Delinquencies Rising at Fannie & Freddie

[Rajiv]

Delinquencies Rising at Fannie & Freddie

No surprise here: Even amongst the most credit worthy borrowers — aka “Prime” — defaults are rising rapidly. Job losses, debt problems, loss of income are the primary causes.
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Note once again these are not Sub-prime or alt-A — they are Prime, the highest quality borrowers possible.

[zoog]

Re: Delinquencies Rising at Fannie & Freddie

Delinquencies Rising at Fannie & Freddie

We didn't see that one coming...

One thing I can't figure out on that chart is the percentages at the top of each bar. They seem to have no consistent relationship with the length of the bars.:confused:

[Rajiv]

Re: Delinquencies Rising at Fannie & Freddie

I believe it is the percentage change from the prior month

[Slimprofits]

Re: Delinquencies Rising at Fannie & Freddie

And like I've been saying for months as it was the subject of several knock-down, drag-out threads in these very forums - data such as this smashes to smithereens the idea that increased levels of lending to subprime borrowers single handedly brought down an otherwise healthy economic system.

[zoog]

Re: Delinquencies Rising at Fannie & Freddie

I believe it is the percentage change from the prior month

Ah that makes sense, thanks.

And like I've been saying for months as it was the subject of several knock-down, drag-out threads in these very forums - data such as this smashes to smithereens the idea that increased levels of lending to subprime borrowers single handedly brought down an otherwise healthy economic system.

Yeah it certainly was not only subprime borrowers who were being loaned more money than they could really pay back. They were just the most "fragile" in terms of any disruption of their financial situation, and the subprime interest rates reset sooner. Plenty of pain left in Alt-A and Prime.