Hey, folks, data expert Rick Sharga will be live with vena jones-cox on Tuesday on Real Life Real Estate Investing. It’s at 5:00 PM Eastern. Send questions before the show to AskVena@gmail.com now and listen HERE for the answers at 5 pm Eastern.

• Delinquencies on consumer loans show signs of distress even as mortgage delinquency rates decline slightly.
• Early-stage mortgage delinquencies (30 and 60 days) ticked up slightly, as did other consumer loans; student loan repayments are set to resume now.
• As forbearance program nears its end, more exiting loans are delinquent and more need loan mods; fewer are paid off or current.
• Many of these loans were delinquent prior to the pandemic and may be candidates for foreclosures when the forbearance program is over.
• Economic factors could lead to more defaults. The combination of soaring insurance rates, higher property taxes & inflation could be toxic.
• Foreclosure starts now running at about 80% of pre-pandemic levels.
• ATTOM’s Q3 data is the first indication that numbers may be beginning to head back to more normal levels in the months ahead.

You and I both know that you aren’t gonna be reading and digesting a long business article at this time of year, so we’ll keep it light this week.

Don’t ask me why, but I have, over the years, accumulated an enormous amount of real estate poetry. The muse usually strikes me around Christmas time, which explains the “Night Before Christmas Meets Dr. Seuss” nature of a lot of this. Anyway, it amuses me—hopefully, it will give you a little smile, too.

Ode to Holyoke Lane by vena jones-cox

‘Tis the night before Christmas

And I bring a tale

Of five hard-learned lessons

From one little sale.

 

It’s a story of heartache,

Of trouble, of loss,

Of hassle and torment

And headach
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