Friday, January 29, 2010

And Saul Alinsky laughed: Economy still in freefall

Democrats were relieved to finally locate accurate 'hockey-stick' graphs -- until they discovered that the charts represented mortgage defaults.

Freddie Mac reported that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business increased to 3.87% in December 2009, up from 3.72% in November - and up from 1.72% in December 2008...

But maybe Fannie Mae is okay...

Or not.

Fannie Mae reported today that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business increased to 5.29% in November, up from 4.98% in October - and up from 2.13% in November 2008 ... it is important to note these stats do include Home Affordable Modification Program (HAMP) loans in trial modifications.

Gee, Mr. Lenin, isn't central planning great?

Suddenly I feel like Neo from The Matrix.


2 comments:

marion said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Alena

http://dataentryjob-s.com

marion said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Alena

http://dataentryjob-s.com