[oxj]

Gerard Cassidy, a bank analyst at RBC Capital Markets, told the Wall Street Journal in an article published Friday, “We think there are hundreds of failures to come.”

Interesting data are found here.

[Cloud9]

While the number of U.S. prime RMBS loans rolling into a delinquency status has recently slowed, this improvement is being overwhelmed by the dramatic decrease in delinquency cure rates that has occurred since 2006, according to Fitch Ratings. An increasing number of borrowers who are 'underwater' on their mortgages appear to be driving this trend, as Fitch has also observed.

http://www.calculatedriskblog.com/2009/ ... rates.html

[pup55]

I do not think we are being told the half about what is happening in this area right now.....

[crude_intentions]

At this rate I wonder how many banks will fail simple because they won't be able to afford the FDIC insurance premiums. I know for a fact that its really hurting the smaller banks. When in 2006 some of them paid 100k-120k in premium those same banks are paying now paying 800k to a 1M in premiums.

[neocone]

Not having that FDIC insured sticker might be a real biatch...