Distressed

As the housing market cools, a rise in delinquency rates and underwater mortgages could be a foreboding sign for the future.

Foreclosure prevention at the government-sponsored enterprises and Federal Housing Administration is less expensive than the alternative, two studies show.

While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore's monthly credit gauge said.

Foreclosure activity surged in the first quarter, underscoring the growing need for borrower support as certain federal protections expired.

The maximums for attorney costs related to foreclosures, mediation and bankruptcy proceedings have risen, according to the government-sponsored enterprise.

Filings rose at the start of 2025 following the end of a federal foreclosure moratorium, but new numbers from Attom suggest normalization of certain trends.

As the Trump Administration looks for savings in the bloated federal housing complex, the most obvious opportunity is to return defaulted assets to the private sector, writes the chairman of Whalen Global Advisors.

Loans with alternative documentation and high combined loan-to-value ratios had more performance concerns, according to a new KBRA study.

Industry representatives indicated changes to the requirements that give servicers more leeway would be helpful to more moderate-sized companies in particular.

The mortgage player argues its servicing arm Shellpoint isn't subject to, nor did it violate lending laws including the Truth in Lending Act.

Uncover the key reasons why lenders should care about liner failures and how environmental risks can derail loan performance when ignored during review.

Demand is brisk enough that zombie home counts have stayed low, according to Attom, which is nevertheless keeping an eye on rising distressed mortgage activity.

Despite interest rate volatility, prepayment rates also increased, surging to levels last seen in October, according to a new ICE Mortgage Technology report.

The move comes as the House of Representatives passed a successor bill this week to support distressed homeowners served by the Department of Veterans Affairs.

The rule rescission, one of many the Consumer Financial Protection Bureau is planning, would officially remove temporary steps for mortgages added in 2021.

The government-sponsored enterprise is retiring a technology platform used for loan workout reporting and giving mortgage companies a deadline for leaving it.

Numbers jumped after the expiration of a moratorium at the end of 2024, but rates of foreclosure rose across all loan types, the Mortgage Bankers Association said.

The tool's launch comes as various sources report growth in both serious borrower delinquencies and foreclosure activity over the first few months of 2025.

Completed foreclosure sales reach their highest level since the second quarter of 2023, with a 20% quarter-to-quarter increase, Auction.com said.

The Wisconsin class action would retroactively award relief to some former homeowners and comes two years after a Supreme Court ruling in a similar case.