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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (35796)	3/27/2007 1:00:52 AM
From: Cogito	Respond to of 541955

>>At a bare minimum, would you not want to convert the "3% of the mortgages in the US" into a figure that reflects the fraction of US mortgage $ they represent? Clearly way more than 3% of recent mortgages are sub-prime, and recent mortgages have two interesting points: 1) They are surely the largest, since %down is low and home prices are high and 2) they are just starting, as opposed to say being nearly finished.<< Neolib - Good point. I don't know whether that 3% figure was expressing a percentage of the loans outstanding as a dollar figure or not. Another thing to consider is that not all sub-prime loans are going to end in default. And of course, some percentage of prime loans will. Where does this leave us? That's the trillion dollar question. - Allen