Non Farm Payrolls; MBA Delinquency
Summary: Headline reads jobless rate at a five year high,
under the sheets... total unemployment surged to 10.7%
Headline reads foreclosures hit 29 year high, under the sheets... 6.4% of all mortgages are now overdue...
as the contagion has spread from sub prime to Alt-A to prime loans.
Nonfarm Payrolls Aug -84K vs -51K Full Report
Inside the number: Unemployment Rate Aug 6.1% vs 5.7%. +592K to 9.4 million; over 12 months +2.2 million +1.4%.
Labor force +250K; employed -342K; unemployed +592K; not in labor force +8K; Goods producing -57K...
manufacturing -61K; construction -8K; service providing -27K; professional -53K; education & health services +55K
Table 12 U-6 Total unemployed 10.7% vs 10.3%
Mortgage Bankers Association Delinquency Report Full Report
New foreclosures increased to 1.19%, rising above 1% for the first time in the survey's 29 years.
The total inventory of homes in foreclosure reached 2.75%, almost tripling since the five-year housing boom ended in 2005.
The share of loans with one or more payments overdue rose to a seasonally adjusted 6.41% of all mortgages, an all-time high.
6.78% of prime ARMS are overdue up from 2.02% a year ago.
California and Florida accounted for 58% of all prime ARM foreclosure starts in Q2 and 78% of the increase in prime ARM foreclosure starts.
under the sheets... total unemployment surged to 10.7%
Headline reads foreclosures hit 29 year high, under the sheets... 6.4% of all mortgages are now overdue...
as the contagion has spread from sub prime to Alt-A to prime loans.
Nonfarm Payrolls Aug -84K vs -51K Full Report
Inside the number: Unemployment Rate Aug 6.1% vs 5.7%. +592K to 9.4 million; over 12 months +2.2 million +1.4%.
Labor force +250K; employed -342K; unemployed +592K; not in labor force +8K; Goods producing -57K...
manufacturing -61K; construction -8K; service providing -27K; professional -53K; education & health services +55K
Table 12 U-6 Total unemployed 10.7% vs 10.3%
Mortgage Bankers Association Delinquency Report Full Report
New foreclosures increased to 1.19%, rising above 1% for the first time in the survey's 29 years.
The total inventory of homes in foreclosure reached 2.75%, almost tripling since the five-year housing boom ended in 2005.
The share of loans with one or more payments overdue rose to a seasonally adjusted 6.41% of all mortgages, an all-time high.
6.78% of prime ARMS are overdue up from 2.02% a year ago.
California and Florida accounted for 58% of all prime ARM foreclosure starts in Q2 and 78% of the increase in prime ARM foreclosure starts.
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