Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

 Date

Article

Articles are added weekly 

Source

  Comment

11/30/25

The "Right Answer" and the Corrupt Courts
To the average homeowner, the “right answer” appears to be “fraud at all levels”. The banks, their servicers and their lawyers (and MERSCORP) all figured this out ahead of time when they started manufactured, falsified assignments of mortgages and deeds of trust and then caused these “assignments” to be recorded in lands records across America to give the appearance of a legitimate transfer of a loan that never happened. The bigger picture however is … homeowners haven’t figured out they were the creditors in the first place and how the accounting system works. If they had … there would be no foreclosure crisis. The banks (at present) are doing everything in their power to keep the crisis silent. But the crisis is there and it’s growing. The idea is to not sit idly by and watch the foreclosure process come to a head and pop like a giant zit! THE REAL NARRATIVE IS AMAZING …

11/22/25

Foreclosures Soar 20% As People Struggle To Pay Their Mortgages — Some Think It'll Be 2008 All Over Again. 'I've Seen This Movie Before...I Know How It Ends'
Foreclosure numbers just posted their strongest jump in months, and the latest figures have homeowners, would-be buyers, and online spectators taking another hard look at the housing market. New data from ATTOM shows 36,766 foreclosure filings in October, almost a 20% increase year-over-year, along with a 32% rise in completed foreclosures. Several states—Florida, South Carolina, and Illinois among them—reported some of their highest rates since the pandemic-era boom fizzled. That surge caught the attention of a user in r/HouseBuyers, who shared a Daily Mail report on the trend. Their caption struck the tone immediately: "I've seen this movie before and I know how it ends." For anyone old enough to remember 2008 without Googling it, the sentiment was recognizable. The post didn't need theatrics; the data did most of the talking.

11/20/25

What’s Driving Foreclosures Higher? Government-Backed Loans
Key Takeaways:

• Foreclosure activity rose in the third quarter, led primarily by government-backed Federal Housing Administration loans that are generally used by first-time homebuyers.
• FHA loans are designed for low- and moderate-income homebuyers, who often are purchasing less expensive properties.
• Analysts said the data is another indication of a divergence between upper- and lower-income earners.

11/18/25

The Next Foreclosure Crisis Has Arrived
While President Donald Trump is scrambling to try to fix all of the economic problems he’s caused with his own policies, many American families may be heading toward a disaster. And the proximate cause may end up being not what the administration has done, but what it’s not doing.

11/18/25

Major lenders hit with lawsuit over alleged predatory lending practices
Big mortgage names are under scrutiny in Pennsylvania, where a new federal case filed on November 13, 2025, accuses lenders and servicers of predatory practices and unfair treatment of borrowers. The story starts in 2001, when Irene Murphy and the late Willie Mitchell took out a $26,400 loan to fix up their Philadelphia home. They say they were promised straightforward, fixed payments over thirty years. But as the years went by, the numbers didn’t add up. According to their filing, the couple ended up paying nearly $70,000 to PHH Mortgage over almost two decades—yet the loan balance, they discovered, was still more than $21,000. The suit names Delta Funding Corporation, Wells Fargo Bank, PHH Mortgage, and Ocwen Loan Servicing, LLC, along with mortgage brokers McGlawn & McGlawn, Inc. and McGlawn Mortgage Co., Inc. The borrowers claim they were never told about variable interest rates, hidden penalties, or mounting fees. They also allege that the brokers misrepresented their relationship with Delta Funding and failed to explain the true cost of the loan.

11/17/25

New York court dismisses Municipal Credit Union foreclosure over missed deadline
A New York court has ruled that standard settlement conference rules don’t apply in foreclosure cases when the borrower is already deceased. On November 13, 2025, the Appellate Division, First Department, decided Municipal Credit Union v Thomas – a case that matters for anyone handling foreclosures involving estates. Here’s how it unfolded and why it’s important for mortgage professionals.

11/14/25

Foreclosures Are Surging Under Donald Trump
Foreclosure activity in the U.S. is on the rise in 2025, a notable shift that begins to undo a decade of relative stability. According to the property‑data and analytics firm ATTOM, 36,766 properties had a foreclosure filing in October, marking a three percent rise from September, a 19 percent jump over the past year, and the eighth consecutive month of annual increases. Why It Matters While the numbers remain low in a historic context, and experts say these pale in comparison to levels seen during the housing crisis, the increase comes amid broader signs of financial stress across the economy, including record-high household debt, rising car repossessions, and surveys revealing widespread financial pessimism. What To Know In addition to filings, ATTOM found that foreclosure starts rose six percent on-month and were up 20 percent compared to 2024, while completions increased two percent in October, and 32 percent year-over-year.

11/14/25

New law clarifies homeowner foreclosure protections provided by mortgage servicers
The California Homeowner Bill of Rights (HBOR) was signed into law in 2012 at the tail-end of the foreclosure crisis that forced over a million California households out of their homes. The HBOR guarantees qualified homeowners facing foreclosure a meaningful opportunity to obtain a mortgage modification and keep their homes. [Calif. Civil Code §2923.4] This new law, passed under Senate Bill 1146, builds upon the HBOR, clarifying and underscoring certain protections while letting mortgage servicers off the hook for others.

11/13/25

U.S. Foreclosure Activity Posts Eighth Straight Month of Year-Over-Year Increases
Foreclosure Starts Up 20 Percent Year Over Year; Completed Foreclosures Up 32 Percent Year Over Year IRVINE, Calif. — November 13, 2025 —ATTOM, a leading curator of land, property data, and real estate analytics, today released its October 2025 U.S. Foreclosure Market Report, which shows there were a total of 36,766 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — up 3 percent from a month ago and up 19 percent from a year ago. “Foreclosure activity continued its steady upward trend in October, the eighth straight month of year-over-year increases. Starts rose nearly 20 percent, while completed foreclosures were up 32 percent from last year,” said Rob Barber, CEO at ATTOM. “Even with these increases, activity remains well below historic highs. The current trend appears to reflect a gradual normalization in foreclosure volumes as market conditions adjust and some homeowners continue to navigate higher housing and borrowing costs.” States with the worst foreclosure rates were Florida, South Carolina, and Illinois Nationwide, one in every 3,871 housing units had a foreclosure filing in October 2025. States with the worst foreclosure rates were Florida (one in every 1,829 housing units with a foreclosure filing); South Carolina (one in every 1,982 housing units); Illinois (one in every 2,570 housing units); Delaware (on in every 2,710 housing units); and Nevada (one in every 2,747 housing units).

11/14/25

HELOC, Meeting Software, MSR Valuation Tools; M&A for Servicing; Extension Cost Primer; Freddie and Fannie Price Fixing?
I always wonder, when I see two gas stations near each other in a small town, if the owners agree on pricing and share information. But when you’re dealing with trillions of dollars of mortgages and millions of borrowers, well, that’s a different scale, and the leader and boards of directors should be held responsible if the news is correct. Per the AP, “A confidant of Bill Pulte, the Trump administration’s top housing regulator, provided confidential mortgage pricing data from Fannie Mae to (Freddie Mac), alarming senior officials of the government-backed lending giant who warned it could expose the company to claims that it was colluding with a rival to fix mortgage rates. CEOs report to boards, and some are saying that if Mr. Pulte and the Fannie and Freddie boards want to be relieved of their duties, they should have just resigned. And if nothing of consequence happens, what does that say about the housing finance system in the U.S.?

11/10/25

Rhode Island Supreme Court rules on foreclosure without original note
Losing a promissory note won’t stop a foreclosure in Rhode Island, the state’s Supreme Court ruled on November 6, 2025 – clarifying the rules for mortgage professionals. In January 2006, Wayne A. Mallory signed a promissory note for a $28,000 loan from Sovereign Bank, secured by a second mortgage on property at 21B Waterview Drive, Smithfield, Rhode Island. The mortgage named the Mallorys as borrowers, Sovereign Bank as lender, and Mortgage Electronic Registration Systems, Inc. (MERS) as mortgagee, acting as nominee for the lender and its successors and assigns. After a series of assignments, Porch Swing Holdings LLC became the holder of the second mortgage. It is undisputed that the original promissory note was lost and that Porch Swing Holdings never possessed it. On May 27, 2022, Porch Swing Holdings filed a verified complaint in Providence County Superior Court, seeking to foreclose after Mallory failed to make timely principal and interest payments, resulting in default.

11/07/25

ATTOM: Vacancy, Zombie Foreclosure Rates Down
ATTOM, Irvine, Calif., released its Q4 2025 Vacant Property and Zombie Foreclosure Report, finding that 1.32% of residential properties in the U.S. were vacant. That amounts to about 1.4 million homes. That’s down slightly from 1.33% in Q3. There are 228,943 residential properties in the process of foreclosure, and about 3.25%, or 7,448, are deemed “zombie” properties. That’s down from 3.38% in the previous quarter. ATTOM defines a zombie property as one that has been abandoned by its owner prior to the conclusion of the foreclosure proceedings. “These continuously low vacancy rates that the nation has held steady at around 1.4% for nearly four years, show that record high prices haven’t dampened the demand for homes,” said Rob Barber, CEO of ATTOM. “It’s a good sign for local housing markets that even as we’ve seen foreclosure filings increase, the rate of homes in foreclosure that are abandoned is going down.”

11/04/25

Borrower sues PRMI, claims lender wrongly rejected payments and threatened foreclosure
A Florida homeowner is taking on a national mortgage lender, alleging it wrongly rejected payments and threatened foreclosure despite years of on-time payments. Victoria Rohn, a resident of West Palm Beach, has filed suit in federal court against Primary Residential Mortgage, Inc. (PRMI), claiming the company repeatedly mishandled her home loan and ignored clear evidence that she was never in default. The case, filed on October 29, 2025, in the Southern District of Florida, offers a close look at the challenges that can arise when servicing disputes escalate between borrower and lender.

11/07/25

New York court blocks Nationstar Mortgage from reviving stalled foreclosure case
A New York court just shut down lenders’ ability to revive foreclosure cases after missing key deadlines. On November 5, 2025, the Appellate Division, Second Department, handed down a decision in Nationstar Mortgage, LLC v. Oliveri that’s set to change how lenders approach foreclosure timelines in the state. If you’re in the mortgage business, this one’s worth your attention.

copyright MSFraud.org