The Biggest Mortgage Collapse in U S History Just Got Worse Foreclosures Hit a 6 Year High

Foreclosures in America just hit a 6-year high. 273,000 active foreclosures right now per Intercontinental Exchange Mortgage Technology, with bank repossessions surging 45% year over year. In this video I break down the exact FHA loan vintages getting destroyed, why a war just sent mortgage rates back above 6.4%, and how Q1 builder earnings just confirmed the housing market is in worse shape than anyone is admitting.

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