Saturday, Jul 26, 2008
BIG PROBLEM - This more micro look at the housing market is coming up with massive house price losses
Mortgage Lender: Massive House Price Losses in Non Conforming Areas
"Fitch Ratings, arguably the only rater with their act together other than Egan-Jones, just finished with its ResiLogic enhancements. Its new mortgage loss model will be released today. In it, its new National, State and MSA-level economic and house price forecasting will make their modeling ‘far more predictive and forward-looking.’ That is a nice way to put it."
BIG PROBLEM - This more micro look at the housing market in the 25 MSA’s that in the past have contained the most ‘non-conforming (Jumbo) lending, is coming up with massive house price losses in key areas with San Diego dropping as much as 47% over the next 5-years! San Francisco is looking at an additional 33%.
These are your heavy Alt-A areas.
Posted by malct @ 03:01 PM (127 views) Add Comment
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