Realpoint came out with their August numbers. This is substantially faster than the June to July change of $387.9billion.
Balance of 90+ day delinquent loans declined (first decline since we started down this rabbit hole), every other bucket increased.
Total Realpoint Delinquency Level - 8.14%
sans Agency -- 8.48%
Conduit/Fusion - 8.61%
They reference the pipeline of problem loans too. All brand name loans typical of '06 and '07: EOP, ESH, PCV/ST, Beacon & Seattle, Farallon MHC, and CNL Hotels & Resorts. (That's 3 pari passu loans now)
Average Loss Severity in August - 62%. They have a nice breakout at the end regarding losses if you want some references.
Their report is free - realpoint.com.
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