The delinquency rate in Jan 2008 was 7.47% up from 7.2%. It almost doubled from previous year when the rate was 4.32%.
I think Bill Miller has lost his touch. It's hard to believe he is asking for more money from Bank of America. He should be thanking them for saving him bigger losses.
Remember that this is just the tip of iceberg. More and more people are going to walk away from their houses.
In another story, Sacramento region foreclosures nearly equals home sales. I guess you can call people who bought houses during this period "Brave."
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