BREAKING: US foreclosure filings hit the highest since 2020

@exec_sum A foreclosed property still needs to be insured. The bank requires it. I have had the same carrier for this since 2009. Very loyal relationship.

@exec_sum So is this a reference to the WSJ article with this graph? Question is where it levels out? Also $ASPS certainly a good place to look as well as $PFSI Tuesday. wsj.com/economy/housin…

@exec_sum Blackrock reading this

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@exec_sum Are you short mortgages? Are you short anything? Do you even lift?

@exec_sum Foreclosure data tracks consumer credit stress about a year out. If this is the trend, BNPL and credit card delinquencies are next.

@exec_sum I love Michael as a short seller lol