Technology

FORECLOSURE FILINGS DIP MONTH-OVER-MONTH WHILE ANNUAL TREND CONTINUES UPWARD

Published

2 months ago

June 11, 2026

Foreclosure Starts Increase 13 Percent Year Over Year; Completed Foreclosures (REOs) Rises 6 Percent Annually

IRVINE, Calif., June 11, 2026 /PRNewswire/ — ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, today released its May 2026 U.S. Foreclosure Market Report, which shows there were a total of 40,355 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — down 5 percent from a month ago and up 14 percent from a year ago.

“While foreclosure activity eased from April levels, the broader trend remains one of gradual year-over-year growth,” said Rob Barber, CEO at ATTOM. “Foreclosure starts and completed foreclosures both increased compared to last year, reflecting ongoing pressure on some homeowners as elevated mortgage rates, rising ownership costs, and affordability constraints persist. At the same time, foreclosure volumes remain well below historical norms, indicating that the housing market continues to show resilience despite these challenges.”

Florida, South Carolina, and Maryland post worst foreclosure rates in May
One in every 3,562 housing units nationwide had a foreclosure filing in May 2026. Florida recorded the worst foreclosure rate in the country, with one in every 2,110 housing units with a foreclosure filing. South Carolina ranked second (one in every 2,287 housing units), followed by Maryland (one in every 2,369 housing units), Nevada (one in every 2,386 housing units), and Indiana (one in every 2,516 housing units).

Among metro areas with populations of 2 million or more, Cleveland, OH recorded the worst foreclosure rate in May 2026, with one filing for every 1,524 housing units. Following Cleveland were Baltimore, MD (one in every 1,804); Tampa, FL (one in every 1,878); Riverside, CA (one in every 1,980 housing units); and Orlando, FL (one in every 2,034).

Texas, Florida, and California top nation in foreclosure starts
Lenders initiated the foreclosure process on 27,304 U.S. properties in May 2026, down 4 percent from the previous month but up 13 percent from a year ago.

Texas led the nation in foreclosure starts in May 2026 (3,590 foreclosure starts); followed by Florida (3,315 foreclosure starts); California (2,530 foreclosure starts); Georgia (1,161 foreclosure starts); and Illinois (1,150 foreclosure starts).

Contrary to the national trend, among metropolitan areas with a population of at least 200,000 with at least 20 foreclosure starts, the following saw the largest year-over-year declines in foreclosure starts in May 2026: Santa Rosa, CA (decrease from 93 foreclosure starts in May 2025 to 21 in May 2026); Honolulu, HI (decrease from 68 to 30 foreclosure starts); Seattle, WA (decrease from 196 to 99 foreclosure starts); Visalia, CA (decrease from 39 to 22 foreclosure starts); and Greeley, CO (decrease from 78 to 45 foreclosure starts).

Completed foreclosures remain elevated from a year ago
Lenders repossessed 4,092 U.S. properties through completed foreclosures (REOs) in May 2026, down 20 percent from the previous month but up 6 percent from a year ago.

States with the highest number of REOs in May 2026 were Texas (519 REOs); California (427 REOs); Florida (340 REOs); Illinois (223 REOs); and Michigan (222 REOs).

Those major metropolitan statistical areas (MSAs) with a population greater than 200,00 that saw the highest number of REOs in May 2026 included: Chicago, IL (204 REOs); Detroit, MI (124 REOs); Houston, TX (122 REOs); Dallas, TX (88 REOs); and New York, NY (84 REOs).

Key highlights from the May 2026 foreclosure data
ATTOM’s May 2026 U.S. Foreclosure Market Report found that 40,355 properties nationwide had a foreclosure filing, down 5 percent from April but up 14 percent from May 2025. The increase marks the continuation of a trend of rising foreclosure activity on an annual basis. Foreclosure starts climbed 13 percent year over year to 27,304, while completed foreclosures (REOs) rose 6 percent to 4,092. Despite these annual increases, overall foreclosure activity remains well below pre-pandemic levels.

Report methodology
The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month.

About ATTOM
ATTOM delivers AI-driven property intelligence built on one of the nation’s most trusted property data assets, covering 160 million U.S. properties—99% of the population. Our engineered, multi-sourced real estate data spans property tax, deeds, mortgages, foreclosure, environmental risk, property conditions, natural hazards, neighborhood insights, and geospatial boundaries, rigorously validated for advanced analytics. ATTOM supports analytics and AI-driven applications through flexible delivery options including APIs, bulk licensing, cloud delivery, and the MCP Server for AI-powered, agentic access to engineered property data—enabling organizations to automate analysis and scale property intelligence across industries.

Media Contact:
Megan Hunt
megan.hunt@attomdata.com

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

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SOURCE ATTOM

Technology

super.money launches ‘superGift’, sets a new benchmark for gifting in India

Published

26 minutes ago

July 29, 2026

BENGALURU, India, July 29, 2026 /PRNewswire/ — super.money, India’s Gen Z Finance App, backed by the Flipkart Group, today announced the launch of superGift, a multi-brand gifting solution that brings together some of India’s most trusted consumer brands across e-commerce, fashion, travel and jewellery into a single, seamless rewards instrument.

superGift marks a first for India’s gifting landscape – a truly multi-brand, multi-category rewards instrument built for the way people actually spend. For the first time, a single gifting solution spans everything from daily essentials to premium lifestyle choices, with frictionless digital redemption and no restrictive conditions. Partners in the superGift ecosystem today include Flipkart, Myntra, Cleartrip, District and Zomato, and more are expected in the months ahead. These brands span avenues of high-frequency consumption as well as premium lifestyle and occasion-led spending. The integration is powered by Razorpay and Pine Labs, ensuring reliable acceptance, smooth checkout experiences and real-time balance management.

Available in both digital and physical formats, superGift is designed for both retail and bulk purchase requirements at scale; making it a top choice for employee rewards, channel incentives, customer engagement programmes and partner recognition. For more information on superGift and how it can be purchased, visit https://supergc.super.money/.

In recent times, India’s gift card and rewards market has been growing steadily, driven by enterprise adoption and the increasing preference for choice-based, digital rewards over cash or merchandise. According to recent reports published by the Reserve Bank of India, the Gift Cards market has witnessed a 15% Y-o-Y growth (CY ’25). However, fragmentation and limited brand relevance remain key challenges, areas that superGift is designed to address.

Speaking about the launch of superGift, Prakash Sikaria, Founder & CEO, super.money, said, “There’s an opportunity to bring back the ‘magic’ of gifting today, with a product that truly has something to offer for every kind of user. With superGift, we have created a powerful brand ecosystem with frictionless digital redemption, thereby making rewards genuinely beneficial.”

superGift is a category-defining solution – bridging credibility, convenience and choice in one unified rewards platform.

About super.money

super.money, backed by the Flipkart Group, is a youth-focused UPI and credit-led fintech platform that is changing the way Indians manage their payments and financial needs. The app blends smooth and secure UPI payments with real cashback on every transaction and easy access to credit, including secured RuPay cards, credit at checkout and personal loans. super.money’s focus is on delivering recurring value to users instead of one-time rewards. Built with a strong compliance culture, super.money aims to become India’s preferred financial platform that brings together UPI, credit and everyday commerce. super.money is ISO 27001 and PCI DSS certified.

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Technology

Comprinno Joins the OpenAI Partner Network as a Select Partner to Accelerate Enterprise AI Adoption

Published

26 minutes ago

July 29, 2026

BENGALURU, India, July 29, 2026 /PRNewswire/ — Comprinno Technologies, an Enterprise AI Transformation company, today announced that it has joined the OpenAI Partner Network as a Select Partner.

The OpenAI Partner Network is a global ecosystem of organizations that help enterprises build, deploy, and scale AI solutions using OpenAI technologies. The program brings together partners with deep industry expertise, technical capabilities, and customer relationships to help organizations translate AI ambition into measurable business outcomes.

As an OpenAI Select Partner, Comprinno will help enterprises accelerate their AI transformation by combining OpenAI’s frontier models, like GPT-5.6 and ChatGPT Work, with its expertise in cloud modernization, application engineering, data platforms, AI engineering, cybersecurity, governance, and managed operations. The company will support customers across the complete AI lifecycle – from strategy and implementation to enterprise-scale operations and continuous optimization.

“We believe every enterprise will become an AI-native enterprise. Success will belong not to those who simply adopt AI, but to those who integrate it into the fabric of their business. Joining the OpenAI Partner Network strengthens our ability to help customers engineer that transformation by combining OpenAI’s industry-leading AI technologies with Comprinno’s enterprise engineering, cloud modernization, security, and managed operations expertise. Together, we look forward to helping organizations turn enterprise AI into lasting competitive advantage.” – Prasad Puranik, Chief Executive Officer, Comprinno Technologies.

Comprinno helps organizations build AI-native enterprises by modernizing technology foundations, developing intelligent applications and AI agents, integrating AI into enterprise workflows, and operate mission-critical AI systems with security, governance, resilience, and operational excellence built in.

With more than 100 active customers and over 750 cloud migration and modernization engagements delivered, Comprinno has established deep expertise in enterprise transformation across financial services, manufacturing, healthcare, retail, automotive, SaaS, and digital-native businesses. The company’s AI capabilities build on this foundation, enabling customers to move confidently from experimentation to production-scale AI adoption.

As part of the OpenAI Partner Network, Comprinno plans to continue investing in AI engineering talent, enterprise AI accelerators, industry-specific solutions, and managed AI operations.

These investments will help customers adopt AI responsibly, accelerate innovation, and create sustainable competitive advantage.

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Technology

eight Telecom marks annual eight Day celebrations with new eight Shop and $88,888 lucky draw

Published

26 minutes ago

July 29, 2026

Customers can shop for smartphones and stand to win connectivity prizes spanning more than 108 years

SINGAPORE, July 29, 2026 /PRNewswire/ — eight Telecom (powered by StarHub) is marking eight Day, its annual brand celebration held every August, with the launch of the eight Shop and a lucky draw featuring prizes worth a total of $88,888.

From 30 July, customers can enjoy early access to the eight Shop, ahead of its official launch on 1 August. The eight Shop will offer a range of mobile devices from Apple, Samsung, OPPO and Xiaomi, available with eight mobile plans.

“Over the past two years, eight has evolved from a mobile brand into one that now offers home broadband. The launch of the eight Shop is another step in that journey, bringing together devices and connectivity in one seamless experience.” said Vikas Chanani, Vice President, Multibrand and MVNO Partnerships, StarHub. “As we grow, we’ll continue to make connectivity simple, affordable and rewarding for our customers.”

Customers who purchase an eligible device online between 30 July and 8 August will stand a chance to win a share of eight Telecom’s $88,888 lucky draw prize pool featuring:

Grand Prize: 108 Years of Mobile Service (even longer than a BTO lease!)Eight Years of Broadband Eight Years of Mobile Service$288 Mobile Credits

The lucky draw will take place on 8 August as part of eight’s annual eight Day celebrations, with winners announced via eight’s official social media channels.

For more information, visit: https://www.eight.com.sg/shop/.

Terms and conditions apply.

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SOURCE StarHub