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The share of non-agency mortgages 30-60 days past due soared 44 basis points to 3.54% in...

The share of non-agency mortgages 30-60 days past due soared 44 basis points to 3.54% in September, the highest level since February 2010. Seasonal trends may have played a factor, but JPMorgan expects this "wave of re-defaults" to last through 2013, suggesting at least some threat to the housing recovery.
Comments (2)
  • The interesting question is to what extent the high redefault rates were already priced in by the non-agency market. I don't know too many people who have been assuming that mods made a significant dent into redefault rates in the first place.
    26 Nov 2012, 12:43 PM Reply Like
  • Can we expect a significant dividend cut? When?
    27 Nov 2012, 02:07 AM Reply Like
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