Homeowners are DEFAULTING ON MORTGAGES (US Government gave them Bad Loans)

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The US government is repeating its past mistakes by injecting bad mortgages into the housing market, just like they did in 2008.

This is a ticking time bomb that’s going to trigger a wave of defaults and foreclosures.

The debt-to-income ratio of FHA mortgage borrowers is alarming - they’re spending a staggering 44% of their income on mortgage and debt costs...

This is higher than the levels during the peak of the last bubble.

To make matters worse, the default rate on these mortgages hit a shocking 12% in February 2023.

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