Friday, June 5, 2009

Mortgage Meltdown Overview

Here's a powerpoint presentation showing some interesting data on the housing market. It is produced by Whitney Tilson and Glenn Tongue, managing partners of T2 Partners and the authors of More Mortgage Meltdown. I haven't had a chance to check out the book, but the charts are quite foreboding. As I've examined before, the subprime mess is not the end of the mortgage/bank problems. There are many Alt-A and Option ARM mortgages still poised to deliver massive defaults, as well as commercial real estate and consumer debt.

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