Fwd: Here is part of a Perfect Storm................

-------- Original Message --------

Subject:	Here is part of a Perfect Storm................
Date:	Tue, 1 Mar 2011 12:05:56 -0500
From:	Kerwin, Michael <Michael.Kerwin@ssa.gov>
To:	'dick thompson' <rhomp2002@earthlink.net>

If one looks at the current inventory of house that has remains constant since 2007 – 12 million;

 

Estimate the current Foreclosures and Under Water Housing in this Country…--- 8-10 million

 

Estimate of additional Homes going into Foreclosure or Underwater for one percentage of Interest Rate increase-------- 3 to 5 million homes

 

Government and private Economists estimates of Interest rate increases when Fannie and Freddie go south under the current proposals ----- 3 to 3.5 percent…..……

 

Estimate of increase of Long-Term Interest Rate actions taken by the Federal Reserve in next 5 Years ---------   3 to 4 percent

 

Not factored into equation  ----- Inflation Rate….

 

 

 

http://finance.yahoo.com/news/Key-House-Republican-praises-apf-1979229923.html?x=0&sec=topStories&pos=3&asset=&ccode=