Foreclosure sales inched another notch up as credit issues in the broader consumer credit market rose to a new level, according to the respective findings in two new August reports. Sales of foreclosure properties in ICE Mortgage Technology’s latest First Look report ran 22.52% ahead of last year’s rates and crept up by 0.55% on the month.
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Application gains slowed to a crawllast week after soaring earlier as fixed rates that dominate the market experienced a more subdued decline. Mortgage applications increased 0.6% following a 29.7% jump for the week ending Sept. 12, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
The title industry saw premium volume and profits both head higher with only a mild drift upward in claims during the second quarter, sustaining a turnaround insurers began to see last year. Insurers reported $4.5 million in premium volumes between April and June 2025, with the total rising approximately 9.8% from one year earlier.
Loandepot pushed back against a lawsuitaccusing it of violating the loan officer compensation rule, alleging the court case is full of threadbare allegations. Five borrowers sued the lender in July, claiming they were steered to higher rates via a long-running scheme in which loan officers who did not participate faced punishment.
