Do you see a large, significant jump in foreclosures coming? Underwriting has been so much stronger over the past 10 years that is very different than in the run up to 2008.
We don't have no-money-down mortgages anymore so we won't get a flush of defaults just because houses stop increasing in value. The only possible weak spot would be with investor financing but I don't know investor financing. It might be totally fine but since I don't understand it, I'm a bit worried there might be a weird investor financing out there.
Hi John,
Do you see a large, significant jump in foreclosures coming? Underwriting has been so much stronger over the past 10 years that is very different than in the run up to 2008.
We don't have no-money-down mortgages anymore so we won't get a flush of defaults just because houses stop increasing in value. The only possible weak spot would be with investor financing but I don't know investor financing. It might be totally fine but since I don't understand it, I'm a bit worried there might be a weird investor financing out there.