Wednesday, June 23, 2010

Mortgage performance vs cure rates

[mEDITate-OR:
not try to click on this chart to change its size.

Where the date came from is of interest, true.
But, accepting that it is accurate...
LOOK at where we are now.

30 days late maybe 30% of U.S. will be able to cure..
90 days late and NO body can cure.

That is really, REALLY ugly.

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Please note, this in only ONE of Michael's charts.
Go there, and see for yourself.

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Key Property Charts
to Make Sense of This Week’s Housing Numbers
June 22, 2010
http://seekingalpha.com/article/211257-key-property-charts-to-make-sense-of-this-weeks-housing-numbers?source=email
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