Wednesday, May 12, 2010

Delinquent home loan update -- Still grinding higher

The percentage of delinquent home loans appears to be close to finally cresting.  Well, hopefully. 

There are some lags to the data and while the growth of seriously delinquent loans at Fannie Mae are slowing down the bad inventory is moving into foreclosure (and then back onto the market)

I'll be a little less pessimestic about the housing business and home prices after both of these graphs start moving downwards.

ht Paper Economy

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