The hottest Foreclosures Substack posts right now

Delinquencies, foreclosures, and the dollar value of REO properties have risen year‑over‑year but remain low by historical standards.
Solid mortgage underwriting, widespread homeowner equity, and mostly fixed low rates make a large wave of foreclosures and cascading price declines unlikely.
Foreclosure starts and inventory increases warrant monitoring, but many borrowers can sell or restructure loans, so the overall situation looks manageable rather than crisis‑level.

Freddie Mac and Fannie Mae saw slight increases in single-family serious delinquency rates in December (Freddie 0.58%→0.59%, Fannie 0.57%→0.58%), but both remain low and at or below pre-pandemic levels.
Fannie’s delinquency issues are concentrated in older loan vintages — loans from 2004–2008 show much higher serious delinquency rates (about 1.4–2.0%) while 2009–2025 vintages are low (around 0.53%).
Fannie Mae’s multi-family delinquency rate is approaching housing-bust highs, and the report counts loans in forbearance as delinquent even though those loans aren’t reported to credit bureaus.

Household debt rose in Q4 2025, driven by increases in mortgage balances and higher credit card balances.
Delinquency rates edged up as more mortgages moved into 30–60 day late status and fewer loans cured back to current, while foreclosures increased slightly but remain below pre‑pandemic levels.
Mortgage originations show strong credit quality (median score ~775) with almost no new loans to borrowers below 620, reflecting much tighter underwriting than during the housing bubble.

Mortgage delinquencies rose in the fourth quarter of 2025 to a 4.26% rate, up about 27 basis points from the prior quarter and roughly 28 basis points year‑over‑year, while foreclosure starts held at 0.20%.
Delinquencies increased across conventional, FHA, and VA loans, with FHA showing the biggest deterioration — about 11.52% delinquent and a notable jump in 90+ day delinquencies and foreclosure inventory.
The rise appears linked to the expiration of pandemic-era FHA relief and uneven labor market conditions, and newer loan cohorts (2022–23) are struggling more than 2020–21 vintages, though improving FHA originations and moderating rates could help ease stress.

Mortgage originations are mainly going to people with high credit scores, showing stricter lending standards now compared to the past.
There has been a slight increase in people falling behind on their mortgage payments, which is something to keep a close eye on.
Foreclosures are still low overall, but they've seen a small rise likely due to the end of some temporary protections.

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Mortgage originations are mainly going to people with high credit scores now. In the past, many loans were given to people with lower scores during the housing bubble.
Foreclosures are currently low and below the levels before the pandemic. This decrease is a positive sign compared to previous years.
Some states are starting to see more cases of serious late payments, which could lead to an increase in foreclosures there. It's a reminder to watch the housing market closely.

We won't see a big increase in foreclosures like before. Most homeowners have good equity and stable mortgages, which helps them avoid financial struggles.
The number of properties owned by lenders remains low, indicating that fewer people are losing their homes. This is a good sign compared to past economic downturns.
Delinquency rates are decreasing, and most homeowners are able to keep up with payments. Even those in trouble can often find solutions to stay in their homes.