7 Responses to “smartest person in Cupertino”

1. madhaus Says:
   May 13th, 2010 at 2:07 pm

   That depends. Can we include people in the Apple buildings?

2. DreamT Says:
   May 13th, 2010 at 3:32 pm

   Can we include Petsmart groomer’s clients? I know of a wicked smart dog that would love to visit his office at De Anza // Stevens Creek.

3. sonarrat Says:
   May 13th, 2010 at 10:37 pm

   Madhaus: brilliant avatar.

4. madhaus Says:
   May 13th, 2010 at 10:55 pm

   Madhaus: brilliant avatar

   Thanks, sonarrat. Which one?

   Ma href=”http://forums.redfin.com/t5/Bay-Area/Regional-Differences-in-California-Delinquencies-and-Underwater/m-p/104506#M22025″>Here’s an article I thought some of you might enjoy. It offers tantalizing tastes of our old “How many loans in the RBA were toxic?” argument, but no conclusions, since it is useless aggregate data. I even registered at the site that provides the research, but I guess only the paying customers get the meaningless anecdotal data.

   A small preview:

   Fitch Ratings-New York-12 May 2010: While mortgage performance in California is not substantially different than that of the U.S., a closer look reveals dramatic differences among various regions within the state, according to Fitch Ratings.

   Fitch recently conducted a study of all securitized non-agency California mortgage loans. Among the study’s numerous findings, one of the most notable is that ‘Delinquencies are highly correlated with the level of negative equity,’ said Managing Director Roelof Slump. ‘Regions with the largest home price increases have also seen the most precipitous declines.’

   The study concluded that 60+ delinquency rates for Prime loans are at 12% in California, compared to 10% nationally. The delinquency rates for other sectors are similar as well, including Option ARMs (47% vs. 46%), Subprime (50% vs. 47%), and Alt-A excluding Option ARMs (both 28%). However, further analysis reveals dramatic disparity among various regions within the 382 metropolitan statistical areas (MSAs) tracked by Fitch. For instance, California includes both the best performing region in the country (San Francisco-San Mateo-Redwood City, San Francisco) and some of the worst performing regions such as Riverside-San Bernardino-Ontario (Riverside) at 367th.

   Unfortunately, no mention whatsoever of the San Jose metro area, which would include large chunks of the former RBA.

5. madhaus Says:
   May 13th, 2010 at 10:57 pm

   I hate that preview doesn’t work on links anymore. Here is that link again.

   sonarrat, or did you mean this one?

6. madhaus Says:
   May 13th, 2010 at 10:59 pm

   I think I had better surrender my Internet license for the night.

   xxxxx

7. Insecure Techie Says:
   May 13th, 2010 at 11:17 pm

   May be this one.

Leave a Reply