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Technology Stocks : Intel Corporation (INTC)

INTC 37.28

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3:59 PM EST

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To: Amy J who wrote (142779)	9/5/2001 1:35:22 PM
From: GVTucker	Read Replies (2) of 186894

Amy, RE: Real estate default rates Good and bad news in those MBAA numbers. While 4.63% might seem alarming, it is still a long ways away from the 6%+ number recorded in 1985. And note that the 1985 number was really in the middle of a recovery. The worst news in the report is that FHA insured loans now have a delinquency rate of 10.79%, the highest in the three decades that the default rates have been recorded. There are some serious credit problems particularly in the high risk end, and there are fewer lenders out there that are willing to assume that risk.

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