Jon Brooks(@jonbrooks ):No kidding. For 5 years, we ran mortgage “workout” programs where missed payments were pushed to the BACK of the loan. People weren’t current. The debt was just delayed. Now those programs are ending. And suddenly: • Delinquencies are rising • Foreclosures are climbing • Short sales are returning • Consumers are tapped out A massive amount of financial stress was papered over after 2020. Now the bill is finally coming due.

Jon Brooks

@jonbrooks

Most housing headlines are wrong. I break down what’s actually happening in real time. $3.5B+ sold | 8,500+ units since 2020 60k+ subs on Substack Newsletter

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Jon Brooks@jonbrooks

2026.05.14 19:56

No kidding. For 5 years, we ran mortgage “workout” programs where missed payments were pushed to the BACK of the loan. People weren’t current. The debt was just delayed. Now those programs are ending. And suddenly: • Delinquencies are rising • Foreclosures are climbing • Short sales are returning • Consumers are tapped out A massive amount of financial stress was papered over after 2020. Now the bill is finally coming due.