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.