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NY Fed: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low

Calculated Risk

Look at the difference in credit scores in the recent period compared to the during the bubble years (2003 through 2006). Recently there have been almost no originations for borrowers with credit scores below 620, and few below 660. A significant majority of recent originations have been to borrowers with credit score above 760.

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Lawler: Interest Rates Since the Federal Reserve Began Cutting Rates

Calculated Risk

10-Year T1PS Yield The chart below shows the monthly average 10-Year TIPS yield from December 2003 to December 2007 and then from January 2023 to December 2024 (December 2024 is the average to date). From 2003 to 2007 the 10-year TIPS yield averaged 2.06%, about the same as the average so far in December 2024.

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A Spectacularly Underappreciated 15 Years

The Big Picture

From March 2000 to the double lows October 2002 and March 2003, the Nasdaq 100 fell 82.9% (peak to trough). For two decades, every dip purchase was soon rewarded. It takes a while to change behavior. Look at the dotcom implosion (and the September 11 terrorist attacks).

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Q4 NY Fed Report: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low

Calculated Risk

Look at the difference in credit scores in the recent period compared to the during the bubble years (2003 through 2006). Recently there have been almost no originations for borrowers with credit scores below 620, and few below 660. A significant majority of recent originations have been to borrowers with credit score above 760.

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ICC Test Mace Winners List (2003–2025): Full History, Captains & WTC Transition Explained

Trade Brains

The ICC Test Mace instituted in 2003 was awarded to the No. 1-ranked team as of April 1st every year from 2003 (including retrospective rankings) to 2019. Written by RITESH SINGH The post ICC Test Mace Winners List (2003–2025): Full History, Captains & WTC Transition Explained appeared first on Trade Brains.

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Why 25 to 54 is the Prime Working Age group for the Participation Rate

Calculated Risk

Here is a graph of the participation rate by age cohort for November (1983, 1993, 2003, 2013 and 2023 NSA). Second, the reason we use the 25 to 54 group is that the participation rate is fairly steady across the entire age spectrum.

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Observations to Start 2023

The Big Picture

– Dot Com Implosion, March 2003 : After making a provisional low in October 2002, the dot com collapse reached its nadir in March 2003 coinciding with the launch of the Iraq invasion by the United States. The rally from those lows were close to a market double by the time we saw the next peak in October 2007.

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