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LuckyInOCParticipant
Here are some numbers from the FDIC…
Assets past due 30 – 89 days – Secured by 1-4 family residential properties
2005 $24.4B
2006 $32.2B
2007 $51.5B
2008 $78.8B @$250k/home = 315,200 homesAssets past due 90 days or more – Secured by 1-4 family residential properties
2005 $10.3B
2006 $10.0B
2007 $14.3B
2008 $46.1B @$250k/home = 184,400 homeshttp://www2.fdic.gov/SDI/SOB/
Criteria: all FDIC insured institutions; Loans and Leases;Keep in mind, these are for FDIC insured institutions. Other mortgage companies and Credit Unions may not be included. The estimated number of homes is mine.
Notice how relatively flat are the 90+ numbers until 2008. What gives?
EDIT:
Some more numbers:
Loan Charge-Offs and Recoveries – Secured by 1-4 family residential properties
2005 $2.0B
2006 $3.1B
2007 $8.4B
2008 $27.0BThink they may have realized they have a problem in 2008?
Lucky In OC
LuckyInOCParticipantHere are some numbers from the FDIC…
Assets past due 30 – 89 days – Secured by 1-4 family residential properties
2005 $24.4B
2006 $32.2B
2007 $51.5B
2008 $78.8B @$250k/home = 315,200 homesAssets past due 90 days or more – Secured by 1-4 family residential properties
2005 $10.3B
2006 $10.0B
2007 $14.3B
2008 $46.1B @$250k/home = 184,400 homeshttp://www2.fdic.gov/SDI/SOB/
Criteria: all FDIC insured institutions; Loans and Leases;Keep in mind, these are for FDIC insured institutions. Other mortgage companies and Credit Unions may not be included. The estimated number of homes is mine.
Notice how relatively flat are the 90+ numbers until 2008. What gives?
EDIT:
Some more numbers:
Loan Charge-Offs and Recoveries – Secured by 1-4 family residential properties
2005 $2.0B
2006 $3.1B
2007 $8.4B
2008 $27.0BThink they may have realized they have a problem in 2008?
Lucky In OC
LuckyInOCParticipantHere are some numbers from the FDIC…
Assets past due 30 – 89 days – Secured by 1-4 family residential properties
2005 $24.4B
2006 $32.2B
2007 $51.5B
2008 $78.8B @$250k/home = 315,200 homesAssets past due 90 days or more – Secured by 1-4 family residential properties
2005 $10.3B
2006 $10.0B
2007 $14.3B
2008 $46.1B @$250k/home = 184,400 homeshttp://www2.fdic.gov/SDI/SOB/
Criteria: all FDIC insured institutions; Loans and Leases;Keep in mind, these are for FDIC insured institutions. Other mortgage companies and Credit Unions may not be included. The estimated number of homes is mine.
Notice how relatively flat are the 90+ numbers until 2008. What gives?
EDIT:
Some more numbers:
Loan Charge-Offs and Recoveries – Secured by 1-4 family residential properties
2005 $2.0B
2006 $3.1B
2007 $8.4B
2008 $27.0BThink they may have realized they have a problem in 2008?
Lucky In OC
LuckyInOCParticipantHere are some numbers from the FDIC…
Assets past due 30 – 89 days – Secured by 1-4 family residential properties
2005 $24.4B
2006 $32.2B
2007 $51.5B
2008 $78.8B @$250k/home = 315,200 homesAssets past due 90 days or more – Secured by 1-4 family residential properties
2005 $10.3B
2006 $10.0B
2007 $14.3B
2008 $46.1B @$250k/home = 184,400 homeshttp://www2.fdic.gov/SDI/SOB/
Criteria: all FDIC insured institutions; Loans and Leases;Keep in mind, these are for FDIC insured institutions. Other mortgage companies and Credit Unions may not be included. The estimated number of homes is mine.
Notice how relatively flat are the 90+ numbers until 2008. What gives?
EDIT:
Some more numbers:
Loan Charge-Offs and Recoveries – Secured by 1-4 family residential properties
2005 $2.0B
2006 $3.1B
2007 $8.4B
2008 $27.0BThink they may have realized they have a problem in 2008?
Lucky In OC
LuckyInOCParticipantSorry jpinpb, that’s old news… by at least 7 weeks…
http://piggington.com/history_does_repeat_itself
Edit: maybe the author is a closet Pigg…
Lucky In OC
LuckyInOCParticipantSorry jpinpb, that’s old news… by at least 7 weeks…
http://piggington.com/history_does_repeat_itself
Edit: maybe the author is a closet Pigg…
Lucky In OC
LuckyInOCParticipantSorry jpinpb, that’s old news… by at least 7 weeks…
http://piggington.com/history_does_repeat_itself
Edit: maybe the author is a closet Pigg…
Lucky In OC
LuckyInOCParticipantSorry jpinpb, that’s old news… by at least 7 weeks…
http://piggington.com/history_does_repeat_itself
Edit: maybe the author is a closet Pigg…
Lucky In OC
LuckyInOCParticipantSorry jpinpb, that’s old news… by at least 7 weeks…
http://piggington.com/history_does_repeat_itself
Edit: maybe the author is a closet Pigg…
Lucky In OC
LuckyInOCParticipant[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]
Davelj,
I think you mean ‘breezarre’…
LuckyInOC
LuckyInOCParticipant[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]
Davelj,
I think you mean ‘breezarre’…
LuckyInOC
LuckyInOCParticipant[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]
Davelj,
I think you mean ‘breezarre’…
LuckyInOC
LuckyInOCParticipant[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]
Davelj,
I think you mean ‘breezarre’…
LuckyInOC
LuckyInOCParticipant[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]
Davelj,
I think you mean ‘breezarre’…
LuckyInOC
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