ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Wednesday, July 08, 2009


the foreclosure backlog

calculated risk:

Ramsey Su (REO broker in San Diego) sent me some data today. He wrote:

[Pent Up Foreclosures - a stat Ramsey follows] measures the difference between foreclosures completed versus defaults. This gap is widening as a result of government intervention. ... If they do not ACCELERATE the foreclosure process and release some of the pressure now, the consequences will be disastrous.

beware false bottoms -- in my view there's no good reason to buy a house yet.

UPDATE: via clusterstock, securitization trusts are preparing to hammer the housing market with deeply discounted properties in hihg foreclosure areas.

Labels: , ,

This page is powered by Blogger. Isn't yours?