Henry Blodget from the Business Insider wrote that 31% of the nations securitzed loans are non-performing (in default).  That just doesn't seem realistic.  Does anyone have a better number?  If not, then the sky is definitely falling.

 
Posted by Rachel Hunt on 08/31/2011 09:35 AM   Comments (1)   Loan Defaults in the Mortgage / Finance Channel   debt, bank losses, economy, foreclosures  
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1 Comments on Say it isn't so...

AUG
31
2011
563,987 Points 10 Featured Posts Called Shot Master

The state with the highest percentage of mortgages in foreclosure is Florida with 14.4%. In Florida, one of every four mortgages are in default with payments thirty or more day overdue. The next nearest state is Nevada with under 9% of mortgages in foreclosure. I suspect somewhat less than one in five mortgages are in some form of technical default. Mnay are 60 days or less and probably will never move forward to foreclosure. The sky is not falling and if people use common sense, this current cycle can end soomer than predicted!
11:24am • #1


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