Logan Mohtashami on why the foreclosure fanatics are wrong (again)
HousingWire Daily
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The Rise of Foreclosure Fanatics
The housing bubble boys are very predictable set and structure speech matter. Credit channel data is not their expertise. When we see credit getting worse, you get a job loss recession first and then what we call late cycle lending. If somebody lost their job and a lot of equity, they can do that. But in scale terms, it's nothing like 2008 because in 2008, we had Verizon foreclosures and bankruptcies years before the job loss recession happened.
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