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11.57 million borrowers are in danger

Started by pulaski
over 15 years ago
Posts: 824
Member since: Mar 2009
Discussion about
"Here's That Terrifying Housing Report That Prompted Nouriel Roubini's Huge Estimate For Future Losses" "If we assume that—95% of the non-performing loans, 70% of re-performing loans, 50% of always performing loans with LTVs>120, 25% of the 100-120 bucket and 5% of loans with LTV ≤100 will eventually liquidate—we conservatively conclude that 11.57 million borrowers are in danger of losing his/her home. That is about 1 out of every 5 borrowers; an impossible number, and one that is politically unfeasible." http://www.businessinsider.com/the-housing-crisissizing-the-problem-proposing-solutions-2010-12
Response by marco_m
over 15 years ago
Posts: 2481
Member since: Dec 2008

you lost me in the first line

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