Multifamily Delinquency Surge?

In this video, we address a viral image which has been doing the rounds online and on social media. Prominent public figures such as Patrick Bet-David have been sharing the chart of Freddie Mac mortgage delinquencies currently being higher than 2008 levels.

However this chart actually shows Multifamily delinquencies which is relevant to our channel. What does the spike in delinquencies actually mean and are we about to see a significant price drop across the market?

#freddiemac #multifamilyinvesting #realestateinvesting