I'm trying to ascertain for myself the depth of this housing crisis that we're in. I'd like to predict the foreclosure rate in the USA. However, I would also need the other informations:
- What has been the historical foreclosure rate?
- What are predictors of the foreclosure rates? I would think that it's a function of: 1) The "spike" that an ARM resets at. 2) The percentage of people on sub-prime loans.
- Regarding the sub-prime mortgages: What portion of them default now and historically?