FHA loan delinquencies are surging—could this trigger a new foreclosure wave in the housing market?
In this market update, we break down why FHA loans now represent a huge share of serious delinquencies (90+ days past due), even though FHA is a small slice of total mortgages. We’ll cover the latest signals from industry data on severe delinquencies, rising defaults, and collapsing “cure rates,” plus what changed in FHA loss mitigation rules that may be making it harder for borrowers to get back on track.
For real estate agents, brokers, lenders, and investors, this matters because FHA is a major pipeline for first-time homebuyers. If delinquencies keep rising, it can impact listings, REO/foreclosure inventory, pricing pressure in certain ZIP codes, and how you advise buyers and sellers.
Subscribe for weekly real estate news, hit the bell, and comment: are you seeing more FHA stress in your market?
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Can “pop in housing demand” last? Are home prices going up? Why are the prices of houses going up? Housing market news. Average house prices Salt Lake City.
Zillow has filed a new federal antitrust lawsuit accusing real estate brokerage Compass and the Midwest Real Estate Data (MRED) multiple listing service of colluding to restrict or “hide” home listings from public search platforms like Zillow.
What Zillow is alleging
According to the complaint filed in federal court in Chicago:
Compass and MRED coordinated to expand “private” or “hidden” listing networks that keep some homes off public-facing platforms.
Zillow says they pressured it to display Compass-controlled private listings nationwide as a condition for continued access to key MLS listing data.
Zillow also claims the defendants threatened to cut off Zillow’s access to Chicagoland MLS data unless it complied.
The company argues this amounts to a “group boycott” and illegal collusion under the Sherman Antitrust Act.
Core dispute
At the center of the case is a broader industry fight:
Zillow supports full transparency, where listings appear broadly and quickly across platforms.
Compass promotes a “private listing / phased marketing” strategy, where homes may first be shared privately before going public.
MRED (a major Chicago-area MLS operator) is accused of helping extend that private-listing model and using its data control as leverage.
Zillow says this system:
limits buyer visibility,
reduces competition,
and ultimately harms sellers and buyers by restricting access to listings.
Why it matters
This isn’t just a corporate spat—it reflects a larger battle in U.S. real estate over:
who controls listing data (MLSs vs. portals like Zillow),
whether “off-market” listings are anti-competitive or seller-friendly,
and how transparent home search should be in the digital age.
The dream Wall Street REITs had of owning vast swathes of purposely built single-family rental communities, stretching as far as the eye could see, has hit a
Millions of homeowners are clinging to their pandemic-era mortgage rates like castaways clutching driftwood. That stubbornness is resetting the rulebook for
Prices rose 0.32% last month on a seasonally adjusted basis, equal to a 3.9% annualized rate, according to ICE Mortgage Technology's mortgage monitor report.
Visit Mountain Lake Realty's profile on Zillow to find ratings and reviews. Find great Scottsdale, AZ real estate professionals on Zillow like Mountain Lake Realty of Mountain Lake Realty
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Sales of previously occupied US homes were essentially flat in April, another lackluster showing for the housing market during what’s traditionally its busiest time of the year.
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