Economy

mahatmakanejeeves

(70,501 posts) Mon May 4, 2026, 06:01 AM Yesterday

A Federal Housing Handout Has Ended. Foreclosures Will Follow.

Economy • Housing • Heard on the Street

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

By Carol Ryan
May 3, 2026 7:00 pm ET

https://images.wsj.net/im-4162303.jog
A coming wave of foreclosures and forced home sales might be bad news for U.S. home prices George Walker IV/Associated Press
A generous Biden-era subsidy that helped people who fell behind on their mortgage stay in their homes was recently scaled 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.

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A Federal Housing Handout Has Ended. Foreclosures Will Follow. (Original Post) mahatmakanejeeves Yesterday OP

They're slowly turning out the lights Haggard Celine Yesterday #1

Haggard Celine

(17,889 posts)

1. They're slowly turning out the lights

Reply to mahatmakanejeeves (Original post)

Mon May 4, 2026, 07:10 AM

Yesterday

and they're kicking everybody out of the building. Where do they want everybody to go? I don't think they like home ownership, at least not for us proles. I think they want everybody to rent and spend all of their money every month so that they can't save or get out of their unfortunate situation. They want a permanent underclass to do all of the unseemly things that they need done.

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