Say it isn't so...

By
Real Estate Agent with Reece & Nichols

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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Tags:
foreclosures
economy
debt
bank losses

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,168,718
Wayne Martin
Wayne M Martin LLC - Sarasota, FL
Real Estate Broker

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!

Aug 31, 2011 11:24 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
9,383

Rachel Hunt

Ask me a question
*
*
*
*
Spam prevention