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Arraya.
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January 17, 2010 at 12:21 AM #503721January 17, 2010 at 5:58 AM #502838
Arraya
ParticipantA few months back, I posted some data from a federal reserve website that had 60-90 day lates. It was a pretty good tool, you could break it down by country for every state. It had those delinquencies at like 9% for prime. Then from another article I found data regarding the subprime and Alta-A delinquencies which was like 15% and 23% respectively. However that was for all, including 30 days. So for SD country that may not be far off.
Doing a quick back of the envelope given 600K thousand mortgages in SD and how they break down per mortgage type you can get some rough numbers regarding people not paying. Which probably is not to far off from 15-16%.
January 17, 2010 at 5:58 AM #502987ParticipantA few months back, I posted some data from a federal reserve website that had 60-90 day lates. It was a pretty good tool, you could break it down by country for every state. It had those delinquencies at like 9% for prime. Then from another article I found data regarding the subprime and Alta-A delinquencies which was like 15% and 23% respectively. However that was for all, including 30 days. So for SD country that may not be far off.
Doing a quick back of the envelope given 600K thousand mortgages in SD and how they break down per mortgage type you can get some rough numbers regarding people not paying. Which probably is not to far off from 15-16%.
January 17, 2010 at 5:58 AM #503388ParticipantA few months back, I posted some data from a federal reserve website that had 60-90 day lates. It was a pretty good tool, you could break it down by country for every state. It had those delinquencies at like 9% for prime. Then from another article I found data regarding the subprime and Alta-A delinquencies which was like 15% and 23% respectively. However that was for all, including 30 days. So for SD country that may not be far off.
Doing a quick back of the envelope given 600K thousand mortgages in SD and how they break down per mortgage type you can get some rough numbers regarding people not paying. Which probably is not to far off from 15-16%.
January 17, 2010 at 5:58 AM #503479ParticipantA few months back, I posted some data from a federal reserve website that had 60-90 day lates. It was a pretty good tool, you could break it down by country for every state. It had those delinquencies at like 9% for prime. Then from another article I found data regarding the subprime and Alta-A delinquencies which was like 15% and 23% respectively. However that was for all, including 30 days. So for SD country that may not be far off.
Doing a quick back of the envelope given 600K thousand mortgages in SD and how they break down per mortgage type you can get some rough numbers regarding people not paying. Which probably is not to far off from 15-16%.
January 17, 2010 at 5:58 AM #503731ParticipantA few months back, I posted some data from a federal reserve website that had 60-90 day lates. It was a pretty good tool, you could break it down by country for every state. It had those delinquencies at like 9% for prime. Then from another article I found data regarding the subprime and Alta-A delinquencies which was like 15% and 23% respectively. However that was for all, including 30 days. So for SD country that may not be far off.
Doing a quick back of the envelope given 600K thousand mortgages in SD and how they break down per mortgage type you can get some rough numbers regarding people not paying. Which probably is not to far off from 15-16%.
January 17, 2010 at 8:30 AM #502869jpinpb
ParticipantI’d like to know how it is determined. If they are going strictly by NODs filed, then it is way off, b/c many are not paying their mortgage AND not even receiving NODs.
January 17, 2010 at 8:30 AM #503017ParticipantI’d like to know how it is determined. If they are going strictly by NODs filed, then it is way off, b/c many are not paying their mortgage AND not even receiving NODs.
January 17, 2010 at 8:30 AM #503418ParticipantI’d like to know how it is determined. If they are going strictly by NODs filed, then it is way off, b/c many are not paying their mortgage AND not even receiving NODs.
January 17, 2010 at 8:30 AM #503509ParticipantI’d like to know how it is determined. If they are going strictly by NODs filed, then it is way off, b/c many are not paying their mortgage AND not even receiving NODs.
January 17, 2010 at 8:30 AM #503761ParticipantI’d like to know how it is determined. If they are going strictly by NODs filed, then it is way off, b/c many are not paying their mortgage AND not even receiving NODs.
January 17, 2010 at 10:24 AM #502884peterb
ParticipantWithout an NOD, how would this be calculated? I think the collections dept of the lender/servicers are the only ones that may know the truth about this. Who would they tell?
January 17, 2010 at 10:24 AM #503032ParticipantWithout an NOD, how would this be calculated? I think the collections dept of the lender/servicers are the only ones that may know the truth about this. Who would they tell?
January 17, 2010 at 10:24 AM #503433ParticipantWithout an NOD, how would this be calculated? I think the collections dept of the lender/servicers are the only ones that may know the truth about this. Who would they tell?
January 17, 2010 at 10:24 AM #503524ParticipantWithout an NOD, how would this be calculated? I think the collections dept of the lender/servicers are the only ones that may know the truth about this. Who would they tell?
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