[NormsRevenge]

Glad Recovery Summer IS Here! Whewww!

[scottinoc]

The housing market still grapples with "unemployment, economic displacement in general, and still sits on over 5 million seriously delinquent loans that in all likelihood will at some point go into foreclosure," he said.

Fortunately, that number is actually going to be 1.5M due to the 3.5M new jobs Joe Biden said were created. /s

[Paperdoll]

Now what are the banks going to do with all those houses but sell them at a huge loss, which means depositors will soon be feeling the pinch. Well, of course, everything is going according to the Congressional Progressives plan. Soon the government will be nationalizing the banks, and the people will be royally robbed!

I could have predicted this horror story when the government coerced the banks to issue sub prime loans! When was that? Five years or so ago?

[Bon mots]

Foreclosures will slow down because once the bank owns the home, it is liable for property taxes and insurance on it. They already are on the hook for a whole boatload of properties.

Of course, Obozo will proclaim this as some kind of ‘success’ - the falling foreclosure rate.