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PMI Group Inc. Message Board

  • paidbasher38291 paidbasher38291 Dec 28, 2009 5:29 PM Flag

    fannie report

    just as bad as the freddie report, for some reason fannie is a month behind freddie for reporting delinquencies, but note the fannie numbers, just as bad as previous months, and this is after fannie let pmi out of some of their modified pool deals, meaning some of the delinquent credit enhanced loans are no longer counted as credit enhanced, and still the number continues to rise at a pace that has not slowed down at all, table 9.

    http://www.fanniemae.com/ir/pdf/monthly/2009/113009.pdf;jsessionid=VRWLUGWJEIKDLJ2FQSHSFGQ

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I don't know, man. I have friends flippin' real estate again.

      Knock, knock!

    • Have anything more recent? Something that might either support or negate the stellar existing home sales report from DECEMBER?

      • 1 Reply to maryisthmus
      • not that an idiot like you even deserves a response, but the existing home sales report was from november, obviously, because december isn;t over with, and so were freddie's delinquency numbers, and despite high existing homes sales, deliquencies were still up, why is that, maybe because the pace of existing home sales has nothing to do with the state of the mortgage industry, in fact, high existing home sales, if driven by short sales and foreclosures, and lower prices, may actually be a bad indicator for the mis, because on foreclosure and short sales, that means losses are being recognized, so in some ways a rising delinquency rate combined with high existing home sales may signal the worst of both worlds for the mis - higher paid claims and higher reserves, meaning incurred losses get hit on both sides, not that someone like you would even understand the concept of incurred losses, but whatever, i am sure you are just another sucker who bought this stock because it was going up, good luck with your 2.80 cost basis.

 
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