Banks and Other Lenders Seize 42% More US Homes Than a Year Ago As Texas and Florida Lead the Nation in Repossessions

Banks and other lenders seized 42% more US homes in the third quarter than a year earlier, as foreclosures rise. The increase comes as higher mortgage rates pressure borrowers. Lenders repossessed thousands of properties, with the biggest jumps in states like Florida and Texas, according to new data.