Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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01/30/26

Mr. Cooper faces lawsuit over alleged loan modification billing error
Borrower claims servicer kept billing old rate—and never responded to inquiries Mr. Cooper is facing a federal lawsuit alleging it billed a borrower at the wrong interest rate after failing to update a loan modification. The case, filed January 28 in the United States District Court for the Southern District of Florida, puts a spotlight on something every mortgage servicer knows matters but sometimes gets lost in the shuffle: making sure successive loan modifications actually show up correctly on billing statements.

01/28/26

Court of Appeal Upholds Retroactive Application of FAPA
Major legal and legislative victory following a landmark decision issued on November 25, 2025, by the New York Court of Appeals November 26, 2025 Senator James Sanders Jr. Applauds Major Court Victory as New York Court of Appeals Upholds Retroactive Application of the Foreclosure Abuse Prevention Act

01/26/26

ICE First Look at Mortgage Performance: Increased Refinance Activity Drives Mortgage Prepayments Back Toward 3.5-Year High
ATLANTA & NEW YORK--(BUSINESS WIRE)--ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released the December 2025 ICE First Look at mortgage delinquency, foreclosure and prepayment trends. “December’s numbers show that lower interest rates drove refinance activity and prepayments to near multi-year highs,” said Andy Walden, Head of Mortgage and Housing Market Research at ICE. “At the same time, there was a divergence in delinquency trends, with early-stage delinquencies improving and late-stage delinquencies continuing to rise. Foreclosure activity also increased, driven mainly by FHA and VA loans.” Key takeaways from this month’s findings include:

01/23/26

Responsible Use of AI in Mortgage Servicing, Part 3
Strategic Recommendations for Leaders To successfully implement AI across the mortgage servicing lifecycle in a responsible and compliant manner, it is recommended that servicing executives focus on a core set of strategic actions and governance practices. These key recommendations will help ensure that AI innovation is responsible, transparent, and aligned with regulatory expectations:

01/17/26

The Securitized Land Theft Machine - Mortgage Foreclosure Fraud and Financial Gain
This book exposes widespread mortgage foreclosure fraud orchestrated by banks, courts, and title companies, detailing various fraudulent practices and providing strategies for individuals to reclaim their property. It emphasizes the importance of understanding legal frameworks and offers tactical approaches for challenging unlawful debt enforcement. The author encourages sharing this knowledge freely to empower others and advocates for public exposure of systemic misconduct alongside individual legal action. Original Description The Securitized Land Theft Machine exposes how foreclosures and everyday mortgages are driven by hidden securitization, defective title chains, and court-enabled enforcement that benefits banks over homeowners. It explains how notes are converted into financial instruments, how standing is manufactured, and how borrowers can lawfully challenge false claims, correct status, and interrupt wrongful property seizures.

01/15/26

Will Fannie and Freddie’s bond-buying spree derail IPO plans?
Last week, during an appearance on CNBC, Bill Pulte said a decision on whether to sell shares in government-sponsored mortgage investors Fannie Mae and Freddie Mac through an initial public offering would likely be made “in the next month or two.” Pulte, who serves as both board chairman at Fannie and Freddie and director of their regulating body, the Federal Housing Finance Agency (FHFA), added that the final determination regarding an IPO lies “entirely” with President Donald Trump. Later that day, Trump made a major announcement on social media: He had instructed his “representatives” to buy $200 billion in mortgage-backed securities (MBS), a move designed to lower mortgage rates and improve housing affordability. A few hours later, Pulte confirmed in an X post that Fannie and Freddie would be making the purchases.

01/13/26

The Federal Reserve’s $420 Billion Wall Street Bailout
Massive, unprecedented payouts from the New York Federal Reserve could signal that big banks are seriously short on cash.

01/07/26

Report Identifies Top 10 Riskiest U.S. Housing Markets
A recent analysis by ATTOM of housing risk shows that 16 of the 50 highest-risk markets are in California, followed by nine in New Jersey, four in Florida, and three each in Arizona and Texas. The report, Q3 2025 U.S. Housing Risk Report, highlights county-level housing markets that were more or less vulnerable to declines in Q3 2025, based on home affordability, equity levels, and other key indicators, including the share of seriously underwater mortgages, foreclosure activity, and county unemployment rates. According to the report, California leads the list of highest-risk counties. Butte County, California; Humboldt County, California; Charlotte County, Florida; Shasta County, California; and El Dorado County, California were identified as having the highest housing market risk, ATTOM said. Each of those counties posted unemployment rates of 5.1% or higher and recorded at least one foreclosure for every 806 homes, the analysis said.

01/05/26

Adjustable-Rate Mortgages Caused Trouble in 2008. They’re Worrying Experts Again
As the country reemerged from the coronavirus pandemic lockdown in 2021, when the COVID-19 vaccine finally arrived, TikTok reached 1 billion downloads and Adele finally released new music — the housing market also saw its own interesting development. That year, banks offered some of the lowest interest rates seen in over a decade for a type of housing loan known as an adjustable-rate mortgage. If that term sounds familiar but you can’t place exactly where it’s from, think way before COVID-19 and TikTok. Think 2008 — interestingly enough, when Adele released her first album. Adjustable-rate mortgages (or “ARMs” for short) made headlines back then for comprising a big chunk of the foreclosures that brought down the housing market. An ARM, to be more precise, is a loan with a monthly interest rate that stays fixed for an initial amount of time — there are options for five, seven and even 10 years. But unlike the more conventional 15- or 30-year fixed mortgage, an ARM’s rate will change after that first period — up or down, depending on where the housing market is then — and keep changing periodically until the borrower pays off the loan.

01/03/26

Zombie mortgages threaten homeowners as debt collectors profit
US Sen. Elizabeth Warren of Massachusetts has sought documentation related to loans forgiven under a $25 billion national mortgage settlement that targeted foreclosure practices and other mortgage abuses by banks after the 2008 financial crisis. Some of these loans — known as zombie mortgages — were reportedly sold to debt buyers for pennies on the dollar, despite many homeowners having received tax forms years earlier indicating the debts had been canceled. “These zombie mortgages arise from second mortgages or HELOCs that homeowners believed were canceled in the wake of the Great Financial Crisis,” says Joel Berner, senior economist at Realtor.com®. “The original lenders stopped collecting payment on them, but when they are sold to debt purchasers, they ‘come back to life’ and homeowners are faced with bills they didn’t expect or even the threat of foreclosure. “This adds uncertainty to the prospect of homeownership, which is already an affordability challenge for many.” Collection agencies reportedly broke consumer protection laws Some collection agencies regularly broke consumer protection laws by charging years of back interest on these zombie mortgages for periods when no statements had been issued, according to a report by Bloomberg.

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