If student loan forbearance comes to a screeching halt, we haven’t seen nothing yet.

Many of us have been wondering though if the economy has been propped up by credit card spending, and it seems we are getting the answer on that now. Same thing happened in 06 credit card delinquencies spiked while mortgage delinquency/foreclosures were relatively low.. https://fred.stlouisfed.org/seriesBeta/DRSFRMACBS https://fred.stlouisfed.org/seriesBeta/DRCCLACBS Bond Default Rates Surpass 2008 Crisis Levels   h/t …

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Forbearance programs are leading to underwater loans, causing homeowners to owe more than their original mortgage.

Amid the housing market turbulence, forbearance programs are unraveling homeownership dreams as borrowers find themselves trapped in a vicious cycle of debt. With equity eroded and surprise liens looming, the reality of deferred payments is dawning harshly on many. 2) What this gentlemen describes is the status quo- "I don't have to pay it right …

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