter of 2026, up 6 percent from the previous quarter and up 26 percent from a year ago. The report also shows a total of 45,921 U.S. properties with foreclosure filings in March 2026, up 18 percent from the previous month and up 28 percent from a year ago.

04/13/26

Fraud Detection in Mortgage and Lending: The Role of Data and Artificial Intelligence
Artificial intelligence (AI) has the speed and power to perform data analysis on layered datasets. Layering data, combined with instant analysis, identifies suspicious information far faster than manpowered systems. Here’s a look at what type of property data are used by financial institutions in their fight against fraud, and how AI pinpoints red flags for cases needing further scrutiny.

04/10/26

Homeowner sues U.S. Bank, alleges foreclosure without a single required notice
U.S. Bank Home Mortgage is facing a federal lawsuit accusing it of foreclosing on a Nebraska home without following basic servicing rules. The case, filed on April 8, 2026, in the United States District Court for the District of Nebraska, was brought by Gloria Hill, a former Douglas County homeowner who says she never missed a payment — and yet lost her home anyway

04/10/26

Washington State Targets Newrez With $4.2M Penalty Over Servicing Violations
Washington State regulators have filed enforcement charges against Newrez LLC, seeking more than $4.1 million in penalties and corrective action tied to alleged mortgage servicing failures spanning several years.

04/07/26

$26M Lakeview Loan Servicing data breach class action settlement
Lakeview Loan Servicing agreed to a $26 million class action settlement to resolve claims it failed to prevent a 2021 data breach that compromised sensitive consumer information. The Lakeview Loan Servicing settlement benefits individuals who received a data breach notice from Lakeview Loan Servicing informing them that their personally identifiable information may have been compromised in a data breach on Oct. 11, 2021.

04/03/26

The Trump administration wants banks back in the mortgage business. Banks have other ideas.
The Trump administration and the Federal Reserve want banks to get back into the mortgage business, as part of their efforts to make homes more affordable. Banks, though, aren’t likely to go along. Regulators are hoping that pushing mortgage origination back to banks and away from less-regulated lenders will unlock more loans for homebuyers, give federal agencies more insight into risks brewing in the housing market and boost revenue for regulated financial institutions.

04/02/26

Trump's VA killed a home loan program. Vets are now losing their homes because of it
More than 10,000 veterans lost their homes to foreclosure since May of last year, when the Trump administration shut down a key safety net in the VA home loan program, according to the latest industry data. That is the highest pace of foreclosures for VA loans in a decade. Another 90,000 vets are heading toward foreclosure. This comes after a years-long debacle inside the Department of Veterans Affairs has whiplashed thousands of vets between various enacted and canceled programs and left many of them on the brink of losing their homes — often through no fault of their own.

04/01/26

The Post-Dodd-Frank Rollback Begins? New Executive Order Targets Mortgage Origination, Servicing, and Reporting Rules
On March 13, 2026, President Trump signed an executive order titled “Promoting Access to Mortgage Credit,” directing federal financial regulators to consider a broad set of revisions to the mortgage regulatory framework. The order is the most comprehensive signal to date that the administration intends to revisit core elements of the post-Dodd-Frank compliance infrastructure governing mortgage origination and servicing, with a particular focus on reducing burdens for community banks (institutions with fewer than $30 billion in assets) and “smaller banks” (those with fewer than $100 billion in assets).

04/01/26

First American moves to freeze $1.6m over reverse mortgage fraud claims
First American is seeking to freeze over $1.6 million in a reverse mortgage servicer's bank accounts, alleging fraud and concealed regulatory trouble. In court papers filed on March 30, 2026, First American Title Insurance Company and First American Mortgage Solutions brought an action against Novad Management Consulting, a Maryland-based firm that held a federal contract with HUD to service home equity conversion mortgages — better known as reverse mortgages.

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