Yes
And another purge to happen too
I don’t wish debt on anyone
It’s really an unfair system in over priced credit
I want to know how anyone can afford anything period.
I mean really
How
Rent?
Have no kids.
Ride a bike to work
This is a subcategory focusing on multifamily, not all delinquency rates. All delinquency rates are at an all time low, this is concerning though because multifamily = people who are struggling to put food on their table for their family(ies).
This shows "serious delinquency rates of multi-family homes"
While still alarming, it's does not compare to what the 2008 crisis levels were involving single family units. These are townhomes with owners not filling them and not having enough cash on hand to pay the mortgages on time
It's also 1/4 - 1/10 the delinquency rate of mortgages on single-to-four unit properties, AND it's from 2024.
The 2008 delinquency rate on single family home mortages was 22%, the graph he posted shows 0.4% for mutli-famil units.
You’re correct. That original chart states it’s multi family but the headline on the top appears misleading. Still concerning tho. I worked at Freddie in single family til layoffs in 2008. I won’t be cleaning up that mess anymore.
Thanks. Everything I was finding said the opposite. I was a mortgage underwriter for 2 decades, before/during/after the crash. After the crash underwriting was more conservative and rates so much lower, so it was surprising to see that claim in the OP.
Yeah it would be hard to have a delinquency rate as high as 09 without a complete econ crash and extended unemployment because the lending is stricter. You would have heard about it elsewhere
It is worth noting that this data is for Multi-Family (cut off from the chart title.) Still looking for a reliable source for this data... Here's the data for Single-Family Residential Mortgages https://fred.stlouisfed.org/series/DRSFRMACBS
No worries. This wouldn't be good for the fucking stock market. And the New Nazi Party won't let anything happen to that. This is where DOGE comes in and the musky one will just use the social security fund to bail out Freddie Mac.
Comments
And another purge to happen too
I don’t wish debt on anyone
It’s really an unfair system in over priced credit
I want to know how anyone can afford anything period.
I mean really
How
Rent?
Have no kids.
Ride a bike to work
https://www.theguardian.com/commentisfree/2025/feb/18/donald-trump-global-collapse-wildfires-pandemic-financial-crisis
President Zelensky today when they said he didn’t thank them enough
When they tank the economy to the absolute bottom and buy it all up and piecemeal it back to the people
They will expect thanks
While still alarming, it's does not compare to what the 2008 crisis levels were involving single family units. These are townhomes with owners not filling them and not having enough cash on hand to pay the mortgages on time
https://fred.stlouisfed.org/series/DRSFRMACBS
In 2025 two men decided to fleece America.
The 2008 delinquency rate on single family home mortages was 22%, the graph he posted shows 0.4% for mutli-famil units.
https://fred.stlouisfed.org/series/DRSFRMACBS
See, nothing to worry about at all!