Interesting article by Amy McAlister of HousingWire today:
Borrowers more than 60 days in arrears on their mortgages hit a record high 3.23 percent for the first three months of 2008, TransUnion said — that’s up 8 percent over the previous quarter’s 2.99 percent average, and is a staggering 61.5 percent higher than the first quarter [...]
Archive for June, 2008
Mortgage delinquencies up 62%
Posted in CMBS, Foreclosure, Herd Mentality, Liquidity, Real Estate, Recession, Subprime, U.S. on June 11, 2008 | Leave a Comment »
Gold headed dramatically higher
Posted in Currencies, Energy, Equities, Federal Reserve, Fixed Income, Gold, Herd Mentality, Interest Rates, Liquidity, Natural Gas, Oil, Real Estate, Recession, Silver, U.S. on June 8, 2008 | Leave a Comment »
This deleveraging process has been a very unique one. Over the last decade, the Fed led many central banks around the world in an unprecedented expansion of money supply. While there is massive credit being withdrawn from the global system, the long-term effects of this money supply expansion has yet to filter through. Investors are [...]
