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06/04/26
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UNEMPLOYMENT AND FORECLOSURE RATES DRIVE HOUSING MARKET RISK
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ATTOM |
UNEMPLOYMENT AND FORECLOSURE RATES DRIVE HOUSING MARKET RISK
IRVINE, Calif., June 4, 2026 /PRNewswire/ -- ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, today released its latest Housing Risk Report spotlighting county-level housing markets around the United States that were more or less vulnerable to declines, based on home affordability, equity and other measures in the first quarter of 2026.
Of the 50 riskiest counties, 12 were in Florida, nine in California, and five each in Illinois and New Jersey, according to ATTOM's analysis.
The overall riskiest markets in ATTOM's analysis were Charlotte County, FL; Butte County, CA; Charles County, MD; Shasta County, CA; and Cumberland County, NJ.
While affordability remains a nationwide challenge, these riskiest markets were characterized by particularly high rates of unemployment and some of the worst foreclosure rates compared to the other counties included in the analysis.
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06/02/26
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Lost note sinks foreclosure after Connecticut court faults servicer affidavits
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MPAMAG |
Lost note sinks foreclosure after Connecticut court faults servicer affidavits
Connecticut's top court just killed a foreclosure because the lender couldn't prove it owned the debt – even with the borrower in default since 2010.
In a decision officially released June 2, 2026, the Connecticut Supreme Court reversed a strict foreclosure judgment against a Ridgefield homeowner, ruling that the foreclosing party never established, with the clarity summary judgment requires, that it owned the debt behind the mortgage. The case was sent back to the lower courts for further proceedings.
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06/02/26
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Mailing an EMAP notice clears a Connecticut foreclosure, court tells mortgage servicers
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MPAMAG |
Mailing an EMAP notice clears a Connecticut foreclosure, court tells mortgage servicers
Mailing an Emergency Mortgage Assistance Program notice is enough to foreclose in Connecticut, even when the envelope comes back unclaimed.
In a decision officially released June 2, 2026, the Connecticut Appellate Court affirmed a strict foreclosure judgment for Wells Fargo Bank, acting as trustee for an Option One mortgage loan trust.
The takeaway for anyone running a foreclosure pipeline in the state is direct: the EMAP notice requirement is met by sending the notice, not by proving the borrower received it.
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06/02/26
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VA Finalizes Partial Claim Program To Help Veterans Avoid Foreclosure
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National Mortgage Professional |
VA Finalizes Partial Claim Program To Help Veterans Avoid Foreclosure
New loss mitigation option allows struggling borrowers to bring mortgages current without increasing monthly payments
Veteran homeowners facing financial hardship will soon have access to a new foreclosure-prevention tool designed to help them stay in their homes without increasing their monthly mortgage payments.
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