Daily News related to the Foreclosure Crisis

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05/30/26

Home Foreclosures Skyrocketed 26% in Q1 — But It’s Not Why You Think
For years, the American housing market has operated on a simple assumption: if mortgage rates eventually fall, affordability problems will ease and homeowners will regain their footing. That logic helped fuel optimism throughout 2025 as the Federal Reserve signaled rate cuts and the average 30-year mortgage rate drifted below last year’s highs. But the latest foreclosure data suggests something deeper is going wrong. According to ATTOM’s Q1 2026 Foreclosure Market Report, foreclosure filings jumped 26% year over year to 118,727 properties -- the highest level in six years. March alone saw 45,921 filings, up 18% from February and 28% higher than a year earlier.

05/26/26

ICE First Look at Mortgage Performance: Delinquencies Hold Steady in April as Cures Rebound for the Second Consecutive Month
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets, today released the April 2026 ICE First Look at mortgage delinquency, foreclosure and prepayment trends. “Mortgage performance remained broadly stable from March to April, with the overall share of past-due loans unchanged and below pre-pandemic levels,” said Andy Walden, Head of Mortgage and Housing Market Research at ICE. “At the same time, the annual increase in past due loans continues to be concentrated in later-stage delinquencies, while early-stage delinquencies remain below last year’s levels, suggesting that most homeowners continue to stay on track. Cure activity has also rebounded over the past two months, though it remains below year-ago levels, making it important to monitor in the months ahead.”

05/26/26

Pappas Demands VA Establish Foreclosure Moratorium for Veterans Put at Risk of Losing Their Homes
Pappas to VA: “If a veteran has a reasonable opportunity to have their home saved through the PCP under development, it would be cruel to foreclose on that veteran today.” Today Congressman Chris Pappas (NH-01), a member of the House Veterans’ Affairs Committee (HVAC) and Ranking Member of the Subcommittee on Economic Opportunity, led 27 of his colleagues in calling on the Department of Veterans Affairs (VA) to immediately implement a targeted foreclosure moratorium for veterans with mortgages guaranteed under the VA Loan Guaranty Program.

05/24/26

The Liquidity Squeeze In FHA Servicing
The long tail of loss mitigation is now coming into view as FHA’s post-pandemic relief tools give way to repeat defaults, exhausted options, and a swelling foreclosure pipeline

05/19/26

Alabama court guts U.S. Bank REO sale in wrong-house mortgage servicing blunder
A botched REO sale just cost U.S. Bank and SN Servicing a six-figure judgment after they sold a buyer the wrong house. The mix-up started with a foreclosure in Shelby County, Alabama. Elizabeth Ellison had taken out a loan back in 2007, secured by a mortgage on a Shelby County property. The loan eventually landed with U.S. Bank Trust National Association, as trustee of the Igloo Series IV Trust, with SN Servicing Corporation handling it. Ellison fell behind, and in April 2022, U.S. Bank picked up the property at a foreclosure sale. The foreclosure deed identified the address as 77 Wildwood Chapel Road in Columbiana. Here is where things got messy.

05/18/26

Mortgage servicer agrees to $9M class settlement over ‘pay-to-pay’ fees in North Carolina
On May 6, the plaintiff in a certified class action in the U.S. District Court for the Middle District of North Carolina moved, and filed a supporting memorandum, for preliminary approval of a $9 million settlement with a mortgage loan servicer over allegations that the servicer charged borrowers fees of up to $15 to make mortgage payments by phone or through an interactive voice response (IVR) system (commonly known as “pay-to-pay” fees), even though the actual cost of processing such payments was alleged to be less than $0.50 per transaction.

05/15/26

Deutsche Bank splits four foreclosure rulings as timing, evidence bite lenders
Four recent foreclosure rulings against Deutsche Bank show how small slips on timing, notices, and servicer affidavits can sink a lender's case. The three New York decisions were handed down on May 13, 2026, and the Georgia ruling came on March 5, 2026. They land at a tricky moment for foreclosure work, especially in New York, where the Foreclosure Abuse Prevention Act keeps tightening the screws on lenders. Here is what happened, and what it means for you.

05/15/26

U.S. Foreclosure Rates by State – April 2026
What Is the Current Foreclosure Rate in the U.S.? In April 2026, U.S. foreclosure activity declined from the prior month but remained higher than levels reported one year earlier, continuing a gradual normalization trend in the housing market. Total filings: 42,430 properties with default notices, scheduled auctions, or bank repossessions Monthly change: Down 8 percent from March 2026 Year-over-year change: Up 18 percent from April 2025 National rate: One in every 3,388 housing units had a foreclosure filing States with the worst foreclosure rates: Delaware, South Carolina, Florida, Indiana, Illinois

05/12/26

New California Foreclosure Law Helps Homeowners Protect Equity
IRVINE, CA, UNITED STATES, May 12, 2026 /EINPresswire.com/ -- Lawyers Realty Group is highlighting a new California foreclosure protection that may give qualifying homeowners additional time to protect home equity before a trustee’s sale. The law, created by AB 2424 and now reflected in California Civil Code § 2924f, allows certain homeowners to seek a 45-day postponement of a trustee’s sale when the property has been properly listed for sale and required notices are served. For homeowners with equity, that additional time may create an opportunity to pursue a market-based sale rather than lose the property through foreclosure.

05/04/26

Foreclosure rates climb to six-year highs as cities in one region hit the hardest
Foreclosure rates shot up at the start of 2026 but experts say the trend isn’t worrisome… yet. Some 118,727 properties were in foreclosure nationwide during the first three months of 2026 - up 26 percent from a year ago and the highest number since 2020, a recent report from housing data and analytics firm ATTOM revealed. States with the highest foreclosure rate - number of homes in foreclosure versus total number of homes - were Indiana (1 in 739), followed by South Carolina (1 in 743), Florida (1 in 750), Delaware (1 in 757) and Illinois (1 in 833), according to the report. For cities with at least 200,000 people, the South was hit hardest. Two Florida cities, Lakeland and Punta Gorda, had the two highest foreclosure rates in the country, followed by Columbia, South Carolina; Fayetteville, North Carolina; and Macon, Georgia, ATTOM reported. Foreclosure starts - the number of homes that began the process at a given time, were up 20 percent from a year ago.

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