Note 1: My pal Ramsey has developed what he calls a "Contagion Indicator" wherein he tracks the percentage of San Diego NOD, NOT, and REO homes with original loan amounts over $500,000. Here are the April numbers.Ramsey&039;s Contagion Indicator(% of homes with loans over $500k) NOD: 21.3%NOT: 21.9%REO: 20.4%These numbers are a little higher than I would have expected given all the chatter about foreclosures being a low-tier-only phenomenon. It will be interesting to see how much this indicator [...]
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[Source: The Money Blogs]
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