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CricketOnTheHearth.
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October 12, 2009 at 5:11 PM #468633October 12, 2009 at 5:13 PM #467805
Rt.66
ParticipantThanks CA Renter.
You make a good point, I think that even the numbers we do get are so horrible that those which are invisible to us need not even factor into the pain train (copyright TG) to make it something as horrifying as a Rob Zombie film.
The numbers I have brought to the table from multiple sources are Great Depression numbers, but you are correct it would be nice to be able to add the invisible stuff to it to get a clearer picture.
You gave me an epiphany, who would know about those people not paying but still have no NOD filed? Bankers! So I looked to the MBA.
You inadvertently sent me to a huge piece of the puzzle of the invisible shadow!
“WASHINGTON, D.C. (August 20, 2009) — The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter.
Top Line Results
The delinquency rate breaks the record set last quarter. The records are based on MBA data dating back to 1972.The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago. The combined percentage of loans in foreclosure and at least one payment past due was 13.16 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey”.
http://www.mbaa.org/NewsandMedia/PressCenter/70050.htm
“but does not include loans somewhere in the process of foreclosure” equals no NOD filed. Now if someone (I’m getting burnout) can figure what 9.24 percent of all loans outstanding as of the end of the second quarter of 2009 equals we have a number and then can use percentages to get to approx. CA numbers.
Whatever the number is, it’s friggin HUGE and getting worse.
October 12, 2009 at 5:13 PM #467986ParticipantThanks CA Renter.
You make a good point, I think that even the numbers we do get are so horrible that those which are invisible to us need not even factor into the pain train (copyright TG) to make it something as horrifying as a Rob Zombie film.
The numbers I have brought to the table from multiple sources are Great Depression numbers, but you are correct it would be nice to be able to add the invisible stuff to it to get a clearer picture.
You gave me an epiphany, who would know about those people not paying but still have no NOD filed? Bankers! So I looked to the MBA.
You inadvertently sent me to a huge piece of the puzzle of the invisible shadow!
“WASHINGTON, D.C. (August 20, 2009) — The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter.
Top Line Results
The delinquency rate breaks the record set last quarter. The records are based on MBA data dating back to 1972.The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago. The combined percentage of loans in foreclosure and at least one payment past due was 13.16 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey”.
http://www.mbaa.org/NewsandMedia/PressCenter/70050.htm
“but does not include loans somewhere in the process of foreclosure” equals no NOD filed. Now if someone (I’m getting burnout) can figure what 9.24 percent of all loans outstanding as of the end of the second quarter of 2009 equals we have a number and then can use percentages to get to approx. CA numbers.
Whatever the number is, it’s friggin HUGE and getting worse.
October 12, 2009 at 5:13 PM #468344ParticipantThanks CA Renter.
You make a good point, I think that even the numbers we do get are so horrible that those which are invisible to us need not even factor into the pain train (copyright TG) to make it something as horrifying as a Rob Zombie film.
The numbers I have brought to the table from multiple sources are Great Depression numbers, but you are correct it would be nice to be able to add the invisible stuff to it to get a clearer picture.
You gave me an epiphany, who would know about those people not paying but still have no NOD filed? Bankers! So I looked to the MBA.
You inadvertently sent me to a huge piece of the puzzle of the invisible shadow!
“WASHINGTON, D.C. (August 20, 2009) — The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter.
Top Line Results
The delinquency rate breaks the record set last quarter. The records are based on MBA data dating back to 1972.The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago. The combined percentage of loans in foreclosure and at least one payment past due was 13.16 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey”.
http://www.mbaa.org/NewsandMedia/PressCenter/70050.htm
“but does not include loans somewhere in the process of foreclosure” equals no NOD filed. Now if someone (I’m getting burnout) can figure what 9.24 percent of all loans outstanding as of the end of the second quarter of 2009 equals we have a number and then can use percentages to get to approx. CA numbers.
Whatever the number is, it’s friggin HUGE and getting worse.
October 12, 2009 at 5:13 PM #468415ParticipantThanks CA Renter.
You make a good point, I think that even the numbers we do get are so horrible that those which are invisible to us need not even factor into the pain train (copyright TG) to make it something as horrifying as a Rob Zombie film.
The numbers I have brought to the table from multiple sources are Great Depression numbers, but you are correct it would be nice to be able to add the invisible stuff to it to get a clearer picture.
You gave me an epiphany, who would know about those people not paying but still have no NOD filed? Bankers! So I looked to the MBA.
You inadvertently sent me to a huge piece of the puzzle of the invisible shadow!
“WASHINGTON, D.C. (August 20, 2009) — The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter.
Top Line Results
The delinquency rate breaks the record set last quarter. The records are based on MBA data dating back to 1972.The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago. The combined percentage of loans in foreclosure and at least one payment past due was 13.16 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey”.
http://www.mbaa.org/NewsandMedia/PressCenter/70050.htm
“but does not include loans somewhere in the process of foreclosure” equals no NOD filed. Now if someone (I’m getting burnout) can figure what 9.24 percent of all loans outstanding as of the end of the second quarter of 2009 equals we have a number and then can use percentages to get to approx. CA numbers.
Whatever the number is, it’s friggin HUGE and getting worse.
October 12, 2009 at 5:13 PM #468628ParticipantThanks CA Renter.
You make a good point, I think that even the numbers we do get are so horrible that those which are invisible to us need not even factor into the pain train (copyright TG) to make it something as horrifying as a Rob Zombie film.
The numbers I have brought to the table from multiple sources are Great Depression numbers, but you are correct it would be nice to be able to add the invisible stuff to it to get a clearer picture.
You gave me an epiphany, who would know about those people not paying but still have no NOD filed? Bankers! So I looked to the MBA.
You inadvertently sent me to a huge piece of the puzzle of the invisible shadow!
“WASHINGTON, D.C. (August 20, 2009) — The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter.
Top Line Results
The delinquency rate breaks the record set last quarter. The records are based on MBA data dating back to 1972.The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago. The combined percentage of loans in foreclosure and at least one payment past due was 13.16 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey”.
http://www.mbaa.org/NewsandMedia/PressCenter/70050.htm
“but does not include loans somewhere in the process of foreclosure” equals no NOD filed. Now if someone (I’m getting burnout) can figure what 9.24 percent of all loans outstanding as of the end of the second quarter of 2009 equals we have a number and then can use percentages to get to approx. CA numbers.
Whatever the number is, it’s friggin HUGE and getting worse.
October 12, 2009 at 5:15 PM #467815CA renter
ParticipantWhatever the number is, it’s BIG and getting worse.
———————Correct. This “crisis” is not over by a long shot…not even close, IMHO.
One way or another — either inflation or deflation — massive numbers of people are going to get hurt in a BIG way.
October 12, 2009 at 5:15 PM #467996ParticipantWhatever the number is, it’s BIG and getting worse.
———————Correct. This “crisis” is not over by a long shot…not even close, IMHO.
One way or another — either inflation or deflation — massive numbers of people are going to get hurt in a BIG way.
October 12, 2009 at 5:15 PM #468354ParticipantWhatever the number is, it’s BIG and getting worse.
———————Correct. This “crisis” is not over by a long shot…not even close, IMHO.
One way or another — either inflation or deflation — massive numbers of people are going to get hurt in a BIG way.
October 12, 2009 at 5:15 PM #468425ParticipantWhatever the number is, it’s BIG and getting worse.
———————Correct. This “crisis” is not over by a long shot…not even close, IMHO.
One way or another — either inflation or deflation — massive numbers of people are going to get hurt in a BIG way.
October 12, 2009 at 5:15 PM #468638ParticipantWhatever the number is, it’s BIG and getting worse.
———————Correct. This “crisis” is not over by a long shot…not even close, IMHO.
One way or another — either inflation or deflation — massive numbers of people are going to get hurt in a BIG way.
October 12, 2009 at 5:39 PM #467820Participantjpinpb, Another gotcha moment? I quoted him so I answered his main question all right.
SDCeller wrote: “Pretty much what I expected. If you posted with regard to question I asked, point me to it. All I’ve heard is shadow, shadow, shadow. As I mentioned in another post, my 4 1/2 year old talks about the shadow inventory. We both believe that something is looming out there, we just have no idea where it is and when it will materialize”
I showed him where it is and….. that is when/where it is materializing. You can see it on RealtyTrac or RealQuest interctive maps and seeing it show up on record, is it materializing.
As to your question “when will they sell it”, I don’t have a crystal ball so I can’t tell you when, but I can give you a clue as to why:
http://www.bloomberg.com/apps/news?sid=aDjJYMSphyM0&pid=20601087
and see if anyone else can tell us why most of its not being sold on the MLS yet. Why should I have all the fun?
October 12, 2009 at 5:39 PM #468002Participantjpinpb, Another gotcha moment? I quoted him so I answered his main question all right.
SDCeller wrote: “Pretty much what I expected. If you posted with regard to question I asked, point me to it. All I’ve heard is shadow, shadow, shadow. As I mentioned in another post, my 4 1/2 year old talks about the shadow inventory. We both believe that something is looming out there, we just have no idea where it is and when it will materialize”
I showed him where it is and….. that is when/where it is materializing. You can see it on RealtyTrac or RealQuest interctive maps and seeing it show up on record, is it materializing.
As to your question “when will they sell it”, I don’t have a crystal ball so I can’t tell you when, but I can give you a clue as to why:
http://www.bloomberg.com/apps/news?sid=aDjJYMSphyM0&pid=20601087
and see if anyone else can tell us why most of its not being sold on the MLS yet. Why should I have all the fun?
October 12, 2009 at 5:39 PM #468359Participantjpinpb, Another gotcha moment? I quoted him so I answered his main question all right.
SDCeller wrote: “Pretty much what I expected. If you posted with regard to question I asked, point me to it. All I’ve heard is shadow, shadow, shadow. As I mentioned in another post, my 4 1/2 year old talks about the shadow inventory. We both believe that something is looming out there, we just have no idea where it is and when it will materialize”
I showed him where it is and….. that is when/where it is materializing. You can see it on RealtyTrac or RealQuest interctive maps and seeing it show up on record, is it materializing.
As to your question “when will they sell it”, I don’t have a crystal ball so I can’t tell you when, but I can give you a clue as to why:
http://www.bloomberg.com/apps/news?sid=aDjJYMSphyM0&pid=20601087
and see if anyone else can tell us why most of its not being sold on the MLS yet. Why should I have all the fun?
October 12, 2009 at 5:39 PM #468431Participantjpinpb, Another gotcha moment? I quoted him so I answered his main question all right.
SDCeller wrote: “Pretty much what I expected. If you posted with regard to question I asked, point me to it. All I’ve heard is shadow, shadow, shadow. As I mentioned in another post, my 4 1/2 year old talks about the shadow inventory. We both believe that something is looming out there, we just have no idea where it is and when it will materialize”
I showed him where it is and….. that is when/where it is materializing. You can see it on RealtyTrac or RealQuest interctive maps and seeing it show up on record, is it materializing.
As to your question “when will they sell it”, I don’t have a crystal ball so I can’t tell you when, but I can give you a clue as to why:
http://www.bloomberg.com/apps/news?sid=aDjJYMSphyM0&pid=20601087
and see if anyone else can tell us why most of its not being sold on the MLS yet. Why should I have all the fun?
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