Hi Everyone,
Here’s your Q&A follow up from class.
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.
Here’s a link to my favorite finance and econ blogger, CalculatedRiskBlog.com who provided the charts used in the Dec 8th powerpoint slides. This link brings you the date and the graphs.
Here’s the link to Seattle Bubble and The Tim’s awesome foreclosure stats report for King County. Reminder note to students to be reading Seattle Bubble daily.
Here’s the story about the Miami Herald’s investigative piece into the 1000 felons originating loans in Florida.
Here‘s more information on the new WA State Foreclosure laws.
Here’s the New York Times interactive map showing the percentage of subprime loans made in various states and counties.
There was a question regarding a BPO only taking into account above ground square footage in the value. I can find no supporting rule for all 50 states supporting this. It does appear as though lender guidelines vary and some lenders very well may follow this rule.
Thanks for a fun class and I hope you all enjoy your holidays!