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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (54224)2/18/2006 8:18:35 PM
From: mishedlo  Read Replies (1) of 110194
 
Most of the mortgage debt is held by a small minority of homeowners. 40% have zero mortgage debt, half of the remaining homeowners have better than 50% equity, that leaves 30% of the homeowners with most of the mortgage debt.

30% is pretty intense concentration if you ask me.
Not only that but 30% is a pretty large number as well.
That is far worse in terms of default risk than if it was evenly spread out.

Lots of equity out there to tap, but there is a mismatch between those who might need to tap it and those that have it.

Exactly, and headed into a recession that mismatch can have extreme impacts.

Mish
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