Hi Everyone,
As promised, here is the follow up information from our class today.
Here is the March report I promised to find on FHA delinquencies. The FHA Home Mortgage Insurance Fund is down by 40% according to a January report.
Here’s the information about the high percentage of loan modifications that are re-defaulting.
Here is the blog post I wrote about the unlicensed predatory loan modification company advertising on the radio in the Seattle area.
Here is a good story from my favorite finance and economics blogger CR, about how mortgage defaults are starting to creep up into the higher price ranges.
Someone asked me to find the interactive heat map showing the percentage of subprime loans originated in each state for a three year period. Here you go. Find King County. Now look at Snohomish. NOW look at Pierce County. Wow.
and here is the Credit Suisse ARM Reset Chart from the the market update portion of this morning’s class.
Thanks for a fun class today!