Talk Data to Me Live: Consumer Debt & Foreclosure Trends with Weltman
Consumer debt increased by $46 billion in the second quarter of 2022, which is the largest increase in a quarter in the past 20 years.
What does this mean for the economy, housing market, and most importantly, lenders and borrowers? At the Mortgage Bank Association’s Annual Conference 2022, we sat down with the experts over at Weltman, Weinberg & Reis Co., LPA , Chris Kimes, Director of Business Development, and Benjamin Hoen, Shareholder, to discuss what they are seeing when it comes to consumer debt, the impacts of inflation, and trends in consumer spending. During the conversation, we will also explore ways consumers are leveraging home equity to combat financial hardships, how the 24 million borrowers in forbearance and 5.1 million in default will affect foreclosures in the coming months, and their predictions for 2023 and beyond.
Connect with Ben on LinkedIn: https://www.linkedin.com/in/benjamin-hoen-b9428148/
Connect with Chris on LinkedIn: https://www.linkedin.com/in/chriskimes/
Hear more “Talk Data to Me” episodes: https://www.certifiedcredit.com/podcast/