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| Home Front Economy |
| Fed Reserve democraphics - In foreclosure per 1000 housing |
| 2008-09-30 |
| Check the "In foreclosure per 1000 housing" box, then overlay that with "Red States vs Blue States." |
| Posted by:Besoeker |
| #13 Please take note - click on the map for "90 days plus delinquent". Check out Barney Frank's home state. |
| Posted by: no mo uro 2008-09-30 17:46 |
| #12 Dis 'n plesier TW. |
| Posted by: Besoeker 2008-09-30 16:42 |
| #11 Also watch out for the HELOCs. These seconds are worth <10c/dollar! |
| Posted by: Bright Pebbles 2008-09-30 16:36 |
| #10 Thank you for the information. |
| Posted by: mom 2008-09-30 16:19 |
| #9 Very useful, Besoeker. Thanks! |
| Posted by: trailing wife 2008-09-30 16:06 |
| #8 When did they change it from Other Real Estate Owned, i.e. real estate the bank had foreclosed on as opposed to the branches and building the bank owned to conduct its business, the true Real Estate Owned? Were they worried calling it OREO would confuse it with some |
| Posted by: Nimble Spemble 2008-09-30 16:00 |
| #7 Sorry, couldn't resist. REO is "Real Estate Owned". Basically the bank owns it now. LTV is Loan-to-Value: a ratio of the loan amount to the value of the house. (Lower is better.) ARMs adjust. It is what they do. However many loan originators were qualifying people for a loan based on a) a possibly inflated appraisal of a home's worth and b) there ability to squeeze into a payment at a low, initial interest rate. The hope--and I consider it a "hope"--is that the value of the property would increase, and so would the purchaser's ability to pay. In many cases, when the rate adjusted upward, the buyers were not able to make the new payments. In many cases they also couldn't refinance out since they suddenly discovered there house worth less than they thought up front. |
| Posted by: Grenter, Protector of the Geats 2008-09-30 15:50 |
| #6 Thank you. Now, what are REOs (other than speedwagons) and ATVs, and what is the significance of a change in Adjustable rate Mortgage? They didn't explain this in Econ 105 thirty years ago. |
| Posted by: mom 2008-09-30 15:35 |
| #5 And REO is a Speedwagon ROLF!! |
| Posted by: RD 2008-09-30 15:34 |
| #4 And REO is a Speedwagon |
| Posted by: Grenter, Protector of the Geats 2008-09-30 15:32 |
| #3 Adjustable Rate Mortgage (ARM) and Fair Issac Corporation (FICO) your credit score. Demographics. |
| Posted by: Besoeker 2008-09-30 15:30 |
| #2 ARM is Adjustable Rate Mortgage. FICO is a credit score (from Fair Isaac, named for the founders of the company.) |
| Posted by: Grenter, Protector of the Geats 2008-09-30 15:28 |
| #1 Question: what are ARMs, FICO, and other alphabet soup on this map? |
| Posted by: mom 2008-09-30 15:22 |