Foreclosure Prevention Up, Consumer Confidence Down
In Q1 2025, Fannie Mae and Freddie Mac helped prevent over 60,000 foreclosures, contributing to a total of 7.1 million actions since 2008. Forbearance activity continues to decline, with only 0.13% of loans in forbearance. However, foreclosure starts and sales saw slight increases, especially in Florida, California, and Texas. On the consumer side, confidence dropped by 5.4 points in June, reflecting growing concerns about the economy. Additionally, new home construction has fallen to its lowest level in five years, signaling ongoing challenges in the housing market.
