Largest Increase in "Mortgage" delinquencies (more than 30 days) ever recorded: 1.6 million jump in last month bringing total to 3.6 million homes

4 thoughts on “Largest Increase in "Mortgage" delinquencies (more than 30 days) ever recorded: 1.6 million jump in last month bringing total to 3.6 million homes”

1. 

   ANON

   May 25, 2020 at 5:18 pm

   Yes Summer. But Dems — the “House” – what have they done about it? This was their “bills” — did they not anticipate this? I am now seeing people who got forbearance, and are in foreclosure status. Don’t count on Trump to figure this out. It is Dems “bills.”

   Are our political parties agreeing on this?

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2. 

   Summer

   May 22, 2020 at 9:20 pm

   This is that I said from the beginning. CARES Act is the same scam as Cease and Desist Order in 2011 and National Mortgage Settlement.

   Democrats will play this card before election – and secretly tell Banks to flood all Courts with fraudulent foreclosures probably starting as of yesterday.

   Hush, hush, rush, rush

   It is all staged. All moratoriums and forbearance are fakes.

   Reply
3. 

   ANON

   May 22, 2020 at 5:09 pm

   Ian — AGREE!!! Check my math – at average of 200,000 per home – that is 3.8 trillion just for principal? Never good with zeros. But, I think number may be even larger. And, finding more evidence that the “last transaction” was NOT the beginning. It is massive. Thanks!!!

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4. 

   Ian

   May 22, 2020 at 1:43 pm

   I believe that of the 19 million subprime mortgages written, 12-13 million ha e been foreclosed , and the credit default swaps are still outstanding against them. And the entities who hold them have to cash them in before a gloss reset of the financial/monetary system.

   Reply