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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 50 June 2025 J O U R N A L • Atlanta (213 REOs) • New York (143 REOs) • Houston (114 REOs) • Philadelphia (86 REOs) Where Were Foreclosure Rates the Highest? Nationwide, one in every 3,950 hous- ing units had a foreclosure filing in April 2025. States with the worst foreclosure rates included: • South Carolina (one in every 2,311 housing units with a foreclosure filing) • Illinois (one in every 2,405 housing units) • Florida (one in every 2,526 housing units) • Delaware (one in every 2,617 housing units) • Nevada (one in every 2,944 housing units) Metropolitan statistical areas (MSAs) with a population greater than 200,000 reporting the worst foreclosure rates in April 2025 included: • Warner Robins, Georgia (one in every 1,512 housing units with a fore- closure filing) • Killeen-Temple, Texas (one in every 1,590 housing units) • Chico, California (one in every 1,720 housing units) • Ocala, Florida (one in every 1,731 housing units) • Palm Bay-Melbourne-Titusville, Florida (one in every 1,753 housing units) In MSAs with a population greater than one million, those with the worst foreclosure rates in April 2025 were found in: • Cleveland (one in every 1,964 housing units) • Chicago (one in every 2,076 housing units) • Riverside, California (one in every 2,106 housing units) • Houston (one in every 2,147 housing units) • San Antonio (one in every 2,326 housing units) Foreclosure Starts Increase Both Monthly & Annually Lenders began the foreclosure process on 25,265 U.S. properties in April 2025, up 0.8% from last month and up 16.1% from a year ago. States that had the greatest number of foreclosures starts in April included: • Texas (3,280 foreclosure starts) • Florida (2,810 foreclosure starts) • California (2,501 foreclosure starts) • Illinois (1,313 foreclosure starts) • Ohio (1,135 foreclosure starts) Tracking MSAs with a population of at least 200,000, those with the greatest num- ber of foreclosure starts in April included: • Houston (1,202 foreclosure starts) • Chicago (1,139 foreclosure starts) • New York (1,099 foreclosure starts) • Miami (739 foreclosure starts) • Atlanta (665 foreclosure starts) Factors Contributing to the Uptick According to the Bureau of Labor Statistics (BLS), real average hourly earn- ings for all employees were unchanged from March to April, stemming from an increase of 0.2% in average hourly