http://www.nytimes.com/2008/10/30/bu...agewanted=2&hp

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On Wed, 29 Oct 2008 21:20:25 -0500, Ignoramus32330
wrote:

http://www.nytimes.com/2008/10/30/bu...agewanted=2&hp


Doesnt that mean 90% are hunky dory?

Gunner

Whenever a Liberal utters the term "Common Sense approach"....grab your
wallet, your ass, and your guns because the sombitch is about to do
something damned nasty to all three of them.

On Nov 2, 6:46*am, Gunner Asch wrote:
On Wed, 29 Oct 2008 21:20:25 -0500, Ignoramus32330

wrote:
http://www.nytimes.com/2008/10/30/bu...d.html?pagewan...

Doesnt that mean 90% are hunky dory?

Gunner


The pendulum swings both ways.

http://en.wikipedia.org/wiki/Redlining

On Sun, 02 Nov 2008 03:46:45 -0800, the infamous Gunner Asch
scrawled the following:

On Wed, 29 Oct 2008 21:20:25 -0500, Ignoramus32330
wrote:

http://www.nytimes.com/2008/10/30/bu...agewanted=2&hp


Doesnt that mean 90% are hunky dory?

What the headline _doesn't_ say is that it's only a small departure
from normal amounts of delinquencies and foreclosures, a number which
has been rising for several decades. Granted, I wouldn't want to be
part of that 10%...

These bailouts appear to be the screwups' way of getting us to pay for
their lack of foresight and their gambling debts due to their HUYA
ways of thinking. (HUYA = craniorectal inversion)

--snip--
Rate of Home Foreclosures Hits Record
Published: September 7, 2007

WASHINGTON, Sept. 6 (Reuters) — The rate of home loans in foreclosure
rose to a record level in the second quarter of 2007 as more
homeowners in California, Florida and other states could not refinance
their adjustable-rate mortgages, a trade group said on Thursday.
--snip--
Foreclosures increased as the rate of delinquency on subprime loans,
which are offered to borrowers with poor credit, rose to 14.82 percent
in the second quarter, from 13.77 percent at the end of the first
three months of 2007, and from 11.7 percent in the year-ago period.
--snip--

and from 2004:
--snip--
Blue Skies and Green Yards, All Lost to Red Ink
By MICHAEL MOSS and ANDREW JACOBS

Published: April 11, 2004

But the national foreclosure rate has tripled over the last three
decades. Experts say mortgage fraud is on the rise in the United
States and is now evident in as much as 25 percent of the loans that
falter. And what happened in the Poconos is a disturbing glimpse of
how a worthy goal — helping more middle-income Americans own their own
homes — can sometimes produce disastrous results.
--snip--

and

--snip--

Greenspan Shifts View on Deficits

Published: March 16, 2004

Mortgage foreclosure rates, personal bankruptcies and credit card
delinquencies have been rising steadily and are at record levels. Most
of that stress has taken place in lower-income families, which is why
it has not made a big impact on aggregate data about national wealth.
--snip--

--
Everything I did in my life that was worthwhile I caught hell for.
-- Earl Warren

On 2008-11-02, Gunner Asch wrote:
On Wed, 29 Oct 2008 21:20:25 -0500, Ignoramus32330
wrote:

http://www.nytimes.com/2008/10/30/bu...agewanted=2&hp


Doesnt that mean 90% are hunky dory?

Yes, that's exactly what it means, 90% are hunky dory and 10% are in
default.

--
Due to extreme spam originating from Google Groups, and their inattention
to spammers, I and many others block all articles originating
from Google Groups. If you want your postings to be seen by
more readers you will need to find a different means of
posting on Usenet.
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On Sun, 02 Nov 2008 08:10:22 -0600, Ignoramus22113
wrote:

On 2008-11-02, Gunner Asch wrote:
On Wed, 29 Oct 2008 21:20:25 -0500, Ignoramus32330
wrote:

http://www.nytimes.com/2008/10/30/bu...agewanted=2&hp


Doesnt that mean 90% are hunky dory?

Yes, that's exactly what it means, 90% are hunky dory and 10% are in
default.


What is the normal number of defaults etc etc? 5%?

Gunner

Whenever a Liberal utters the term "Common Sense approach"....grab your
wallet, your ass, and your guns because the sombitch is about to do
something damned nasty to all three of them.