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- More Weird Numbers
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My day started with my inability to understand a series of statistics reported in Bloomberg this morning.Housing Wire follows up on the “methodology change” that purportedly caused the new defaults and cured loan reporting for April to surge and plummet, respectively, in the Mortgage Insurance Companies of America’s most recent report. I share HW’s sources’ skepticism about the explanation given for this change. It simply sounds like a very large lender has been allowed–heretofore–to report fewer delinquencies and more cures than everyone else does, by using different definitions. As that is not something that sounds very good, I would suggest that MICA needs to come up with a better explanation….
Original Source
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30 May, 2008| housingblogs |
@ 21:13