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Thursday, October 30, 2008

ECU's Subprime/Foreclosure Forum Part III


Here is the last installment of the power point pdfs from our friends at the Federal Reserve of Richmond from last Monday's Forum. This is from Steve Sanderford who is a Senior Retail Lending Specialist at the Richmond Fed. The topic is the fallout, human and residential capital, from foreclosures in the Fifth Federal Reserve District. I believe I remember this gentleman saying the typical foreclosure costs in the range of $60,000.00 in Northern Virginia. Oh boy. http://www.funnyeconomist.com/Sanderford.pdf Look and learn.

1 comment:

Keegan said...

If you had a slide to show the number of people who were NOT on the national Do Not Call list by population density, there would be a huge correlation to that and to where the sub prime loans were originated.