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Investments > Investing Science > Re: foreclosure...
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Re: foreclosures spreading to wealthy la la lands

by forbisgaryg@[EMAIL PROTECTED] Apr 7, 2008 at 06:18 AM

On Apr 6, 10:14=A0pm, Mr Bubble <scrub...@[EMAIL PROTECTED]
> wrote:
> > So what is the year over year average forclosure rate? =A0How far
> > off the norm is this year relative to others? =A0Are we within the
> > 70th precentile?
> >
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=

>
> > About 1 percent for the yoy rate. =A0If this year is about 50 percent
> > higher, then we are at about 1.5 percent yoy. =A0It is no big deal
> > compared to the total amount of mortgages.
>
> > Fred
>
> see NYT--foreclosure Map of US
>
> http://www.nytimes.com/imagepages/2008/04/05/business/20080406
> _METRICS.html
>
> from the looks of that data i'd say we're about 5-7% as a national
> average now ( or 700% higher in your terminology).

If it's not free I can't access it.  I suspect those are subprime
ARM numbers rather than total mortgages.  The delinquency rate is
higher but not all delinquent loans are foreclosed.  Fredi doesn't
seem to care about the people just the loans so he aggregates these
loans with the rest and says it's no big deal.  In his way of
thinking if one person had a loan of $10,000,000 and 4 had loans
of $100,000 then even if all four defaulted it would be no big
deal but if the one defaulted it would be the end of the world.
 




 19 Posts in Topic:
foreclosures spreading to wealthy la la lands
Video61@[EMAIL PROTECTED]  2008-04-06 18:23:36 
Re: foreclosures spreading to wealthy la la lands
phil scott <phil@[EMAI  2008-04-06 19:41:44 
Re: foreclosures spreading to wealthy la la lands
"FrediFizzx" &l  2008-04-06 19:45:23 
Re: foreclosures spreading to wealthy la la lands
Blash <blash1@[EMAIL P  2008-04-06 23:03:35 
Re: foreclosures spreading to wealthy la la lands
forbisgaryg@[EMAIL PROTEC  2008-04-06 20:23:28 
Re: foreclosures spreading to wealthy la la lands
"FrediFizzx" &l  2008-04-06 20:59:56 
Re: foreclosures spreading to wealthy la la lands
Mr Bubble <scrubbin@[E  2008-04-07 05:14:58 
Re: foreclosures spreading to wealthy la la lands
Video61@[EMAIL PROTECTED]  2008-04-06 20:54:00 
Re: foreclosures spreading to wealthy la la lands
Video61@[EMAIL PROTECTED]  2008-04-06 20:54:39 
Re: foreclosures spreading to wealthy la la lands
Video61@[EMAIL PROTECTED]  2008-04-06 20:57:25 
Re: foreclosures spreading to wealthy la la lands
forbisgaryg@[EMAIL PROTEC  2008-04-06 21:38:48 
Re: foreclosures spreading to wealthy la la lands
"FrediFizzx" &l  2008-04-06 23:15:54 
Re: foreclosures spreading to wealthy la la lands
Video61@[EMAIL PROTECTED]  2008-04-06 21:46:05 
Re: foreclosures spreading to wealthy la la lands
Lubow <dynamitemike@[E  2008-04-06 23:49:01 
Re: foreclosures spreading to wealthy la la lands
"FrediFizzx" &l  2008-04-07 00:09:57 
Re: foreclosures spreading to wealthy la la lands
Video61@[EMAIL PROTECTED]  2008-04-07 00:21:17 
Re: foreclosures spreading to wealthy la la lands
forbisgaryg@[EMAIL PROTEC  2008-04-07 06:07:38 
Re: foreclosures spreading to wealthy la la lands
forbisgaryg@[EMAIL PROTEC  2008-04-07 06:18:33 
Re: foreclosures spreading to wealthy la la lands
Video61@[EMAIL PROTECTED]  2008-04-07 09:30:55 

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