Plan Orange For Mortgages (chart)
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Plan Orange For Mortgages (chart) as PDF for free.
More details
- Words: 250
- Pages: 1
PLAN ORANGE FOR MORTGAGES
PROPERTY VALUES
MORTGAGE BALANCES
21 x 40% = 8.4 21 - 8.5 = 12.5
12 x 40% = 4.8 Trillion 12 - 5 = 7 Trillion
21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1
fall in * Project property values of 40%
A
Total Value All Mortgages (USA circa 6/2006) 12 % of portfolio to write off or to go to negative equity 40% Total of mortgages lost or unsecured (Trillions) 5
A = Uncovered mortages = Bank losses = Bailout required = Payment for homeowners
A
6/06 PROPERTY 12/09 VALUES
6/06
MORTGAGE BALANCES
21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1
TRILLIONS
TRILLIONS
Total Value of All Residential Property (USA circa 6/2006) 21 Projected Loss of Values All Residential Property (USA) 40% Total Equity Loss Based Upon 40% Fall (Trillions) 8.5
12/09
Plan Orange for Mortgages: Pays down the mortgage debt of all property owners in the United States to 80% of the value of their home today. The purpose is twofold. It makes mortgage debt more affordable and strengthens the owners of mortgages. It is an overnight bankruptcy filing for high-debt homeowners -- with the clear end and obvious intention of reviving a consumer-driven economy. It also radically changes for the better the ruined world of mortgage investments.
(312) 919.8800 www.newmortgagenews.com
Michael White 2008 © All Rights Reserved
PROPERTY VALUES
MORTGAGE BALANCES
21 x 40% = 8.4 21 - 8.5 = 12.5
12 x 40% = 4.8 Trillion 12 - 5 = 7 Trillion
21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1
fall in * Project property values of 40%
A
Total Value All Mortgages (USA circa 6/2006) 12 % of portfolio to write off or to go to negative equity 40% Total of mortgages lost or unsecured (Trillions) 5
A = Uncovered mortages = Bank losses = Bailout required = Payment for homeowners
A
6/06 PROPERTY 12/09 VALUES
6/06
MORTGAGE BALANCES
21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1
TRILLIONS
TRILLIONS
Total Value of All Residential Property (USA circa 6/2006) 21 Projected Loss of Values All Residential Property (USA) 40% Total Equity Loss Based Upon 40% Fall (Trillions) 8.5
12/09
Plan Orange for Mortgages: Pays down the mortgage debt of all property owners in the United States to 80% of the value of their home today. The purpose is twofold. It makes mortgage debt more affordable and strengthens the owners of mortgages. It is an overnight bankruptcy filing for high-debt homeowners -- with the clear end and obvious intention of reviving a consumer-driven economy. It also radically changes for the better the ruined world of mortgage investments.
(312) 919.8800 www.newmortgagenews.com
Michael White 2008 © All Rights Reserved
Related Documents
Plan Orange For Mortgages (chart)
April 2020 5
Plan Orange & All Private Sector Debt (chart)
April 2020 4
Plan Orange & Money-center Banks (chart)
April 2020 3
Killing Catastrophe: The Argument For Plan Orange
December 2019 11
Orange
October 2019 33