The Black Knight Mortgage Monitor shows the first annual rise in defaults since the crisis.
- An estimated 243K borrowers defaulted on first lien mortgages in Q2 2019
- While the quarter ending on a Sunday certainly played a factor in the rise in defaults, a noticeable overall slowdown in the decline in default activity has been observed.
- The national default rate rose by 3% compared to Q2 2018, the first such annual rise since the financial crisis (adjusting for the 2017 hurricane season)
So it isn’t a rise at all.
ReplyDeleteThe company adjusted the numbers (fudged) for the massive destruction caused by the US Military using manufactured (man made) weather events.
I speak from experience...the increasing student loan debt - not as much on the students but on the backs of parents- is becoming the single, largest and unplanned debt burden on millions of families across the country.
ReplyDeleteOur government has allowed colleges and universities to hi-jack our high school graduates by creating an easy flow of cash on the back of students and their parents. And the universities have absolutely zero skin in the game. If you don't finish or flunk out, you still owe the money. The college, on the other hand, keeps the money regardless.
And it's not like the kids are getting smarter. Plus, the liberal colleges are creating an entire population of brainwashed socialists.
What a scam!
Could that be becasue taxes on people are so high, they can't pay their mortgage???? Oh but this stuff never happens right?
ReplyDelete8:32 AM Actually, when the market crashed and home values fell, cities jacked up the tax rate.
ReplyDeleteNow that values are rising, people are paying more than when the house was of equal value before the crash.
So, yea