Foreclosure Filings Spike After CFPB Restrictions Expire

Foreclosure Filings Spike After CFPB Restrictions Expire

Industry Update
February 11, 2022

Source:  National Mortgage Professional

ATTOM’s January 2022 U.S. Foreclosure Market Report shows foreclosure filings were up 29% from a month ago and 139% from a year ago, with a total of 23,204 U.S. properties with foreclosure filings.

Lenders repossessed 4,784 U.S. properties through completed foreclosures (REOs) in January 2022, up 57% from last month and up 235% from last year, marking the seventh consecutive month with an annual increase in completed foreclosures.

For full report, please click the source link above.