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August 23, 2007 at 11:03 AM in reply to: OMG!!! … Bill Gross: Bush needs to rescue homeowners #79903August 23, 2007 at 11:03 AM in reply to: OMG!!! … Bill Gross: Bush needs to rescue homeowners #79925
no_such_reality
ParticipantMy gut says the bond market is about to hand him is behind.
ParticipantThe existing loss mitigation process works well. Let it work. The worse thing that can happen to the poor and over extended homeowners is some idiot program designed to keep them in the albatross that is draining them.
It’ll drain their money. For those without, it will artificially inflate home value. For those with rent, it will decrease inventory and put more pressure on rents.
All of the above is bad for the poor.
ParticipantThe existing loss mitigation process works well. Let it work. The worse thing that can happen to the poor and over extended homeowners is some idiot program designed to keep them in the albatross that is draining them.
It’ll drain their money. For those without, it will artificially inflate home value. For those with rent, it will decrease inventory and put more pressure on rents.
All of the above is bad for the poor.
ParticipantThe existing loss mitigation process works well. Let it work. The worse thing that can happen to the poor and over extended homeowners is some idiot program designed to keep them in the albatross that is draining them.
It’ll drain their money. For those without, it will artificially inflate home value. For those with rent, it will decrease inventory and put more pressure on rents.
All of the above is bad for the poor.
ParticipantThat’s my thought and reason for the graphs. We’re currently going up exponentially. Which is easy in the beginning, but we’re above last downturns peaks already and the credit crunch just hit last week.
In essence, looking at the graphs, does anybody want to put some projections on where the NODs and NOTs top out at?
How many NODs at peak is capacity?
How many NOTs?
Granted, NODs to NOT conversion can’t exceed 100%, but how high can it go? If it get’s above 50% where it’s currently very close to, how does the psychology shift for sellers, buyers and more importantly the banks?
ParticipantThat’s my thought and reason for the graphs. We’re currently going up exponentially. Which is easy in the beginning, but we’re above last downturns peaks already and the credit crunch just hit last week.
In essence, looking at the graphs, does anybody want to put some projections on where the NODs and NOTs top out at?
How many NODs at peak is capacity?
How many NOTs?
Granted, NODs to NOT conversion can’t exceed 100%, but how high can it go? If it get’s above 50% where it’s currently very close to, how does the psychology shift for sellers, buyers and more importantly the banks?
ParticipantThat’s my thought and reason for the graphs. We’re currently going up exponentially. Which is easy in the beginning, but we’re above last downturns peaks already and the credit crunch just hit last week.
In essence, looking at the graphs, does anybody want to put some projections on where the NODs and NOTs top out at?
How many NODs at peak is capacity?
How many NOTs?
Granted, NODs to NOT conversion can’t exceed 100%, but how high can it go? If it get’s above 50% where it’s currently very close to, how does the psychology shift for sellers, buyers and more importantly the banks?
ParticipantI took the data from the Innovest site. If you add the projected 926 foreclosures they say we’re tracking to, it falls slightly above the exponential trend line.
The 35% rough, but I wanted to see the lag. Since today NODs won’t become a foreclosure for 120 days. In essence, July’s NOTs where April’s NODs. Which has been steadily climbing.
ParticipantI took the data from the Innovest site. If you add the projected 926 foreclosures they say we’re tracking to, it falls slightly above the exponential trend line.
The 35% rough, but I wanted to see the lag. Since today NODs won’t become a foreclosure for 120 days. In essence, July’s NOTs where April’s NODs. Which has been steadily climbing.
ParticipantI took the data from the Innovest site. If you add the projected 926 foreclosures they say we’re tracking to, it falls slightly above the exponential trend line.
The 35% rough, but I wanted to see the lag. Since today NODs won’t become a foreclosure for 120 days. In essence, July’s NOTs where April’s NODs. Which has been steadily climbing.
ParticipantHere’s my graph of Innovest’s foreclosure statistics. The trend paints an ugly fall portrait.
[img_assist|nid=4421|title=SD Foreclosure Trend|desc=Graphical representation and trend line information of SD NOD/Foreclosure Activity.|link=node|align=left|width=1170|height=2410]
ParticipantHere’s my graph of Innovest’s foreclosure statistics. The trend paints an ugly fall portrait.
[img_assist|nid=4421|title=SD Foreclosure Trend|desc=Graphical representation and trend line information of SD NOD/Foreclosure Activity.|link=node|align=left|width=1170|height=2410]
ParticipantHere’s my graph of Innovest’s foreclosure statistics. The trend paints an ugly fall portrait.
[img_assist|nid=4421|title=SD Foreclosure Trend|desc=Graphical representation and trend line information of SD NOD/Foreclosure Activity.|link=node|align=left|width=1170|height=2410]
ParticipantVolatility will return when Tuesday morning Hurricane Dean rolls into the Gulf of Mexico and puts a pending bullseye on the Texas and Louisana oil industry roiling gas and oil prices.
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