A Federal Housing Handout Has Ended. Foreclosures Will Follow.
A Biden-era program that prevented distressed borrowers from losing their homes has been rolled back
A jump in foreclosures is an early sign of the fallout. The number of U.S. homes with foreclosure filings rose 28% in March compared with a year ago, data from Attom shows. Foreclosures are still below 2019 levels, but probably not for long.