{"id":55645,"date":"2009-11-30T12:06:00","date_gmt":"2009-11-30T17:06:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/subprime-down-but-still-no-sign-of-a-bottom-2009-11"},"modified":"2009-11-30T12:06:00","modified_gmt":"2009-11-30T17:06:00","slug":"subprime-down-but-still-no-sign-of-a-bottom","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/55645","title":{"rendered":"Subprime: Down, But Still No Sign Of A Bottom"},"content":{"rendered":"<p>I know, I know. Subprime is so, like, 2007. And most of the financial press has moved onto sexier mortgage words like &ldquo;option ARMs,&rdquo; or &ldquo;FHA loss reserves.&rdquo;<\/p>\n<p>That said, I thought it would be interesting to dive back into subprime waters, taking a granular look at individual deal performance using November remittance data from that old standby, the ABX. (For those that don&rsquo;t recall, the ABX index was launched by Markit in 2006 to track the private-party subprime RMBS market &mdash; and it allowed some hedge funds an easy mechanism to short the market for subprime mortgages.)<\/p>\n<p>We decided to take a look all 81 different deals across the 2006 and 2007 vintages within the ABX, comparing month-to-month percentage changes in both 60+ day delinquencies (not yet in foreclosure) and properties in foreclosure status.<\/p>\n<h1><strong><a href=\"http:\/\/www.housingwire.com\/2009\/11\/30\/viewpoint-for-subprime-is-it-deja-vu-all-over-again\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+HousingWire+(HousingWire)&amp;utm_content=Google+Reader\">Read the whole thing at HousingWire &gt;&gt;<\/a><\/strong><\/h1>\n<p><a href=\"http:\/\/www.businessinsider.com\/subprime-down-but-still-no-sign-of-a-bottom-2009-11#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/citi-heres-the-nightmare-scenario-for-commodity-bulls-2009-11\">Citi: The Commodity Collapse Could Be &quot;Subprime Part II&quot;<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-california-housing-market-continues-to-recover-befuddling-bears-2009-11\">California Housing Market Continues To Recover, Befuddling Bears<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-latest-facts-about-the-state-of-the-housing-market-2009-11\">Latest Facts About The State Of The Housing Market<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/3QtuOpFBt9M\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I know, I know. Subprime is so, like, 2007. And most of the financial press has moved onto sexier mortgage words like &ldquo;option ARMs,&rdquo; or &ldquo;FHA loss reserves.&rdquo; That said, I thought it would be interesting to dive back into subprime waters, taking a granular look at individual deal performance using November remittance data from [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-55645","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/55645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=55645"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/55645\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=55645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=55645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=55645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}