Comments on: Thursday links are eclipsed http://blogs.reuters.com/felix-salmon/2009/07/23/thursday-links-are-eclipsed/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: bdbd http://blogs.reuters.com/felix-salmon/2009/07/23/thursday-links-are-eclipsed/comment-page-1/#comment-4577 Thu, 23 Jul 2009 20:20:59 +0000 http://blogs.reuters.com/felix-salmon/2009/07/23/thursday-links-are-eclipsed/#comment-4577 insurance on a per mile basis would be great for me, so someone tee it up, please. Road use charges on a per mile basis seems silly to me — gasoline taxes approximate the same effect, with an added tax on fuel inefficient vehicles. That seems like a sensible set up already in place.

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By: Ginger Yellow http://blogs.reuters.com/felix-salmon/2009/07/23/thursday-links-are-eclipsed/comment-page-1/#comment-4566 Thu, 23 Jul 2009 16:57:49 +0000 http://blogs.reuters.com/felix-salmon/2009/07/23/thursday-links-are-eclipsed/#comment-4566 “Do 30 percent of seriously delinquent borrowers “self-cure” without receiving a modification?”

Put it another way and it seems more plausible. 70% of seriously delinquent borrowers default or need a modification. The single most common cause of delinquency is unemployment. So it stands to reason that a significant proportion of people will become seriously delinquent when they lose their job, and then become current again when they find a new one. The current house price situation muddies the water a fair bit, because the incentives to walk away are much higher, but not every state lets you do it, and there are obviously costs in doing so.

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