Historic Housing Crash Accelerating as Delinquencies and Foreclosures Surge | Melody Wright

Interview recorded - 20th of October, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Melody Wright. Melody Wright is a real estate, macro, and technology analyst who began her mortgage career at GMAC ResCap in 2006 and helped manage the historic ResCap bankruptcy. She publishes the M3 Melody Substack. During our conversation we spoke about the current situation in the markets, why we're seeing risks of a housing crash, increasing delinquencies and foreclosures, private credit and more. I hope you enjoy!0:00 - Introduction1:57 - Housing Market Update8:01 - New homes overview9:09 - Crash catalysts12:37 - Delinquencies to Foreclosures18:50 - Secular shift away from Housing?25:13 - Survey data problems30:33 - Private Credit31:50 - One message to takeaway?Melody Wright - X - https://x.com/m3_melodySubstack - https://m3melody.substack.com/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas