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Reply #4: Something like that...there's only $92.8 Billion in Subprime & Alt-A foreclosures [View All]

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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 02:59 PM
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4. Something like that...there's only $92.8 Billion in Subprime & Alt-A foreclosures
Here, you look for yourself:

Subprime: http://www.newyorkfed.org/regional/States_ABS_2008_08.x...

Alt-A: http://www.newyorkfed.org/regional/States_AltA_2008_08....

The total Subprime universe is $536 Billion. 10.7% are in Foreclosure. = $52.1 Billion
The total Alt-A universe is $727 Billion. 4% are in Foreclosure. = $40.7 Billion
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  -U.S. Government Mortgage Re-Evaluation Program kentuck  Sep-20-08 02:43 PM   #0 
  - One basic problem  lapfog_1   Sep-20-08 02:50 PM   #1 
  - But the homeowner has a mortgage...  kentuck   Sep-20-08 02:54 PM   #2 
     - The homeowner has a debt service obligation to a  lapfog_1   Sep-20-08 03:12 PM   #6 
        - No doubt about it, we are in a mess...  kentuck   Sep-20-08 03:24 PM   #7 
  - They invested nothing???  Motown_Johnny   Sep-20-08 02:57 PM   #3 
  - Have you foreclosed yet?  kentuck   Sep-20-08 03:02 PM   #5 
  - Something like that...there's only $92.8 Billion in Subprime & Alt-A foreclosures  Junkdrawer   Sep-20-08 02:59 PM   #4 
 

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