{"id":194932,"date":"2008-08-07T19:36:00","date_gmt":"2008-08-08T00:36:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/07\/2007-mortgages-going-bad-almost-3x-as-fast-as-2006-mortgages\/"},"modified":"2008-08-07T19:36:00","modified_gmt":"2008-08-08T00:36:00","slug":"2007-mortgages-going-bad-almost-3x-as-fast-as-2006-mortgages","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/07\/2007-mortgages-going-bad-almost-3x-as-fast-as-2006-mortgages\/","title":{"rendered":"2007 Mortgages Going Bad Almost 3X as Fast as 2006 Mortgages"},"content":{"rendered":"<p>2007 is <a href=\"http:\/\/online.wsj.com\/article\/SB121805947661818327.html?mod=googlenews_wsj\">not going to be a good year for mortgages<\/a>.  The percent of seriously delinquent after 12 months is 0.97% for mortgages issued in the first half of 2007, as opposed to 0.33% for those issued in 2006.  Freddie Mac reported 1.38% at 18 months as compared to 0.38% for 2007 and 2006 respectively.<\/p>\n<p>The defaults in 2006 aren&#8217;t really hitting the banks yet, and we&#8217;ve still had 7 bank failures&#8230;.What happens when 2007 really hits?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2007 is not going to be a good year for mortgages. The percent of seriously delinquent after 12 months is 0.97% for mortgages issued in the first half of 2007, as opposed to 0.33% for those issued in 2006. Freddie Mac reported 1.38% at 18 months as compared to 0.38% for 2007 and 2006 respectively. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1004,1088],"tags":[],"class_list":["post-194932","post","type-post","status-publish","format-standard","hentry","category-bubble","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194932"}],"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=194932"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194932\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}