Independent thinking for complex markets and current events
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
Talk about a shift in sentiment: The 10-year note yield now pushing above 4.20% while the S&P 500 falls -4.5% in 3 hours. Yields are ABOVE levels seen before "Liberation Day." Once again, bond markets are telling us something. pic.twitter.com/zOQcikVObA — Adam Kobeissi (@TKL_Adam) April 8, 2025 FHA delinquencies are skyrocketing, 15.11% of all FHA …
by confoundedinterest17 Housing and rental properties are simply unaffordable. Freddie Mac Serious Delinquency Rate on Multifamily (Apartment) loans soared to highest rate since 2000. Since it is as of January 31, 2025, you can’t blame this on Donald Trump (although I am sure they will try). Of course, home prices and rents soared under Biden. Home …
Full source is here: https://www.fitchratings.com/structured-finance/abs/auto-indices#chinese-auto-indices
With CPI 35% higher, the real financial crisis is even worse… Percentage of borrowers at least 60 days late on their car payments is at the highest on record: pic.twitter.com/1JTIwgnSWY — unusual_whales (@unusual_whales) March 20, 2025 Fed data shows that only 62% of households can come up with $2,000 for an emergency expense within a …
by confoundedinterest17 The US housing market is still suffering a hangover from Biden’s Presidency (high housing prices, high food prices, high inflation, high oil/gas prices, etc.) Housing prices are the highest in history, now we have FHA delinquencies at almost 15%. Way to go, Joe!
by confoundedinterest17 Thank God President Auto Pen is out of office! Inflation? Lower real wage growth? Excessive personal loan growth?? All resulting in historic subprime auto loan delinquency rate of 6.6%. Auto Loan 60+ Day Delinquency Index
Americans are missing their car payments at the highest rate in decades, according to Fitch Ratings data. Why it matters: Car costs, including loans and insurance, have soared in an economy where consumers are showing mounting signs of stress. By the numbers: 6.6% of of subprime auto borrowers were at least 60 days past due on their loans as of January 2025. This is …
by Mike Shedlock As borrowers struggle to keep up with car payments, auto lenders offer payment extensions to keep those loans from going bad. Car Dealership Guy reports Auto Lenders Increasingly Turn to Payment Extensions. Payment Extension Trap 60+ day auto loan delinquencies in the subprime cohort (less credit-worthy borrowers) hit 6.56% in December 2024—the highest …
Seeing unemployment as a major factor for FHA mortgage delinquencies… it really is a house of cards. — Amanda Goodall (@thejobchick) January 13, 2025
To start, here's a chart of US credit card serious delinquency rates for subprime borrowers. Subprime credit card delinquencies have risen 7 percentage points in just ~15 months. These borrowers reflect a WHOPPING ~23% of the consumer credit market, according to Fed data. pic.twitter.com/mNUaNwc0GB — The Kobeissi Letter (@KobeissiLetter) January 2, 2025 Meanwhile, US multi-family …
1/ The GTA just hit a mortgage crisis milestone. Delinquency rates (90+ days overdue) have surged 166% since 2022, reaching levels not seen since 2015. pic.twitter.com/Ts3PH0dhHM — Shazi (@ShaziGoalie) January 2, 2025 3/ What does this mean? A rising delinquency rate reflects collapsing market liquidity. Homeowners, unable to sell quickly or profitably, are defaulting instead. …
This is concerning: Auto loan early delinquency rates jumped to 8.12% in Q3 2024, the highest in 13 years. Serious delinquency rates surged to 2.90%, also the highest in 14 years. 90+ day delinquencies are now just 58 basis points below the record levels seen in 2009. In 2024, auto loan delinquencies have risen at …
“Credit card debt is exploding way beyond 2008 and 2020 levels. If history’s taught us anything, it’s that this kind of spike usually screams incoming economic crash. Time will tell.” Credit card debt is exploding way beyond 2008 and 2020 levels. If history’s taught us anything, it’s that this kind of spike usually screams incoming …
Predatory MCAs disguised as A/R assets, sold and securitized, repeating 2007’s mistakes. They’re securitized MCAs, sold as A/R assets when in fact they were predatory, 50% loans to unsuspecting Shopify orgs. They required no background checks and only 3months of bank statements. The loans were immediately sold to banks like synchrony , tranched with BBB …
#commercialproperty #REIT 📉 ☠️https://t.co/5BsAxkwS4w — Invariant Perspective (@InvariantPersp1) September 11, 2024 CRE bros after praying the Virgin, Moises and Allah for 6 months non-stop for a 50 bp cut in Sep and having their hopes smashed by OER this morning… pic.twitter.com/LtHhdBUiwd — KKGB (@INArteCarloDoss) September 11, 2024
Tweet: NEWS: Auto loan delinquencies keep climbing Subprime delinquencies (FICO: 580–669) jumped 26 basis points to 5.17% in Aug. Even prime loans (660–719) saw a slight uptick to 0.50% overdue. The reason? Consumers with auto loans originated in the past two years are falling further behind as elevated interest rates and vehicle prices squeeze household …
U.S. household debt has reached a record $17.8 trillion as of the second quarter of 2024. This includes significant increases in mortgage balances, auto loans, and credit card debt. Regarding delinquencies, there has been a notable rise. Serious delinquencies (90 days or more overdue) for credit card debt have surged to 7.18%, and auto loan delinquencies have also …
"The formula for current U3 doesn’t included immigration after 2022" So unemployment is worse if you include all the illegals Biden let in https://t.co/mMLn70eql7 — Darth Powell (@VladTheInflator) August 7, 2024 It's strange that credit card delinquencies are rising without much unemployment. Normally dq's follow job losses. pic.twitter.com/ksJHYL6OWX — Random Walk (@MosesSternstein) August 7, 2024
https://www.youtube.com/watch?v=4-ro9iJPJ3k The U.S. banking sector is currently facing challenges as it deals with a significant surge in delinquency rates, leading to mounting losses. Recent reports have revealed a shocking 23% increase in delinquencies, causing concern for both banks and borrowers nationwide. This sharp rise in borrowers falling behind on their payments has increased bank losses, …
Even $2Tn deficits not working? — Chart Cruncher (@NaughtonPaolo) July 16, 2024 Consumer loans delinquencies are steadily marching higher Unemployment is creeping up Corporate profits are cooling off pic.twitter.com/CsTOmBbGlm — Win Smart, CFA (@WinfieldSmart) July 15, 2024 Trucking Employment Continues to Decline The latest data on trucking employment paints a concerning picture for the transportation …
A financial tool that millions of Americans rely on, known as a credit score, could be hiding a sinister secret about your brain health, experts warn. A new study by the New York Federal Reserve and Georgetown University has uncovered a disturbing link between declining credit scores and the onset of Alzheimer’s disease and related dementias (ADRD). The research, …
Although most US homeowners are immune from higher mortgage rates because they have fixed-rate mortgages, that’s not true for other types of credit. The delinquency rate on credit card loans is now the same as it was in 2010, a year when the unemployment rate was over 9%. pic.twitter.com/Nu2aobWKeB — Peter Berezin (@PeterBerezinBCA) June 14, …
Credit card and auto loan debt delinquencies are stacking upThe only reason student loan delinquencies are at the lows, is because they are not reported until October 1, 2024As far as mortgages are concerned most are already locked into 3% rates. Let us see what this looks like… pic.twitter.com/pYy52fSK5J — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) …
by confoundedinterest17 Under Bidenomics and Fed monetary “policies”, we now have the wreck of the US middle class. To begin with, America’s paychecks are bigger than 40 years ago, but purchasing power of those larger paychecks is about the sames as it was 40 years ago. Great job Washington DC!!! … NOT!!!! Meanwhile, credit card delinquencies …
Canadian banks are indeed bracing for a “mortgage renewal cliff.” As mortgage renewals approach for over three-quarters of homeowners, Canada’s Big Six banks are adding billions of dollars to their emergency funds. The spike in mortgage payments that many homeowners will face during renewal is known as the “mortgage cliff.” Mortgage rates are significantly higher …
Credit card delinquencies have surpassed pre-pandemic levels and continue to rise. Severe credit card delinquencies, those 90 days overdue, have now climbed to 10.7% — the highest since 2012, per CNN. — unusual_whales (@unusual_whales) June 6, 2024 Credit card delinquencies have surged beyond pre-pandemic levels. According to the Federal Reserve Bank of New York, the …
Source: fred.stlouisfed.org/graph/?g=1os7U Flashback to 2008? United Wholesale Mortgage Rolls Out 0% Down, Interest-Free Loan Scheme! What could possibly go wrong? Source : https://www.uwm.com/price-a-loan/exclusives/zero-down-purchase
This is fine… Source: https://www.fdic.gov/news/speeches/fdic-quarterly-banking-profile-first-quarter-2024 h/t skeletor00
Credit card delinquencies are starting to go vertical pic.twitter.com/QcBcMdmbDF — QE Infinity (@StealthQE4) June 1, 2024 ‘We got to keep the consumer in the game’: Brian Moynihan worries about a spending slowdown Bank of America’s CEO says inflation has been sapping U.S. sentiment Bank of America Corp. Chief Executive Brian Moynihan said the economic …