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...

 

 

 

 

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 :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
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
A Salvo in the Battle for the Go...
04:41overtheedge
I would argue that the devil is in the details, i.e. the definition of money. What the people of the US are using is currency. Currency bei...
In Search of the Magic Wand: Car...
25 FebDoom
Yes, stay away from University of Phoenix, a school with a 9% graduation rate, that only gets students because it spends $200,000 a day on Google a...
Emails From Kiev: Free Speech Va...
25 Febovertheedge
"The problem is, the asshats associated with Poroshenko are even worse than he is." I'm assuming you mean the predators in the US White Ho...
The Bull Case For Gold This Year...
25 Febdepourcq
You talked about all the wrong reasons that gold will rise or fall, their is only one that everyone should know. The US has a debt of 18.134 trilli...
The Bull Case For Gold This Year...
25 Febneville
The fact that you are very lowly rated might be one of two things .1.You have been playing this card to often (Bear Joker) 2,The other is that you ...
Interventionism Kills: Post-Coup...
24 FebJosu O.
A nice summary of what actually happened. It's sad that few europeans and even fewer americans are going to read it. My opinion is that US...
First ZIRP, Now NIRP!
24 FebM.
Industries which have been considered to be the safest places to place money are now being forced into becoming quasi hedge funds to achieve yield....
Debt Heaven Fallacy, not on Earth
23 FebKarandash
45 years ago I needed a loan to buy a car. I was 19. I had a job. But my parents had to put their house as collateral. ahh... forget it....
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Anaconda Min.(Au)ANX.TO
maximizing Pine Cove deposit potential through recent drilling
CA$ 0.04+0.00%Trend Power :
Corporate news
Sprott Resources(Ag-Au-Co)SCP.TO
Resource Corp. Announces Date for 2014 Annual Results Conference Call
CA$ 1.33-0.75%Trend Power :
Corporate news
Vena Res.(Ag-Au-Cu)VEM.TO
Intersects 24.2 Metres of 131 g/t Ag and 0.4 g/t Au Including 8.1 Metres of 292 g/t Ag and 0.
CA$ 0.07+16.67%Trend Power :
Corporate news
Tanami Gold(Ta-Au)TAM.AX
NST Signs HOA to Acquire Central Tanami
AU$ 0.03-7.14%Trend Power :
Corporate news
TristarTOG.TO
TORC Announces Closing of the Previously Announced Strategic Acquisition in Southeast Saskatc
CA$ 9.16-0.11%Trend Power :
Corporate news
Callinan Royalties(Cu-Le-Ni)CAA.V
Graduates to the Toronto Stock Exchange
CA$ 1.80+2.27%Trend Power :
Corporate news
BowmoreBOW.V
Reports Exploration Results From the Victoria Lake Tin Property in New Brunswick
CA$ 0.06+20.00%Trend Power :
Corporate news
Tahoe ResourcesTHO.TO
Announces Receipt Of Shareholder Approval
CA$ 17.00+0.06%Trend Power :
Corporate news
Bannerman(Ur)BMN.AX
Construction Update - Etango Heap Leach Demonstration Plant
AU$ 0.06+0.00%Trend Power :
Corporate news
Colibri Res.(ag-au-cu)CBI.V
Announces Annual and Special Meeting and Proposed Share Consolidation
CA$ 0.00+0.00%Trend Power :
Corporate news
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.