Alt-AyeAyeAye

[HereWeGo]

What a post over at Housing Wire.

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

Wow.

[svelte]

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)

[svelte]

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)

[svelte]

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)

[svelte]

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)

[svelte]

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)

[HereWeGo]

No biggie … Ambac and MBIA have it covered.

[HereWeGo]

No biggie … Ambac and MBIA have it covered.

[HereWeGo]

No biggie … Ambac and MBIA have it covered.

[HereWeGo]

No biggie … Ambac and MBIA have it covered.

[HereWeGo]

No biggie … Ambac and MBIA have it covered.

[donaldduckmoore]

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

[donaldduckmoore]

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

[donaldduckmoore]

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

[donaldduckmoore]

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

[Author]

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