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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (30081)4/5/2005 10:58:33 AM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
One potentially worrisome statistic released Thursday was the rate of loans entering foreclosure in the fourth quarter. The seasonally adjusted rate nationwide was up 5 basis points from the preceding quarter, to 0.44%, the MBA said.

So percentage of loans 30 days delinquent is down but new foreclosure filings are up?

Interesting to see San Diego county new foreclosure filings for the first quarter have skyrocketed:

1st qtr 2005 1758
1st qtr 2004 1372
1st qtr 2003 1482
1st qtr 2002 1064
1st qtr 2001 947
1st qtr 2000 965

arcc.co.san-diego.ca.us
go to advanced search for lis pendens



To: John Vosilla who wrote (30081)4/5/2005 11:19:04 AM
From: russwinter  Respond to of 110194
 
4Q, 2004 is meaningless, as we will see what the 1Q and 2Q, 2005 looks like as more and more face 1.5-2.0% rate resets on their ARMS
Message 21198739
and as the teaser loan term disappear.


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