Foreclosures spike as banks lower the boom on homeowners
CBSN
Americans are losing their homes at a faster rate this year as banks make up for lost time after state and federal foreclosure bans expired.
Lenders repossessed nearly 96,000 properties during the first three months of 2023, up 22% from the same period last year, according to real estate data provider ATTOM. Foreclosures are especially surging in some states — Illinois had the nation's highest foreclosure rate last year at 1 in every 762 homes, followed by Delaware (1 in 812) and New Jersey (1 in 824).
Housing experts in Illinois pointed to the expiration of a foreclosure moratorium the state implemented during the pandemic as one factor behind the jump in people losing their homes. That "created a potential backlog of foreclosure activity," said Geoff Smith, executive director of DePaul University's Institute for Housing Studies in Chicago, noting that many households were technically in foreclosure while the ban was in place.
The House Republican bill to enact President Trump's domestic policy agenda contains a provision that has prompted opposition from the Mexican government — a tax on cash payments sent by non-U.S. citizens to family members in their home countries.
An American man who had been on the run for over two decades was arrested in Toronto earlier this year, police said.
Abu Dhabi, United Arab Emirates — President Trump said Friday that he's moving to set up direct talks with Russian President Vladimir Putin as soon as he can, after Putin opted to skip peace talks between Russia and Ukraine in Turkey.
Charter Communications has agreed to merge with Cox Communications in a $34.5 billion deal that will combine two of the top three cable companies in the U.S.
President Trump on Friday said his administration will send letters that inform other nations of the tariff rates the U.S. will impose on imports, adding that "it's not possible to meet the number of people that want to see us."
Apple has blocked access to the online game Fortnite on iPhone devices in the United States and the European Union, according to the video game maker.
Horse racing excitement is set to continue on Saturday night when the second part of the Triple Crown launches at Pimlico Race Course in Baltimore, Maryland. The Preakness Stakes, also known as the annual run for the Black-Eyed Susans, comes just two weeks after the season kicked off with the Kentucky Derby.
The judge overseeing Bryan Kohberger's upcoming quadruple-murder trial says he wants to identify anyone who may have violated a gag order by leaking information from the investigation to news organizations or anyone else not directly involved with the case.
Washington — House Republicans have yet to resolve several major disputes that threaten to derail President Trump's domestic policy bill as more conservative members and blue-state Republicans dig in on their demands.
The Preakness Stakes has a field of nine horses set to race in Baltimore on Saturday for the 2025 running of the middle jewel of horse racing's Triple Crown.
An undocumented immigrant who resides in Florida is facing a more than $1.82 million fine for failing to leave the country after receiving a removal order 20 years ago, CBS News has learned.
Former FBI Director James Comey has provoked an outcry from the Trump administration after he briefly posted a photo to Instagram that federal officials alleged was a call for violence against President Trump — a claim Comey pushed back on.
Increasingly, when lawyers take divisive political issues to court, they seek out federal jurisdictions where they hope to find judges sympathetic to their worldview. This phenomenon, known as venue shopping, has been employed by both sides of the political aisle, according to a new CBS News analysis of federal court data for cases seeking nationwide impact.