Hi Everyone, here’s the follow up from today.
Here’s the link to the MyFico website and the graph showing the breakdown of the components of a person’s credit score.
Here’s the link to help homeowners figure out whether their loan is held by Fannie Mae/Freddie Mac.
Here is a link to the Credit Suisse chart showing all the recasts of the Pay Option ARMs coming our way through 2012. Remember the good news here is that 46% of all Pay Option ARMs are currently in default. This means some of those bad loans will work their way through the system now, instead of dragging this mess on for years.
and just for fun, here’s the link to the updated bank failure spreadsheet. Click to sort by state and then scroll down to see a list of troubled banks in Wa state. We had five bank failures today. Also notice that “Washington State leads the way with more than 26 percent of its banking industry either under formal enforcement action or having failed.”
Thanks for coming to class today!