Driving Off a Cliff?
Donald Trump’s tariffs will make the U.S. auto industry less competitive and leave the industry out of step with the auto market's shift to EVs.
According to the latest report by the Mortgage Bankers Association (MBA), 1.35 million homes were in foreclosure in the third quarter of the year, a jump of 73% over a year earlier. Three percent of all homes are now in foreclosure, and another 7% of homeowners are behind on their payments.
With 10% of homeowners now either in foreclosure or behind on their mortgages, unemployment spiking upwards and the recession deepening, the MBA predicts that the number of troubled mortgages will increase, including a larger share of Prime as well as Subprime mortgages.