Monthly Insights

NPPC 2025 took center stage in Washington D.C. November 17-19.  Now in its 21st year, the conference has established itself as a preeminent platform dedicated to promoting innovation and excellence in property preservation.

ATTOM released the Q4 Vacant Property and Zombie Foreclosure Report, showing about 1.4 million homes in the U.S. were vacant.

ATTOM released the October 2025 U.S. Foreclosure Market Report, showing foreclosure filings up 3% from a month ago and up 19% from last year.

ATTOM released the complete ranking of zombie foreclosures by state for Q4 of 2025, including each state’s share of zombie properties.

ATTOM released the complete ranking of foreclosures rates by state for October 2025. The state ranked highest in October was Florida.

The Calhoun County Land Bank Authority is celebrating the completion of its first rehab project funded through the State Land Bank’s Blight Elimination Grant.

David Richardson, the acting chief of FEMA, will step down after hurricane season following public controversy and internal frustrations.

ICE Mortgage Technology released the October 2025 First Look report covering mortgage delinquency, foreclosure, and prepayment trends.

Last week, the city, the city’s school district and the county signed an agreement allowing the Pittsburgh Land Bank a priority bid on properties during a sheriff’s sale.

The Livingston County Land Bank Corporation has redeveloped a previously vacant property in Dansville into an affordable home.

According to MBA’s National Delinquency Survey, the delinquency rate for mortgage loans increased to 3.99% in the third quarter of 2025.

President Trump has nominated top aide Russ Vought to be the permanent head of the Consumer Financial Protection Bureau (CFPB).

The Senate Committee on Banking, Housing, and Urban Affairs voted to advance President Trump’s nominees to fill senior positions at FHA and Ginnie Mae.

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Investor News

From Washington D.C.

Senate Committee Advances Trump Nominees to Lead FHA, Ginnie Mae

The Senate Committee on Banking, Housing, and Urban Affairs voted to advance four nominees of President Donald Trump to fill senior positions across the U.S. Department of Housing and Urban Development (HUD), U.S. Department of the Treasury and Federal Deposit Insurance Corp. (FDIC).

Frank Cassidy, who has served as principal deputy assistant secretary at HUD since April, passed in a nearly party-line vote, 14 to 10, for his nomination to become FHA commissioner and assistant secretary of housing. Sen. Mark Warner, D-Va., was the sole Democratic member to join Republicans in advancing his nomination.

Cassidy, who has been overseeing the Office of Housing and the $1.75 trillion mortgage insurance portfolio of the Federal Housing Administration (FHA), will now advance to a full Senate vote.

Joseph Gormley, Trump’s nominee to be the next president of government-owned mortgage aggregator Ginnie Mae, passed along party lines in a vote of 13 to 11, with nine of the 11 Democratic members casting their opposition votes in absentia.

Mortgages insured by the Department of Veteran Affairs or FHA comprise most of the loans securitized by Ginnie Mae, but its issuance also supports housing finance provided through HUD’s Office of Public and Indian Housing and the U.S. Department of Agriculture’s Rural Housing Service.

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One Community, Across the Nation

Blighted to Brand New: Land Bank Authority Celebrates Completed Rehabilitation Project

The Calhoun County Land Bank Authority is celebrating the completion of its first rehabilitation project funded through the State Land Bank’s Blight Elimination Grant.

The grant consists of $5.5 million over two rounds and will cover eight rehabilitation projects in total, including the completed project along with seven additional ones.

Industry Alerts

Prop Pres Industry News

U.S. Foreclosure Activity Posts Eighth Straight Month of Year-Over-Year Increases

ATTOM, a leading curator of land, property data, and real estate analytics, today released its October 2025 U.S. Foreclosure Market Report, which shows there were a total of 36,766 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — up 3 percent from a month ago and up 19 percent from a year ago.

In the News

Industry Conversations

FEMA Chief Steps Down

The embattled acting chief of the Federal Emergency Management Agency will step down after hurricane season following months of public controversy and internal frustration.

NPPC 2025

That's a wrap!

NPPC 25 Takes Center Stage in D.C.

The 2025 National Property Preservation Conference (NPPC), hosted by Safeguard Properties, commenced a few weeks ago at the MGM Grand Hotel in Washington, D.C. Now in its 21st year, NPPC has established itself as a preeminent platform dedicated to promoting innovation and excellence in property preservation. The conference convenes industry professionals, government officials, and community stakeholders to present the most recent strategies and techniques for maintaining and rehabilitating residential and commercial properties.