All data is wrong. It’s just a matter of how much.
15-20 million homes underwater. How many strategic walkers stashing there mortgage payment away, waiting? 10%, 20%, 30%
With over 6 million job losses over the past 12 months. How many homeowners in this group that are sitting in their home not paying? I’d say over a million at least.
I think residential is like 9 percent delinquent which is probably 8-9 million mortgages.
The vast majority of metropolitan areas prices are still decreasing.
You know the number is going to be high and 7 million is probably in the ball park.
