[Archive]

Posted By: Ted Zanidakis

THANKS for making my case and reinforcing my 0.6% figure on foreclosures. You stated......

"Over 900,000 households are in the foreclosure process, up 71% from a year ago, according to
a survey by the Mortgage Bankers Association. That figure represents 2.04% of all mortgages,"

The latest homeowner's statistics indicate there are approx. 150,000,000 households with mort-
gages in this country. Therefore.......

900,000/150,000,000 = 0.6 %

The mistake you made was to accept CNN's math (2% figure). Most everybody knows that the
majority in the "media" are mathematically challenged.

TED Z