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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (123959)	5/19/2008 1:43:36 PM
From: Jim McMannis	Respond to of 306849

Lee County's subprime holes may deepen news-press.com For every 1,000 homes in Lee County, 62 are financed with the shakiest of loans. Those loans are headed for trouble fast. Thousands are in foreclosure or behind on their mortgages and thousands more will see their interest rates skyrocket. They are subprime loans, arranged with people with weak credit in exchange for higher interest rates or a low rate that adjusts after a set time, often two years. Subprime loans are being blamed for the downward spiral of the nation's residential housing market. In Lee County, 17,300 of 245,405 homes are financed by subprime loans. Lee has one of the highest concentrations of subprimes in the country, ranking 16th, according to data from the Federal Reserve Board of New York, which compiles the information for the nation. By comparison, San Bernardino County in California is No. 1 with 84 homes per 1,000. Other Florida hot spots include St. Lucie, third with 79 homes per 1,000 and Miami-Dade, 14th, with 63 homes per 1,000. New York City has only 1 subprime loan per 1,000 homes

To: Les H who wrote (123959)	5/21/2008 11:20:07 PM
From: Les H	Read Replies (1) \| Respond to of 306849

Effect of Term Auction Facility on $SPX since January 10, 2008 (two days before the first TAF) SPX change SPX change SPX change Auction Date day before day of day after January 14 -19.3 +15.2 -35.3 January 28 -21.5 +23.4 +8.3 February 11 -5.6 +7.8 +9.7 February 25 +10.6 +18.7 +9.5 March 10 -11.0 -20.0 +47.3 March 24 +31.1 +20.4 +3.1 April 7 +1.1 +2.1 -7.0 April 21 +24.8 -2.2 -12.2 May 5 -6.4 +10.8 -25.7 May 19 +1.8 +1.3 -13.2 ----------------------------------------------------- totals *5.6 +77.5 -15.5 Closing price of SPX on January 10 = 1420.33 Intraday price on SPX on May 19 = 1413.40 Effect of Options Expiration Week since January 4, 2008 Change in SPX value is close of Friday minus the previous Friday close. SPX change SPX change SPX change week before week of week after January 14-18 -10.61 -75.83 + 5.42 February 11-15 -64.13 +18.70 + 3.12 March 17-21 -5.23 +41.37 -14.29 April 14-18 -37.57 +57.50 + 7.51 May 12-16 -25.62 +37.07 -34.64 --------------------------------------------------------- total -143.16 +78.81 -32.88 Closing price of SPX on January 4 = 1411.63 Closing price of SPX on May 21 = 1390.71