JPMorgan has set aside $10 billion to cover losses its expects soon as consumers and real estate companies can’t pay their mortgages, credit cards, etc.

Follow the $$$. The banks anticipate a lot more pain. https://t.co/Dzu1ouoSVc

— Heather Long (@byHeatherLong) July 14, 2020

An indicator that presaged the Housing Crisis is flashing red again

New mortgage delinquencies hit a record in April as people couldn’t pay. Many Americans did enter forbearance programs, but will they be able to pay in August/Sept/Oct?https://t.co/ect6mmNXLr by @andrewvandam pic.twitter.com/Ee1ifh6KJr

— Heather Long (@byHeatherLong) July 14, 2020