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🚨 Fed pulls foreclosure protection

REOs up 45% and the backstop that was slowing them down is gone.

May 08, 2026
∙ Paid

The federal government just pulled the plug on the program that was keeping hundreds of thousands of homeowners out of foreclosure.

Foreclosure filings are already at their highest level in six years. 119,000 properties received a notice in Q1 2026 alone, up 26% year over year.

Completed foreclosures are up 45% year over year.


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More properties are now moving all the way through the process to repossession than at any point since before the pandemic.

The protection is gone and the filings are already moving.

🚨 The Federal Foreclosure Backstop Is Gone

📉 Insurance Premiums Are Up 64% Since 2021

⚖️ Foreclosure Auctions Hit a Six-Year High

🏦 KKR Flags Its Riskiest Loans and Cuts Its Dividend

🔑 An HOA President Stole $11 Million From 18,000 Residents

Video of the Week: Inflation Is Crushing Homeowners’ Equity in 2026

Chart of the Week: Increase in Homes With Foreclosure Filings

Podcast of the Week: How to Fail on Your First Rental Property


Trump Ends Federal Foreclosure Protection Measures

The federal backstop keeping distressed homeowners out of the foreclosure pipeline has been wound down.

Filings are at a six-year high and completed REOs are up 45% year over year.

Soaring Home Insurance Costs Add Pressure to Housing Affordability

Average homeowner premiums have climbed 64% since 2021.

The pressure is hitting hardest in markets where mortgage debt is already elevated, adding a second layer of carrying cost strain on owners already under pressure.

Which housing markets have the most—and least—mortgage distress right now?

Early-stage delinquencies have been rising since 2022, with the clearest stress showing up in Louisiana and Mississippi rather than the biggest pandemic boomtowns.

Federal Buildings Sell at Fire-Sale Prices

Federal office distress is turning into real disposition activity, but the lack of a coordinated redevelopment plan is creating risk around pricing, financing, and long-term value.

Residents Speak Out as HOA President Pleads Guilty in $11 Million Scam

An HOA president ran a sham vendor scheme across an 18,000-resident Miami community for four years.

Residents lost homes to fraudulent foreclosures while the board controlled access to financial records the law already required them to disclose.

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