Actually, the tsunami talk started about a year ago because that’s when the shadow bottleneck started and has been growing ever since.

Putting your hands over your ears and yelling “la la la it’s not real”… does not make it go away. It is still unrecognized downward pressure. Up to about 10 million mortgages nation wide. Now, I know SDs deep pockets can withstand what ever comes it’s way. But some other areas may not fare so well.