Foreclosure filings in the U.S. will reach a record for the second consecutive year, with 3.9 million notices sent this year to homeowners in default, according to RealtyTrac Inc. This year's filings will surpass 2008's total of 3.2 million as high unemployment and home price declines continue to hammer the market, the company said. Foreclosure filings exceeded 300,000 for the ninth straight month in November, it said. RealtyTrac is based in Irvine, Calif.
This was the second acquisition Luminate's mortgage arm has made since the start of 2025. The bank bought NJ Lenders Corp. in April of last year.
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
A group of community development financial institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.
A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.
May's 15,855 actions are the least since September 2025, when Fannie Mae and Freddie Mac had 15,550 loans modified, forborne or otherwise dealt with, FHFA said.
The government-sponsored enterprise oversight chief said his agency is focusing on select fees applied to mortgages that lenders sell to Fannie and Freddie.
