An official at the New Mexico Mortgage Finance Authority expects foreclosures to double this year on mortgages it oversees in the state, citing the wind-down of federal pandemic protections, high interest interest rates and other factors.

Theresa Lloyd, the authority’s director of servicing, told the board at a meeting Wednesday that some New Mexicans with subsidized loans are “already at the end of their rope” to avoid foreclosure and face the end of programs that could help them stay housed..

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