In the same category

Loan Modification Data: Information in Need of a Pie Chart

IMG Auteur
Published : February 19th, 2011
192 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Debt
Category : Market Analysis

 

 

 

 

I’ve got nothing against horizontally stacked (?) bar charts with only one group of data such as the results of the U.S. government’s loan modification program portrayed in this story at ProPublica (spotted at Barry’s Big Picture blog). But in my view, this was a dataset that was just crying out for a pie chart.

 

 

There’s really not much that needs to be added to the graphic above, that is, aside from the fact that those 35% who made it through to “permanent” status have a freakishly high median back-end debt-to-income ratio of over 60%, making the use of the word “permanent” to describe their status premature at best.

 

For those new to this story, HAMP (Home Affordable Modification Program) was much more of a bank rescue program than one for homeowners since most people who entered the trial couldn’t make it through to permanent status and, for those who did, the odds of surviving such an onerous debt load for more than a year or two are not good. The banks, however, were able to stretch out the entire process, delaying the realization of even bigger losses.

 

Tim Iacono

Iacono Research.com

 

 

 

 

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
State of Failure
11 AprThe Recusant1
My, my...James's article almost sounds as if Trump himself might have gassed the people as a deflection and not Syria at all! Why...why...that's co...
State of Failure
09 AprGypsy
The STOCK MARKET trend has been DOWN. In fact, the word after Friday's Crash was "Standby for Monday." In a Moment of Severe Stress, the so-calle...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
05 Aprsirqitous
Seen realistically, however, this was money well spent for TPTB, even if they never get that loan repaid! As free advertising for the MSM cover st...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
03 Aprprljr
The really really really really unfortunate thing is that there are people and i use that word "people" lightly, are for no other explanation that ...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
28 Marprblmsolved
The really unfortunate thing about this story; For that kind of money he probably could have hired someone with access to a modern performance ...
East Continues Stacking Gold While The West Stacks Paper Illusions
24 Marprljr
If a countries cartel owned private Central Bank acquires the Gold with cartels bank money for the country it supposedly represents who actually ow...
Russia Did It!
23 Marprljr3
I have not trusted whatever the US government has reported,said,demanded since 911. The government ignored the laws of physics in explaining pretty...
Russia Did It!
23 Markevthorne4
One of the most sensible, level-headed articles I've read on this subject for a long time.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS