So how about them loan delinquency rates, anyway?

If this was Pud Kaplan's long-defunct "FC" board (of which I must confess I was once a dire addict), I'd prefice this chart with the single "chuckling smiley" emoticon image. But since this board seems to find such koan-linke Zen implicity out of place, I suppose I must add something. So: People are sufferin'. They ain't pain their loans back. (all of a sudden). Relatively horizontal lines on scary charts suddenly start looking a lot more vertical.

[atsimg]http://files.abovetopsecret.com/images/member/85083e084b85.jpg[/atsimg]

[edit on 8/4/09 by silent thunder]

I can't get the image the way I want!!!! arrrrgh!

I AM NOT A COMPUTER PERSON.

If the chart was formatted correctly all those lines would suddenly go parabolic...now. at the extreme right-hand of the chart.

How bout that, buddy?

[atsimg]http://files.abovetopsecret.com/images/member/ee1ebbc545b6.jpg[/atsimg]


It looked a lot better when we couldn't see the right hand side.


[edit on 4-8-2009 by KSPigpen]

Parabolic is an understatement!

Just eye-balling it, I'm guessing that the second-derivative ain't too pretty either.

reply to post by KSPigpen


Well thanks for getting the pic right.. but I think that was something no one wanted to see..

120% increase since March 09, damn ..

Someone used to post a weekly update for delinquencies and other real estate information .. I forget who it was, but they stopped.

Perhaps they should start it up, who ever you were.

Where did you get that chart? Could you please share the link?

I could really use that to shut up someone I'm in a debate with on Twitter

They actually are trying to convince me that 87% of mortgages are performing.

Bwaaaahaaaahaaaa

reply to post by redhatty


So tell me Red..

How do you debate someone when the most you can write is 2 sentences?

By the way:

They actually are trying to convince me that 87% of mortgages are performing.

I would still consider 13% delinquent rate to be ... more than high?

[edit on 8/5/2009 by Rockpuck]

reply to post by Rockpuck



you're right. I don't know much about this stuff, but i read in the paper last week that the delinquincy rate up here in alberta is 1 in 200 on mortgages. what is that, like .5 percent? I'm not a mathematician but 87% doesn't seem like it's doing too well.

reply to post by heyo


Indeed, and according to the graph approx 94.5% are preforming.

reply to post by Rockpuck


You get very creative in 150 characters or less LOL

Link shorteners are a necessity!!!

yeah 13% is too high, but I am pretty sure that the real numbers are even higher.

this particular person is arguing that since 87% are doing fine, that there really is no problem.

Pictures can say more than I can in 150 characters LOL

ETA: Wonder how the 9% of delinquencies that have had "cramdown" conversions have affected that chart

[edit on 8/5/09 by redhatty]

Here's the document it came from:
www.scribd.com...

Commercial Real Estate outlook Q1 2009
Richard Parkus
Head of CMBS Research
Deutsche Bank
3 March 2009

reply to post by Dbriefed


Thanks Dbriefed!

Bookmarked that one

I read somewhere, I think it was WSJ, that they are manipulating the numbers by not actually calling foreclosure for what it is. In California and several other states they take back the property and then let the default parties stay in the homes and renting the homes to them. The property is now and asset instead of a liability on their balance sheet! Even if its just 2% of the homes being used like this it will skew the loss/gain index and all the info used to calculate these graphs. It paints a false rosier picture for the administration to run on in 2010 and 2012!

Zindo



[edit on 8/5/2009 by ZindoDoone]