by Wolf Richter
Includes mortgages already delinquent before they were swept under the big federal rug of extend-and-pretend forbearance programs.
The mortgage delinquency-and-forbearance mess keeps getting messier – in record-setting ways. At the same time, the record-low mortgage rates continue to push certain other segments of the housing industry toward ever greater exuberance. That contradiction became humorously obvious on the Bloomberg News Economics front page, where side-by-side these two headlines appeared: