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Started By
Message
A reminder that around 12% of CC debt is 90+ days past due
Posted on 4/23/25 at 7:46 am
Posted on 4/23/25 at 7:46 am
5.3 M student borrowers in default + 4 M more delinquent when DOE resumes collections May 5th
FICO scores saw their first drop since 2020, driven by student loans re-entering credit reports.
6.56% of subprime auto loans are 60+ days past due - the highest in 30 years.
11.35% of credit card balances are 90+ days overdue - the highest rate since Q4 2011.
FHA, FNMA, & Freddie Mac just ended forbearance and fraud programs left over from Covid that were keeping people in houses through the use of taxpayer funds
The real effects of tariffs have not been felt on a wide scale yet
275,240 job cuts in March
What's next?
Source:
FICO scores saw their first drop since 2020, driven by student loans re-entering credit reports.
6.56% of subprime auto loans are 60+ days past due - the highest in 30 years.
11.35% of credit card balances are 90+ days overdue - the highest rate since Q4 2011.
FHA, FNMA, & Freddie Mac just ended forbearance and fraud programs left over from Covid that were keeping people in houses through the use of taxpayer funds
The real effects of tariffs have not been felt on a wide scale yet
275,240 job cuts in March
What's next?
Source:
quote:
According to reports from the Federal Reserve Bank of New York and the Philadelphia Fed, the share of credit card balances that are 90+ days overdue has reached a multi-year high, with some data going back to Q4 2011. The New York Fed reported that in Q4 2024, 11.35% of credit card balances were 90+ days delinquent, the highest level seen since Q4 2011. The Philadelphia Fed also indicated that the share of credit card balances past due by 90 days or more climbed to a 12-year high in Q4 2024
14
Posted on 4/23/25 at 7:48 am to stout
quote:Take out government jobs. Those don’t count
275,240 job cuts in March
Posted on 4/23/25 at 7:48 am to stout
Some deadbeats about to get a rude awakening.
Posted on 4/23/25 at 7:48 am to stout
The average person is a financial idiot
Posted on 4/23/25 at 7:49 am to stout
Looks like everyone will need to refi those 2-3% mortgage rates like the banks want
Posted on 4/23/25 at 7:50 am to SDVTiger
quote:
Looks like everyone will need to refi those 2-3% mortgage rates like the banks want
HELOCs about to go hard if they haven't already burned through that equity
Posted on 4/23/25 at 7:50 am to stout
quote:
stout
Been chasing the 2008-esque RE crash fir like 8 years now
THIS MIGHT BE IT!!!!
Posted on 4/23/25 at 7:51 am to stout
How do all these numbers compare to 2008
Posted on 4/23/25 at 7:53 am to TigersHuskers
Sorry you hate the data and also ignore the facts presented constantly that our Government has propped up certain segments through abusing programs and printing money both at the taxpayers expense.
Keep your head in the sand because you are too stupid to lift it out
Keep your head in the sand because you are too stupid to lift it out
Posted on 4/23/25 at 7:54 am to stout
Let me know when the crash happens. Been waiting since 2018.
Posted on 4/23/25 at 7:55 am to evil cockroach
quote:
How do all these numbers compare to 2008
That's as relevant as asking how it compares to 1929
Posted on 4/23/25 at 7:56 am to TigersHuskers
If one were to happen, I doubt you would be prepared. You are happy in ignorant bliss now so that's all that matters.
Posted on 4/23/25 at 7:56 am to TigersHuskers
quote:
Been chasing the 2008-esque RE crash fir like 8 years now
THIS MIGHT BE IT!!!!
I mean it should have happened a long time ago.
It would have happened but-for government printing trillions and making interest rates artificially low for about a decade to specifically thwart this.
Posted on 4/23/25 at 7:56 am to TigersHuskers
quote:
Been chasing the 2008-esque RE crash fir like 8 years now
He's presenting you with information, and you act like this.
He's not attacking Trump, he's telling you actual economic realities of govt policies over the past 15 years. I dont know why you hate learning new things.
Posted on 4/23/25 at 7:56 am to evil cockroach
quote:
How do all these numbers compare to 2008
r/REBubble has good info. The crash has been on hold since 2018. But this'll be the year!!!!
Posted on 4/23/25 at 7:56 am to evil cockroach
quote:
How do all these numbers compare to 2008
Dont think you can compare them
With the amount of equity in homes you are not a high iq person if you end up in foreclosure
That would almost be by choice. But its not stopping ppl from selling the 2008 doom and gloom
Posted on 4/23/25 at 7:57 am to TigersHuskers
quote:
Let me know when the crash happens. Been waiting since 2018.
If we're not doing QE or inane rate-lowering again, it's going to happen finally.
Posted on 4/23/25 at 7:58 am to SDVTiger
quote:
With the amount of equity in homes you are not a high iq person if you end up in foreclosure
If this starts to spill over, that equity is going to evaporate, too.
That equity was built on the same artificial reality of printing trillions + forced-low interest rates. It can't survive a more normal environment without manipulation.
Posted on 4/23/25 at 7:59 am to SlowFlowPro
quote:
this starts to spill over, that equity is going to evaporate, too.
values are not dropping 50% 08 wont happen cause the banks have the mod playbook down
Posted on 4/23/25 at 8:01 am to SlowFlowPro
People like him ignore the insane amounts of liquidity injections the FED uses to "stabilize the market" and think it's all normal.
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