Mortgage Stress Remained Contained in May as Rates Cut Refinancing
FHFA data show fewer foreclosure starts and stable serious delinquency in May, while higher rates reduced refinancing and narrowed payment-relief options.
FHFA data show fewer foreclosure starts and stable serious delinquency in May, while higher rates reduced refinancing and narrowed payment-relief options.
U.S. foreclosure filings rose 21% in the first half of 2026, but the increase reflects a gradual normalization of mortgage distress—not a return to 2008.
Oakland voters will decide November 3 whether to narrow the city’s foreclosure-transfer-tax exception; the current city analysis estimates $10.4 million to $13.8 million in first-year revenue if it passes.