{"id":198593,"date":"2007-10-25T23:16:00","date_gmt":"2007-10-26T04:16:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/25\/mortgage-losses-worse-than-previously-believed\/"},"modified":"2007-10-25T23:16:00","modified_gmt":"2007-10-26T04:16:00","slug":"mortgage-losses-worse-than-previously-believed","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/25\/mortgage-losses-worse-than-previously-believed\/","title":{"rendered":"Mortgage Losses Worse Than Previously Believed"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2007\/10\/25\/business\/25mortgage.html?_r=2&amp;hp=&amp;adxnnl=1&amp;oref=slogin&amp;adxnnlx=1193321080-nxrh2AIARNOoG9WcuAOOfQ\">It just gets better and better<\/a>.<\/p>\n<p>It not appears the Merrill Lynch will take losses of at least $8 <span style=\"font-weight:bold;\">billion<\/span>, up $3 billion from a few weeks ago, they are predicting 2 <span style=\"font-weight:bold;\">million<\/span> foreclosures, 4x the estimate of the Bush administration, and housing inventories are at their highest in 20 years.<\/p>\n<p>This neglects the fact that it&#8217;s not just subprime though, so it <span style=\"font-weight:bold;\">will<\/span> get worse.<\/p>\n<p>This has been todays bit of sunshine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It just gets better and better. It not appears the Merrill Lynch will take losses of at least $8 billion, up $3 billion from a few weeks ago, they are predicting 2 million foreclosures, 4x the estimate of the Bush administration, and housing inventories are at their highest in 20 years. This neglects the fact &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973,1265,1088],"tags":[],"class_list":["post-198593","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy","category-housing-crash","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198593"}],"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=198593"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198593\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}