[mEDITate-OR:
procrastinate thinking or seeing the full implications of this disaster.
These three CR article, with the charts, show U.S. that this is a LONG way from being even close to over.
The first article is proof of what we have long suspected - that the lender/banks are intentionally holding back on starting foreclosures, on completing the foreclosure, on listing the REO home, and on short sales and on modifications.
The second article describes for U.S. how bad the "negative equity" problem is.
AND, since it primarily concentrated in the sand states - Nev, Cal, Fla & AZ - the problem there is MUCH worse.
Said CR:
Note that the slight decline in homeowners with negative equity was mostly due to foreclosures.
It is NOT getting better, it is still terrible, maybe even with unemployment, getting worse.
The third article shows U.S. how "delinquent we really are now.
What was just reported is that 1 payment or 30 delinquencies are now rising, again.
Ugly.
---------
Remember: Go to CR's articles for the LARGE charts.
-----------
-----------
------------
------------
===========
Are lenders "procrasti
http://www.calculatedriskblog.com/2010/08/are-lenders-procrastinating-on.html
---------
CoreLogic: 11 Million U.S. Properties with Negative Equity in Q2
http://www.calculatedriskblog.com/2010/08/corelogic-11-million-us-properties-with.html
----------
MBA Q2 2010:14.42% of Mortgage Loans Delinquent or in Foreclosure
http://www.calculatedriskblog.com/2010/08/mba-q2-2010-1442-of-mortgage-loans.html
=============
No comments:
Post a Comment