Wednesday, May 12, 2010
Delinquent home loan update -- Still grinding higher
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