by Calculated Risk on 4/21/2009 05:16:00 PM
Tuesday, April 21, 2009
Here is a letter from the FHFA to Chairman Dodd that was released today (ht James, Tim, Brian)
Update: here is the news release from FHFA: FHFA Expands Reporting on Homeowner Assistance
The tables show that the number of prime 60 days+ delinquent rose to 743,686 in January, from 497,131 in December. This is an increase from 1.93% in December to 2.89% in January.
The number of non-prime 60 day+ delinquent loans increased too; from 428,705 in December to 485,365 in January. But the foreclosure problem is now mostly a prime problem!
Or as Tanta used to say: "We're all subprime now!"