Comments on: Case-Shiller: green shoots, yes but pretty grim nonetheless http://www.creditwritedowns.com/2009/04/case-shiller-green-shoots-yes-but-pretty-grim-nonetheless.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: pwm http://www.creditwritedowns.com/2009/04/case-shiller-green-shoots-yes-but-pretty-grim-nonetheless.html#comment-56335 pwm Sun, 03 May 2009 04:36:00 +0000 http://www.creditwritedowns.com/?p=8187#comment-56335 Price declines will seem to slow as the median property moves from subprime to non-subprime, with foreclosures cooling in the subprime space and surging in the prime, alt-A, and option ARM area. I suspect that this could lead to larger writedowns at the big banks than subprime did. Many of these larger mortgages are still being carried at nearly par. Many second mortgages are going to join the default parade, with nearly no recovery. I use this blog here to see what is in the foreclosure pipeline: http://www.fieldcheckgroup.com/ Price declines will seem to slow as the median property moves from subprime to non-subprime, with foreclosures cooling in the subprime space and surging in the prime, alt-A, and option ARM area. I suspect that this could lead to larger writedowns at the big banks than subprime did. Many of these larger mortgages are still being carried at nearly par. Many second mortgages are going to join the default parade, with nearly no recovery.

I use this blog here to see what is in the foreclosure pipeline: http://www.fieldcheckgroup.com/

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