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  • March 20, 2008 at 3:13 PM #12196
    HereWeGo
    Participant

    What a post over at Housing Wire.

    17.4% delinquincies in Alt-A??? Up to 70% fraudulent???

    Wow.

    March 20, 2008 at 3:21 PM #173881
    svelte
    Participant

    We’re goin off the rails on this crazy train.

    That’s not the figure that caught my eye the most…it was this one:

    Clayton reported that subprime first lien average loss severity increased to 45.80 percent in February, up from 42.56 percent in January

    Lenders are getting back only about 54 cents on the dollar when taking back a subprime home! (if I read that right)

    March 20, 2008 at 3:21 PM #174225
    svelte
    Participant

    We’re goin off the rails on this crazy train.

    That’s not the figure that caught my eye the most…it was this one:

    Clayton reported that subprime first lien average loss severity increased to 45.80 percent in February, up from 42.56 percent in January

    Lenders are getting back only about 54 cents on the dollar when taking back a subprime home! (if I read that right)

    March 20, 2008 at 3:21 PM #174233
    svelte
    Participant

    We’re goin off the rails on this crazy train.

    That’s not the figure that caught my eye the most…it was this one:

    Clayton reported that subprime first lien average loss severity increased to 45.80 percent in February, up from 42.56 percent in January

    Lenders are getting back only about 54 cents on the dollar when taking back a subprime home! (if I read that right)

    March 20, 2008 at 3:21 PM #174328
    svelte
    Participant

    We’re goin off the rails on this crazy train.

    That’s not the figure that caught my eye the most…it was this one:

    Clayton reported that subprime first lien average loss severity increased to 45.80 percent in February, up from 42.56 percent in January

    Lenders are getting back only about 54 cents on the dollar when taking back a subprime home! (if I read that right)

    March 20, 2008 at 3:21 PM #174242
    svelte
    Participant

    We’re goin off the rails on this crazy train.

    That’s not the figure that caught my eye the most…it was this one:

    Clayton reported that subprime first lien average loss severity increased to 45.80 percent in February, up from 42.56 percent in January

    Lenders are getting back only about 54 cents on the dollar when taking back a subprime home! (if I read that right)

    March 20, 2008 at 3:31 PM #174342
    HereWeGo
    Participant

    No biggie … Ambac and MBIA have it covered.

    March 20, 2008 at 3:31 PM #174259
    HereWeGo
    Participant

    No biggie … Ambac and MBIA have it covered.

    March 20, 2008 at 3:31 PM #174247
    HereWeGo
    Participant

    No biggie … Ambac and MBIA have it covered.

    March 20, 2008 at 3:31 PM #174240
    HereWeGo
    Participant

    No biggie … Ambac and MBIA have it covered.

    March 20, 2008 at 3:31 PM #173896
    HereWeGo
    Participant

    No biggie … Ambac and MBIA have it covered.

    March 21, 2008 at 12:12 PM #174301
    donaldduckmoore
    Participant

    What kind of fraud are they talking about? Anyone has any insights?

    March 21, 2008 at 12:12 PM #174648
    donaldduckmoore
    Participant

    What kind of fraud are they talking about? Anyone has any insights?

    March 21, 2008 at 12:12 PM #174651
    donaldduckmoore
    Participant

    What kind of fraud are they talking about? Anyone has any insights?

    March 21, 2008 at 12:12 PM #174663
    donaldduckmoore
    Participant

    What kind of fraud are they talking about? Anyone has any insights?

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