backlogs

2008 BUST ON STEROIDS – FHA delinquencies worse than during the crisis. Missed payments hidden in loan backlogs

FHA delinquencies are skyrocketing, 15.11% of all FHA mortgage purchase loans are now DELINQUENT. This excludes the loans artificially brought current by placing the missed payments to the back of the loan. In 4Q2007 FHA overall delinquencies were LOWER at 13.05 percent (vs… pic.twitter.com/WYuCYOKSFq — Darth Powell (@VladTheInflator) April 8, 2025

ISM Manufacturing New Orders and Backlogs in Steep Contraction

via Mike Shedlock The Manufacturing ISM was in contraction for 16 months went positive for a month and is contracting again for two months with order backlogs falling for 20 months. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the May 2024 Manufacturing ISM® Report On Business® emphasis mine. Economic …

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