{"id":190505,"date":"2009-11-19T21:52:00","date_gmt":"2009-11-20T02:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/11\/19\/ok-this-is-scary\/"},"modified":"2009-11-19T21:52:00","modified_gmt":"2009-11-20T02:52:00","slug":"ok-this-is-scary","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/11\/19\/ok-this-is-scary\/","title":{"rendered":"OK, this is Scary"},"content":{"rendered":"<p>Remember <a href=\"http:\/\/40yrs.blogspot.com\/2009\/11\/economics-update_18.html\">yesterday<\/a>, when I said that 1 in 16 (6.25%) homes was delinquent or in foreclosure?<\/p>\n<p>That number counted only those people who were more than <span style=\"font-weight: bold;\">60 days<\/span> delinquent, and it counted all homeowners.<\/p>\n<p>If you count <span style=\"font-weight: bold;\">all<\/span> delinquent mortgages, not just 60+ days, and do so as a percentage of the mortgages, not homeowners, then <a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE5AI38320091119?feedType=RSS&amp;feedName=businessNews&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29\">14.41% of all mortgages were either behind a payment or in foreclosure<\/a>, the highest number recorded since this statistic started being collected by the Mortgage Bankers&#8217; Association in <a href=\"http:\/\/www.mbaa.org\/NewsandMedia\/PressCenter\/71112.htm\">1972<\/a>.<\/p>\n<p>That&#8217;s 1 in 7 mortgages.<\/p>\n<p>We are unbelievably screwed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember yesterday, when I said that 1 in 16 (6.25%) homes was delinquent or in foreclosure? That number counted only those people who were more than 60 days delinquent, and it counted all homeowners. If you count all delinquent mortgages, not just 60+ days, and do so as a percentage of the mortgages, not homeowners, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088],"tags":[],"class_list":["post-190505","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190505"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=190505"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190505\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}