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  • kohighbloodpressure kohighbloodpressure Sep 1, 2011 3:57 PM Flag

    Jp Morgan & Goldman Tanking >> Strategic Defaults >

    7 million foreclosures,
    57% of allhomes in fla, nev, az underwater and foreclosed
    15% of allhomes underwater so unable to refi;
    thats 6 Million morehomes.

    13 million homes foreclosed or 90 + days behind in payments same as foreclosed NOD defaulting;

    in Florida alone, 1/2 are foreclosed
    thats 10 year supply.overhang. with a 50% price
    collapse like AZ, Nev, and California.

    yup chickens comin home to rooste.

    and you got the huge overhang FHA about to bust
    10% of theirs are defaulting. in bad hoods.

    as this turd exits the mortgage mkt,
    2.1 trillion of mortgages with a 15%
    defaulting, $ 300 B or 3 million homes alone.

    quack, quack quack, dead duck.

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