50% of rental properties acquired with fraudulent occupancy; exit while equity remains, avoid foreclosures.

The Federal Reserve estimates that 50% of rental properties were acquired with fraudulent occupancy, I'd probably suggest those people get out while they still have equity.

You don't want them digging around when foreclosures start. pic.twitter.com/MkhA5UyPQF

— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) August 8, 2023

How do you have 11 Owner-Occupied rentals?!? pic.twitter.com/CqL80zEkhI

— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) August 7, 2023

They'll never tell you the truth. It's always going to be a "soft landing." pic.twitter.com/6qLSPMAbb4

— Ponzi Finance (@BP_Rising) August 8, 2023

Mortgage rates just topped 7%

— The Long View (@HayekAndKeynes) August 8, 2023

MOODY'S: US BANK DOWNGRADES AND RATING REVIEWS DRIVEN BY PROFIT OUTLOOK || MOODY'S: BANK DOWNGRADES REFLECT EARNINGS THAT WERE 'AS GOOD AS IT GETS' IN 2Q

MOODY'S: BANKS FACE CHALLENGES FROM RISING RATES, POTENTIAL RECESSION, FUNDING COSTS

MOODY'S: US BANKING SYSTEM IS STILL…

— First Squawk (@FirstSquawk) August 8, 2023