Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

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

 

 

 

 

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
MOST READ
Silver Technicals - Silver technicals - Zealllc
List of the Largest Diamonds In the World - Famous diamonds  (16)
How To Buy Gold Or Silver - Trace Mayer - Run to Gold  (10)
On corruption - Food for thought  (12)
Most commented articles More... 
TOP RATED
MOST COMMENTED
Latest Comments
‘Real’ Performance Comparison
26 MarChristopherbalz
Question: In the method of figuring inflation referenced, what is the rationale for adding population growth to productivity growth? Sugge...
100 Items That Disappear First in a Disaster
23 Markevthorne
68, 69 probably not that safe - particularly if you're growing your own vegetables - keep a Maine Coon cat instead: does the job automatically.
Farage Interviews Le Pen: “Prison of the EU”
21 Marneville1
BRITANNIA RULES THE WAVES AND NOW BREXIT WAIVES THE RULES. GO FOR IT FRANCE AND RID YOURSELVES FROM THE CHAINS OF IDIOTS. NOT SIN...
How the Fed Operates — And Why It's a Problem
20 Marramasart
In a nutshell, the Fed facilitates the theft of the value of the dollar, as they can control the increase in supply which at the same time inverts ...
How the Fed Operates — And Why It's a Problem
20 Marneville1
With all due respects for outlining how the crooked american Fed works or should work. From all our research we find the following the Fed...
Sparta - Gold prohibition in a collapsing economy
18 Markevthorne
You've answered none of the authors points: your comment is flat rubbish.
America Too Broke to Fix Crumbling Infrastructure? “Bridges, Roads,...
16 MarCameron Waugh1
Just like the leaders of the Bolshevik revolution were not Russians, those formulating belligerent US foreign policy are not Americans, and they ha...
POTUS at SOTUS
16 MarDRGEORGE1
Try explaining that to my patients dying on public waiting lists or getting ripped off by exorbitant private specialist fees!
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS