Page 17 – Safeguard Properties

Foreclosure Prevention, Refinance, and Federal Property Manager’s Report – July 2025

Posted on October 10, 2025 by Safeguard

Industry Update
October 9, 2025

July 2025 Highlights – Foreclosure Prevention

The Enterprises’ Foreclosure Prevention Actions:

The Enterprises completed 17,929 foreclosure prevention actions in July 2025, bringing the total to 7,231,733 since the start of the conservatorships in September 2008. Approximately 39 percent of these actions have been permanent loan modifications.

There were 8,089 permanent loan modifications in July 2025, bringing the total to 2,796,127 since the conservatorships began in September 2008.

Approximately 34 percent of loan modifications in July involved extend term only. Modifications with principal forbearance accounted for 65 percent of all loan modifications during the month.

The number of borrowers who received payment deferrals after completing a forbearance plan increased from 5,735 in June to 6,275 in July 2025.

Initiated forbearance plans increased from 7,145 in June to 8,030 in July 2025. However, the total number of loans in forbearance decreased from 34,713 at the end of June to 33,927 at the end of July 2025, representing approximately 0.11 percent of the total loans serviced and 6.6 percent of the total delinquent loans.

The Enterprises’ Mortgage Performance:

The 30-59-day delinquency rate decreased to 0.92 percent while the serious delinquency rate remained steady at 0.54 percent at the end of July 2025.

The Enterprises’ Foreclosures:

Third-party and foreclosure sales decreased slightly to 1,091 while foreclosure starts increased 11 percent to 8,073 in July 2025.

July 2025 Highlights – Refinance Activities

Total refinance volume decreased in July 2025 as mortgage rates remained elevated in June. However, mortgage rates improved slightly in July, with the average interest rate on a 30-year fixed rate mortgage falling to 6.72 percent from 6.82 percent in June.

Cash-out refinances as a percentage of refinances increased from 62 percent in June to 65 percent in July 2025 after rising as high as 82 percent over the last three years.

For full report, please click the source link above.

U.S. Foreclosure Rates by State – September 2025

Posted on October 10, 2025 by Safeguard

Industry Update
October 10, 2025

Source: ATTOM

What Is the Current Foreclosure Rate in the U.S.?

In September 2025, foreclosure activity across the U.S. edged down slightly from the previous month but remained higher than a year ago.

Total filings: 35,602 properties with default notices, scheduled auctions, or bank repossessions

Monthly change: Down 0.3% from August 2025

Year-over-year change: Up 20% from September 2024

National rate: One in every 3,997 housing units had a foreclosure filing

States with the worst foreclosure rates: Florida, Delaware, Nevada, Indiana, and South Carolina

Foreclosure Starts and Completions

Starts: 23,761 U.S. properties began the foreclosure process in September 2025 — down 2% from August but up 20% year-over-year.

Completions (REOs): Lenders repossessed 3,780 U.S. properties, down 7% month-over-month but up 44% from September 2024.

What’s Driving September 2025 Foreclosure Trends?

Florida led the nation with the worst foreclosure rates during September 2025, followed closely by Delaware and Nevada with Indiana and South Carolina rounding out the top five worst rates. This mix of states from different regions across the country may suggest that rising foreclosure activity is not isolated to one area but rather reflects broader affordability pressures and financial strain affecting homeowners nationwide.

Foreclosure Rates by State – September 2025

Below is the complete state-by-state foreclosure ranking for September 2025.

Florida – 1 in every 2,182 housing units (4,621 filings / 10,082,356 units)

Counties: Hardee, Highlands, Osceola

Delaware – 1 in every 2,325 housing units (197 filings / 457,958 units)

Counties: Kent, New Castle, Sussex

Nevada – 1 in every 2,417 housing units (541 filings / 1,307,338 units)

Counties: Lyon, Clark, Churchill

Indiana – 1 in every 2,697 housing units (1,095 filings / 2,953,344 units)

Counties: Clinton, Vigo, Pulaski

South Carolina – 1 in every 2,883 housing units (833 filings / 2,401,638 units)

Counties: Lexington, Kershaw, Allendale

Illinois – 1 in every 2,883 housing units (1,888 filings / 5,443,501 units)

Counties: Montgomery, Marshall, Rock Island

Utah – 1 in every 3,075 housing units (388 filings / 1,193,082 units)

Counties: Iron, Tooele, Box Elder

Ohio – 1 in every 3,114 housing units (1,693 filings / 5,271,573 units)

Counties: Huron, Cuyahoga, Highland

Iowa – 1 in every 3,222 housing units (443 filings / 1,427,175 units)

Counties: Clay, Hancock, Cedar

Texas – 1 in every 3,313 housing units (3,589 filings / 11,890,808 units)

Counties: Liberty, Johnson, Martin

Maryland – 1 in every 3,314 housing units (768 filings / 2,545,532 units)

Counties: Caroline, Charles, Baltimore City

California – 1 in every 3,514 housing units (4,136 filings / 14,532,683 units)

Counties: Mendocino, Shasta, Sonoma

Georgia – 1 in every 3,584 housing units (1,251 filings / 4,483,873 units)

Counties: Decatur, Mcduffie, Haralson

New Jersey – 1 in every 3,814 housing units (990 filings / 3,775,842 units)

Counties: Cumberland, Salem, Sussex

North Carolina – 1 in every 3,937 housing units (1,223 filings / 4,815,195 units)

Counties: Jones, Lee, Cleveland

Pennsylvania – 1 in every 4,093 housing units (1,412 filings / 5,779,663 units)

Counties: Philadelphia, Berks, Venango

Michigan – 1 in every 4,220 housing units (1,090 filings / 4,599,683 units)

Counties: Montmorency, Muskegon, Sanilac

Alabama – 1 in every 4,234 housing units (547 filings / 2,316,192 units)

Counties: Mobile, Jefferson, Montgomery

Arizona – 1 in every 4,264 housing units (737 filings / 3,142,443 units)

Counties: Pinal, Graham, Cochise

Connecticut – 1 in every 4,609 housing units (332 filings / 1,530,197 units)

Counties: Windham, New London, New Haven

Louisiana – 1 in every 4,706 housing units (445 filings / 2,094,002 units)

Counties: Plaquemines, Ascension, Iberville

New York – 1 in every 5,020 housing units (1,701 filings / 8,539,536 units)

Counties: Orange, Cayuga, Nassau

Colorado – 1 in every 5,215 housing units (488 filings / 2,545,124 units)

Counties: Washington, Rio Grande, Lake

Alaska – 1 in every 5,406 housing units (59 filings / 318,927 units)

Counties: Haines, Petersburg Census Area, Northwest Arctic

Wyoming – 1 in every 5,503 housing units (50 filings / 275,131 units)

Counties: Uinta, Goshen, Natrona

Virginia – 1 in every 5,895 housing units (620 filings / 3,654,784 units)

Counties: Galax City, Covington City, Charlotte

Maine – 1 in every 6,221 housing units (120 filings / 746,552 units)

Counties: Oxford, Waldo, Somerset

Washington – 1 in every 6,274 housing units (520 filings / 3,262,667 units)

Counties: Grays Harbor, Pierce, Lewis

New Mexico – 1 in every 6,640 housing units (143 filings / 949,524 units)

Counties: Union, Eddy, Roosevelt

Oklahoma – 1 in every 6,653 housing units (265 filings / 1,763,036 units)

Counties: Logan, Muskogee, Canadian

Massachusetts – 1 in every 6,655 housing units (453 filings / 3,014,657 units)

Counties: Franklin, Dukes, Hampden

Arkansas – 1 in every 6,983 housing units (198 filings / 1,382,664 units)

Counties: Arkansas, Sharp, Lawrence

New Hampshire – 1 in every 7,239 housing units (89 filings / 644,253 units)

Counties: Coos, Sullivan, Cheshire

Hawaii – 1 in every 7,242 housing units (78 filings / 564,905 units)

Counties: Hawaii, Kauai, Honolulu

Missouri – 1 in every 7,433 housing units (378 filings / 2,809,501 units)

Counties: Linn, Harrison, Saint Francois

Idaho – 1 in every 7,615 housing units (102 filings / 776,683 units)

Counties: Oneida, Bear Lake, Washington

Kentucky – 1 in every 7,616 housing units (264 filings / 2,010,655 units)

Counties: Hancock, Carroll, Lyon

Tennessee – 1 in every 7,817 housing units (396 filings / 3,095,472 units)

Counties: Decatur, Hancock, Lake

North Dakota – 1 in every 7,976 housing units (47 filings / 374,866 units)

Counties: Dickey, Mercer, Sargent

Wisconsin – 1 in every 8,162 housing units (337 filings / 2,750,750 units)

Counties: Washington, Racine, Douglas

Nebraska – 1 in every 8,307 housing units (103 filings / 855,631 units)

Counties: Greeley, Hitchcock, Nemaha

Oregon – 1 in every 8,714 housing units (211 filings / 1,838,631 units)

Counties: Sherman, Crook, Harney

Minnesota – 1 in every 9,031 housing units (279 filings / 2,519,538 units)

Counties: Grant, Kanabec, Mille Lacs

Rhode Island – 1 in every 9,890 housing units (49 filings / 484,615 units)

Counties: Kent, Providence, Washington

Montana – 1 in every 11,126 housing units (47 filings / 522,939 units)

Counties: Mineral, Fallon, Toole

Mississippi – 1 in every 11,200 housing units (119 filings / 1,332,811 units)

Counties: Copiah, Jasper, Winston

Kansas – 1 in every 12,011 housing units (107 filings / 1,285,221 units)

Counties: Anderson, Morton, Rush

West Virginia – 1 in every 17,193 housing units (50 filings / 859,653 units)

Counties: Gilmer, Braxton, Pendleton

Vermont – 1 in every 42,134 housing units (8 filings / 337,072 units)

Counties: Essex, Rutland, Caledonia

South Dakota – 1 in every 49,863 housing units (8 filings / 398,903 units)

Counties: Essex, Rutland, Caledonia

Conclusion

Foreclosure activity continued its upward trend versus year ago in September 2025, with both starts and completions posting annual increases. ATTOM provides a state-by-state ranking, starting with the state with the worst foreclosure rate, along with the top counties driving activity in each state.

For full report, please click the source link above.

U.S. Foreclosure Activity Increases Annually in Q3 2025

Posted on October 10, 2025 by Safeguard

Industry Update
October 7, 2025

Source: ATTOM

ATTOM, a leading curator of land, property, and real estate data, today released its Q3 2025 U.S. Foreclosure Market Report, which shows a total of 101,513 U.S. properties with a foreclosure filings during the third quarter of 2025, up less than 1 percent from the previous quarter and up 17 percent from a year ago.

The report also shows a total of 35,602 U.S. properties with foreclosure filings in September 2025, down 0.3 percent from the previous month and up 20 percent from a year ago.

“In 2025, we’ve seen a consistent pattern of foreclosure activity trending higher, with both starts and completions posting year-over-year increases for consecutive quarters,” said Rob Barber, CEO at ATTOM. “While these figures remain within a historically reasonable range, the persistence of this trend could be an early indicator of emerging borrower strain in some areas.”

Foreclosure starts increase nationwide

A total of 72,317 U.S. properties started the foreclosure process in Q3 2025, up 2 percent from the previous quarter and up 16 percent from a year ago.

States that had the greatest number of foreclosure starts in third quarter of 2025 included: Texas (9,736 foreclosure starts); Florida (8,909 foreclosure starts); California (7,862 foreclosure starts); Illinois (3,515 foreclosure starts); and New York (3,234 foreclosure starts).

Those major metros with a population of 200,000 or more that had the greatest number of foreclosures starts in Q3 2025 included Houston, Texas (3,763 foreclosure starts); New York, New York (3,452 foreclosure starts); Chicago, Illinois (3,144 foreclosure starts); Miami, Florida (2,502 foreclosure starts); and Los Angeles, California (2,321 foreclosure starts).

Worst foreclosure rates in Florida, Nevada, and South Carolina

Nationwide one in every 1,402 housing units had a foreclosure filing in Q3 2025. States with the worst foreclosure rates were Florida (one in every 814 housing units with a foreclosure filing); Nevada (one in every 831 housing units); South Carolina (one in every 867 housing units); Illinois (one in every 944 housing units); and Delaware (one in every 974 housing units).

Among 225 metropolitan statistical areas with a population of at least 200,000, those with the worst foreclosure rates in Q3 2025 were Lakeland, Florida (one in every 470 housing units); Columbia, South Carolina (one in 506); Cape Coral, Florida (one in 589); Cleveland, Ohio (one in 593); and Ocala, Florida (one in 665).

Other major metros with a population of at least 1 million, including Cleveland at No. 4, and foreclosure rates in the top 20 worst nationwide, included Jacksonville, Florida at No.6; Las Vegas, Nevada at No.9; Houston, Texas at No. 14; and Orlando, Florida at No. 17.

Bank repossessions increase 33 percent from year ago

Lenders repossessed 11,723 U.S. properties through foreclosure (REO) in Q3 2025, up 4 percent from the previous quarter and up 33 percent from a year ago.

Those states that had the greatest number of REOs in Q3 2025 were Texas (1,288 REOs); California (1,132 REOs); Florida (762 REOs); Pennsylvania (708 REOs); and New York (644 REOs).

Average time to foreclose decreases 25 percent from last year

Properties foreclosed in Q3 2025 had been in the foreclosure process for an average of 608 days. This represents a 6 percent decrease from the previous quarter and a 25 percent decrease from the same time last year, continuing a downward trajectory observed since mid-2020.

States with the longest average foreclosure timelines for homes foreclosed in Q3 2025 were Louisiana (3,632 days); Nevada (2,667 days); Rhode Island (1,929 days); New York (1,867 days); and Hawaii (1,710 days).

States with the shortest average foreclosure timelines for homes foreclosed in Q3 2025 were West Virginia (135 days); Texas (154 days); Virginia (160 days); Wyoming (165 days); and Montana (174 days).

September 2025 Foreclosure Activity High-Level Takeaways

Nationwide in September 2025, one in every 3,997 properties had a foreclosure filing.

States with the highest foreclosure rates in September 2025 were Florida (one in every 2,182 housing units with a foreclosure filing); Delaware (one in every 2,325 housing units); Nevada (one in every 2,417 housing units); Indiana (one in every 2,697 housing units); and South Carolina (one in every 2,883 housing units).

23,761 U.S. properties started the foreclosure process in September 2025, down 2 percent from the previous month and up 20 percent from September 2024.

Lenders completed the foreclosure process on 3,780 U.S. properties in September 2025, down 7 percent from the previous month and up 44 percent from September 2024.

Report conclusion

Foreclosure activity continued its gradual upward trend in Q3 2025, with both starts and completions posting annual increases. While overall levels remain relatively low by historical standards, the consistency of these gains over consecutive quarters highlights a market that may be slowly shifting amid broader economic pressures.

For full report, please click the source link above.

Fannie and Freddie: Delinquency Rates in August

Posted on October 2, 2025 by Safeguard

Industry Update
September 29, 2025

Source: CalculatedRisk Newsletter

Freddie Mac reported that the Single-Family serious delinquency rate in August was 0.56%, up from 0.55% July. Freddie’s rate is up year-over-year from 0.52% in August 2024, however, this is below the pre-pandemic level of 0.60%.

Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

Fannie Mae reported that the Single-Family serious delinquency rate in August was 0.53%, unchanged from 0.53% in July. The serious delinquency rate is up year-over-year from 0.50% in August 2024, however, this is below the pre-pandemic lows of 0.65%.

The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.

These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. Mortgages in forbearance are being counted as delinquent in this monthly report but are not reported to the credit bureaus.

For Fannie, by vintage, for loans made in 2004 or earlier (1% of portfolio), 1.35% are seriously delinquent (up from 1.33% the previous month).

For loans made in 2005 through 2008 (1% of portfolio), 1.93% are seriously delinquent (up from 1.90%).

For recent loans, originated in 2009 through 2025 (98% of portfolio), 0.49% are seriously delinquent (up from 0.48%). So, Fannie is still working through a handful of poor performing loans from the bubble years.

For full report, please click the source link above.

FEMA Fire Management Assistance Declaration – Washington Sugarloaf Fire

Posted on September 29, 2025 by Ashley Shepherd

FEMA Alert
September 26, 2025

FEMA has issued a Fire Management Assistance Declaration for the state of Washington to supplement state, tribal and local recovery efforts in areas affected by the Lower Sugarloaf Fire on September 25, 2025. The following counties have been approved for assistance:

Public Assistance:

Chelan

Washington Sugarloaf Fire (FM-5614-WA)

List of Affected Zip Codes

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Fire Management Assistance Declaration – Hawaii Holomua Fire

Posted on September 26, 2025 by Safeguard

FEMA Alert
September 23, 2025

FEMA has issued a Fire Management Assistance Declaration for the state of Hawaii to supplement state, tribal and local recovery efforts in areas affected by the Holomua Fire on September 23, 2025. The following counties have been approved for assistance:

Public Assistance:

Maui

Hawaii Holomua Fire (FM-5613-FI)

List of Affected Zip Codes

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

US YoY Foreclosure Activity Rises for Sixth Straight Month in August

Posted on September 25, 2025 by Safeguard

Industry Update
September 10, 2025

Source: ATTOM

ATTOM, a leading curator of land, property data, and real estate analytics, today released its August 2025 U.S. Foreclosure Market Report, which shows there were a total of 35,697 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — down 1 percent from a month ago but up 18 percent from a year ago.

“August marked the sixth consecutive month of year-over-year increases in U.S. foreclosure activity and the third straight month with double-digit annual growth,” said Rob Barber, CEO at ATTOM. “While overall levels remain below those seen before the pandemic, the ongoing rise in both foreclosure starts and completions suggests that some homeowners may be experiencing added financial strain in the current high-cost and high-interest-rate environment.”

The worst foreclosure rates were in Nevada, South Carolina, and Florida

Nationwide, one in every 3,987 housing units had a foreclosure filing in August 2025. States with the worst foreclosure rates were Nevada (one in every 2,069 housing units with a foreclosure filing); South Carolina (one in every 2,152 housing units); Florida (one in every 2,512 housing units).

Among the 225 metropolitan statistical areas with a population of at least 200,000, those with the worst foreclosure rates in August 2025 were Lakeland, FL (one in every 1,212 housing units with a foreclosure filing); Columbia, SC (one in every 1,347 housing units); Chico, CA (one in every 1,545 housing units); Cleveland, OH (one in every 1,755 housing units); and Ocala, FL (one in every 1,816 housing units).

Those major metropolitan areas with a population greater than 1 million with the worst foreclosure rates in August 2025 besides Cleveland were: Las Vegas, NV (one in every 1,817 housing units); Jacksonville, FL (one in every 2,057 housing units); Houston, TX (one in every 2,195 housing units); and Orlando, FL (one in every 2,210 housing units).

Texas, Florida, and California led the nation in foreclosure starts

Lenders started the foreclosure process on 24,254 U.S. properties in August 2025, down slightly at 0.2 percent from last month but up 16.9 percent from a year ago.

States that had the greatest number of foreclosure starts in August 2025 included: Texas (2,982 foreclosure starts); Florida (2,803 foreclosure starts); California (2,558 foreclosure starts); New York (1,207 foreclosure starts); and Illinois (1,170 foreclosure starts).

Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in August 2025 included: New York, NY (1,431 foreclosure starts); Houston, TX (1,178 foreclosure starts); Chicago, IL (1,009 foreclosure starts); Los Angeles, CA (862 foreclosure starts); and Miami, FL (748 foreclosure starts).

Foreclosure completions up from same time last year

Lenders repossessed 4,077 U.S. properties through completed foreclosures (REOs) in August 2025, an increase of 5 percent from last month and an increase of 41 percent from last year.

States that had the greatest number of REOs in August 2025, included: Texas (476 REOs); California (343 REOs); New York (319 REOs); Florida (276 REOs); and Illinois (232 REOs).

Those major metropolitan statistical areas (MSAs) with a population greater than 1 million that saw the greatest number of REOs in August 2025 included: Chicago, IL (159 REOs); New York, NY (137 REOs); Houston, TX (109 REOs); San Antonio, TX (96 REOs); and Dallas, TX (79 REOs).

Conclusion

The August 2025 U.S. Foreclosure Market Report reveals a continued upward trend in foreclosure activity, marking the sixth consecutive month of year-over-year growth and the third straight month of double-digit increases. A total of 35,697 U.S. properties had foreclosure filings during the month, representing an 18% increase compared to August 2024, despite a slight 1% decline from July 2025. Both key components of foreclosure activity rose year over year: foreclosure starts jumped 17% to over 24,000 filings, while completed foreclosures (REOs) surged 41%, totaling more than 4,000 nationwide. Despite remaining below pre-pandemic levels, the persistent rise in both foreclosure starts and completions may signal increasing financial strain for some homeowners amid elevated home prices and interest rates.

For full report, please click the source link above.

ICE First Look at Mortgage Performance: Delinquencies Up; Foreclosure Activity Trending Higher

Posted on September 25, 2025 by Safeguard

Industry Update
September 24, 2025

Source: Ice Mortgage Technology

ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), released its August 2025 ICE First Look at mortgage delinquency, foreclosure and prepayment trends. The data shows the national delinquency rate rose in August, largely driven by a calendar anomaly, while foreclosure activity continued its slow upward trend.

“The rise in the national delinquency rate for August is best understood in the context of how the calendar can impact payment processing,” said Andy Walden, Head of Mortgage and Housing Market Research at ICE. “Most of the uptick in the national delinquency rate can be attributed to delayed processing of end-of-month payments, as August closed on a Sunday this year. This calendar-driven effect is consistent with what we observed in prior years, so the increase should be considered a temporary adjustment rather than a shift in underlying borrower health.”

Key takeaways from this month’s findings include:

The national delinquency rate rose by 16 basis points (bps) in August to 3.43%, up 10 bps from the same time last year, marking a return to annual increases after temporary reprieves in June and July.

Mortgage delinquencies typically face little seasonal pressure from July to August, but the last day of August 2025 falling on a Sunday resulted in delayed processing and temporarily higher delinquency rolls. For instance, August 2003, 2008, and 2014 also ended on a Sunday, each experiencing a delinquency rise averaging 5.3%. This is similar to the 5.0% rise observed this year – suggesting that much of August’s delinquency rise may have been driven by the way the calendar fell.

FHA loans continue to see the largest annual increases, with the non-current rate (delinquencies including foreclosures) up by 86 bps to 12.0% in August, while the non-current rates for VA, GSE, and portfolio-held mortgages remained effectively flat year over year.

Serious delinquencies (loans 90+ days past due but not in foreclosure) rose by 16,000 in August and are up 32,000 year over year, while loans in active foreclosure increased by 3,000 for the month and 23,000 since last year.

Foreclosure starts rose year-over-year (+6%) for the ninth consecutive month, and foreclosure sales (+22.5%) are up from the same time last year for the sixth consecutive month, contributing to a 12.3% annual increase in foreclosure inventory.

Inflows and transitions to later stages of delinquency increased across the board, while cures to current from both early- and late-stage delinquency fell.

August prepayment activity slipped by 1 bp to a 0.66% single month mortality (SMM) rate, reflecting seasonal home buying patterns and relatively steady interest rates in July.

For full report, please click the source link above.

FHFA Withdraws from Green Finance Coalition

Posted on September 25, 2025September 25, 2025 by Safeguard

Industry Update
September 23, 2025

Source: Dodd Frank Update

Federal Housing Finance Agency (FHFA) Director Bill Pulte announced the FHFA would withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) on Sept. 19.

The NGFS is a coalition of 114 central banks and financial supervisors, formed in 2017 to promote green finance and provide a framework for how central banks can help to address climate change, in accordance with goals described in the Paris Agreement.

The U.S. announced its intent to exit the Paris Agreement in January, which will take effect one year from that date, on Jan. 20, 2026. This will mark the country’s second time withdrawing from the agreement, having previously done so near the end of President Donald Trump’s first term in November 2020, only for it to rejoin in February 2021 under then-President Joe Biden.

With the move, which Pulte announced on X (formerly Twitter), the agency joined several other agencies in withdrawing from NGFS involvement.

The first to withdraw was the Federal Reserve on Jan. 17, asserting the network had broadened its scope to encompass a wider range of issues than covered by the Fed’s statutory mandate. Within a month, the Federal Deposit Insurance Corp. (FDIC), the U.S. Treasury Department’s Federal Insurance Office (FIO) and the Comptroller of the Currency had all followed suit, citing similar reasoning.

At the time of his agency’s withdrawal, Treasury Secretary Scott Bessent characterized the move as part of its implementation of Trump’s executive orders, titled “Putting America First in International Environmental Agreements” and “Unleashing American Energy.”

“NGFS’s initiatives are inconsistent with this administration’s priorities to grow the U.S. economy and American jobs, and NGFS’s role diverges from the traditional technical and coordinating roles of other international fora,” Bessent said in a press release. “Important parts of NGFS’s scope, including on monetary policy frameworks, go beyond FIO’s core duties. FIO will continue to engage with state insurance regulators and other stakeholders to promote U.S. interests in international insurance engagements.”

The Trump administration has characterized the country’s involvement in climate-related initiatives as a source of regulatory overreach that unnecessarily inhibits economic growth while providing limited direct benefits to American workers.

Supporters of the NGFS have argued statutory mandates pertaining to federal financial agencies’ obligations to preserve the safety and soundness the U.S. banking system and meet the needs of their communities are at odds with arguments in favor of withdrawal.

For full report, please click the source link above.

FEMA Major Disaster Declaration – Wisconsin Severe Storms, Straight-line Winds, Flooding, and Mudslides

Posted on September 12, 2025September 19, 2025 by Safeguard

FEMA Alert
September 11, 2025

***LAST UPDATE: 9/19/25***

FEMA has issued a Major Disaster Declaration for the state of Wisconsin to supplement state, tribal and local recovery efforts in areas affected by severe storms, straight-line winds, flooding, and mudslides from August 9-12, 2025. The following counties have been approved for assistance:

Individual Assistance: