So you pull 14 of 35 to characterize svelte as mistaken? You actually missed three others that were at 80% LTV or below, but even with those, the collective LTV of the 21 that remain is 92% with eight at 95% or higher.
Should never assume, but I don’t think that svelte was suggesting all of those loans were at risk, just more than the norm.
Average P&I on these loans is $5,900/mo, with the highest at almost $8,000 (and lowest at $3,650). Average for what I’m calling the at-risk group is $6,500. That’s $78K in annual take home pay and remember, that’s net *after* taxes and doesn’t consider the rest of what comprises monthly housing costs. No doubt these folks better be in a different salary league, but it seems like job loss could be as devastating as for anyone else.
Unless you have something more substantive regarding where they might have stashed all this other capital besides their house, I’d say svelte’s got you here.
