Logan Mohtashami on purchase apps and lower mortgage rates
HousingWire Daily
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Foreclosure Data, if It's Growing, It Can't Go Back to 2008.
The 2005 bankruptcy reform laws and the 2010 QM laws have taken those debt structures off the grid, Rubini says. People were losing their homes before the job loss was happening, right? Recast rates, all those things, they're gone. The only time we've ever had a waterfall dive in retail sales is literally COVID and the aftermaths of the credit busting. I'm imploring you people. Be careful of older men from Wall Street. There's something about this group that as they get older and older, they just get so bearish.
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