Dave Crater NMLS 1450363

Saving HUGE amount of money busy professionals before during and after they purchase their dream homes

[The Kobeissi Letter @KobeissiLetter]

US home foreclosures are accelerating:

Properties with foreclosure filings rose +26% YoY in Q1 2026, to ~119,000, the highest in 6 years.

The last time foreclosures were at this high was Q1 2020, just before government relief programs and pandemic stimulus caused them to decline.

Foreclosure filings have more than TRIPLED since the post-pandemic low.

The increase has been driven by soaring home insurance bills, property taxes, and homeowner association fees rather than mortgage defaults alone.

In 2025, the average annual home insurance bill jumped +12% YoY, to a record $2,948.

At the same time, average property tax on US single-family homes rose +3% YoY, to $4,427, also the highest on record.

Financial pressures on homeowners are surging.

[Dave Crater NMLS 1450363 @dcrater]

Rate Relief? Come on, now!!!

[Dave Crater NMLS 1450363 @dcrater]

It took @Equifax 8 days to tell me I wasn't going to order enough verification of employments from them to tell me i was too small...I said, what took you so long, lady hung up on me...thanks! Great customer service. Monopoly generation!!

[Dave Crater NMLS 1450363 @dcrater]

Holy Shit. Thanks slick Willy. I remember cleaning all this up post ‘08. Great job!!

[Documenting Saylor @saylordocs]

Jeffrey Epstein claims that Bill Clinton wanted votes in the election so bad he threatened the large banking institutions with “discriminatory lending” if they refused to approve subprime mortgages — which ultimately led to the 2008 financial crisis.

[Dave Crater NMLS 1450363 @dcrater]

Rates have gone UP since the Fed announcement. Market had it baked in.

[The Kobeissi Letter @KobeissiLetter]

US consumers are piling into credit card debt like never before:

Total US credit card debt hit $1.1 trillion in the week ending July 16th, matching a record high set in May.

Year-to-date, credit card debt has risen by +$17 billion.

Since April 2021, it has surged by a whopping +$363 billion.

That’s an average increase of +$7.3 billion PER MONTH.

The worst part?

This does not include "Buy Now, Pay Later" spending, which is projected to hit a record $116.7 billion this year.

Americans are "fighting" inflation with credit card debt.

[Lance Lambert @NewsLambert]

U.S. home prices, as measured by Case-Shiller, rose +0.4% month-over-month between the April 2025 and May 2025 reading

That's a soft print (seasonally adjusted, it's -0.3% MoM)

Year-over-year: +2.3%
Since the 2022 peak: +7.6%
Since March 2022: +51.1%

[Dave Crater NMLS 1450363 @dcrater]

Mortgage Backed Securities making a rally to end the month with lower interest rates? Stay tuned. We shall see!

[Dave Crater NMLS 1450363 @dcrater]

Just News of dumpin’ Powell moves the Mortgage Backed Securities .07 Rebounds from the knee jerk reaction

[Dave Crater NMLS 1450363 @dcrater]

@biancoresearch Saw that. Lol

[Dave Crater NMLS 1450363 @dcrater]

@NewsLambert True

[Dave Crater NMLS 1450363 @dcrater]

Buyers Market?

[Barchart @Barchart]

Home Sellers now outnumber Buyers by almost 500,000, the largest gap ever recorded 👀

[Barchart @Barchart]

Investors are now "all-in" on stocks with the highest equity allocation in history 🚨 The only time it was higher was just before the Dot Com Bubble Burst 👀

[Dave Crater NMLS 1450363 @dcrater]

Woah...that didn't take long!

[Dave Crater NMLS 1450363 @dcrater]

Economic Calendar today...Noon should tell the story of rates today...

[Dave Crater NMLS 1450363 @dcrater]

Barry Habib Nails it!

https://t.co/SYVKiKZvrP

[Dave Crater NMLS 1450363 @dcrater]

Happy Mother’s day to the best moms in the business!!

[Dave Crater NMLS 1450363 @dcrater]

More great news

[Global Markets Investor @GlobalMktObserv]

🚨US excess savings are completely GONE:

From March 2020 until August 2021, $2.1 trillion in excess savings were built up after historic stimulus.

Since then, US households have depleted these savings and even more, which brought the total level down to -$900 BILLION.

Crazy.

[Dave Crater NMLS 1450363 @dcrater]

Woah

[unusual_whales @unusual_whales]

Currently, roughly 5.3 million borrowers are in default on their federal student loans, per AP