[sdduuuude]

So, NPAs have doubled but I don’t know enough to understand if that means more houses could come on to the market than last year ?

Are you saying that I should assume that even though NPAs havre doubled, that reserves and chargeoffs could be such that these houses don’t make it to inventory ?

I’m not talking about bank stability here. I’m talking about the housing market.

[sdduuuude]

So, NPAs have doubled but I don’t know enough to understand if that means more houses could come on to the market than last year ?

Are you saying that I should assume that even though NPAs havre doubled, that reserves and chargeoffs could be such that these houses don’t make it to inventory ?

I’m not talking about bank stability here. I’m talking about the housing market.

[sdduuuude]

So, NPAs have doubled but I don’t know enough to understand if that means more houses could come on to the market than last year ?

Are you saying that I should assume that even though NPAs havre doubled, that reserves and chargeoffs could be such that these houses don’t make it to inventory ?

I’m not talking about bank stability here. I’m talking about the housing market.

[sdduuuude]

So, NPAs have doubled but I don’t know enough to understand if that means more houses could come on to the market than last year ?

Are you saying that I should assume that even though NPAs havre doubled, that reserves and chargeoffs could be such that these houses don’t make it to inventory ?

I’m not talking about bank stability here. I’m talking about the housing market.

[sdduuuude]

[quote=davelj]Your equations above are meaningless because you don’t know what reserves or charge-offs have already been put up against the NPAs.[/quote]

Actually, I did. The quote continues. Here is the part I did not include ….

[quote=Meredith]There’s huge growth in non-performing assets. These are numbers, apples-to-apples, on the four big banks. The issue is when does that stuff that’s not paying come to market, and when do banks recognize the chargeoffs? I think you’re going to see more of that in the second quarter and the third quarter. Does the supply move in the second quarter and then you report it in the third quarter? The timing may be weighted more to the third quarter. I just don’t know.[/quote]

So, if Meredith is to be trusted, it’s pretty clear that those NPAs have not yet been charged off.

[sdduuuude]

[quote=davelj]Your equations above are meaningless because you don’t know what reserves or charge-offs have already been put up against the NPAs.[/quote]

Actually, I did. The quote continues. Here is the part I did not include ….

[quote=Meredith]There’s huge growth in non-performing assets. These are numbers, apples-to-apples, on the four big banks. The issue is when does that stuff that’s not paying come to market, and when do banks recognize the chargeoffs? I think you’re going to see more of that in the second quarter and the third quarter. Does the supply move in the second quarter and then you report it in the third quarter? The timing may be weighted more to the third quarter. I just don’t know.[/quote]

So, if Meredith is to be trusted, it’s pretty clear that those NPAs have not yet been charged off.

[sdduuuude]

[quote=davelj]Your equations above are meaningless because you don’t know what reserves or charge-offs have already been put up against the NPAs.[/quote]

Actually, I did. The quote continues. Here is the part I did not include ….

[quote=Meredith]There’s huge growth in non-performing assets. These are numbers, apples-to-apples, on the four big banks. The issue is when does that stuff that’s not paying come to market, and when do banks recognize the chargeoffs? I think you’re going to see more of that in the second quarter and the third quarter. Does the supply move in the second quarter and then you report it in the third quarter? The timing may be weighted more to the third quarter. I just don’t know.[/quote]

So, if Meredith is to be trusted, it’s pretty clear that those NPAs have not yet been charged off.

[sdduuuude]

[quote=davelj]Your equations above are meaningless because you don’t know what reserves or charge-offs have already been put up against the NPAs.[/quote]

Actually, I did. The quote continues. Here is the part I did not include ….

[quote=Meredith]There’s huge growth in non-performing assets. These are numbers, apples-to-apples, on the four big banks. The issue is when does that stuff that’s not paying come to market, and when do banks recognize the chargeoffs? I think you’re going to see more of that in the second quarter and the third quarter. Does the supply move in the second quarter and then you report it in the third quarter? The timing may be weighted more to the third quarter. I just don’t know.[/quote]

So, if Meredith is to be trusted, it’s pretty clear that those NPAs have not yet been charged off.

[sdduuuude]

[quote=davelj]Your equations above are meaningless because you don’t know what reserves or charge-offs have already been put up against the NPAs.[/quote]

Actually, I did. The quote continues. Here is the part I did not include ….

[quote=Meredith]There’s huge growth in non-performing assets. These are numbers, apples-to-apples, on the four big banks. The issue is when does that stuff that’s not paying come to market, and when do banks recognize the chargeoffs? I think you’re going to see more of that in the second quarter and the third quarter. Does the supply move in the second quarter and then you report it in the third quarter? The timing may be weighted more to the third quarter. I just don’t know.[/quote]

So, if Meredith is to be trusted, it’s pretty clear that those NPAs have not yet been charged off.

[sdduuuude]

Well, I was right about this:

[quote=sdduuuude]
I have a feeling I’m about to learn something …
[/quote]

So, is it a “wow” or a “hmmm” ?

[sdduuuude]

Well, I was right about this:

[quote=sdduuuude]
I have a feeling I’m about to learn something …
[/quote]

So, is it a “wow” or a “hmmm” ?

[sdduuuude]

Well, I was right about this:

[quote=sdduuuude]
I have a feeling I’m about to learn something …
[/quote]

So, is it a “wow” or a “hmmm” ?

[sdduuuude]

Well, I was right about this:

[quote=sdduuuude]
I have a feeling I’m about to learn something …
[/quote]

So, is it a “wow” or a “hmmm” ?

[sdduuuude]

Well, I was right about this:

[quote=sdduuuude]
I have a feeling I’m about to learn something …
[/quote]

So, is it a “wow” or a “hmmm” ?

[sdduuuude]

Don’t forget, I had this bit of info, as well, so there is information relative to prior years, which weren’t exactly stellar years.

[quote=Meredith Whitney] Non-performs have ballooned so they’ve more than doubled since the beginning of 2009.[/quote]

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