I often look at the Fed's Mortgage Maps of America to cheer myself up(?).
Had a look today to see if there were any green shoots, and find that prime and subprime still aren't looking good.
Prime customers in default over 90 days compared with six months ago (green means it's getting better, red means it's getting worse):
And subprime in default over 90 days compared to six months ago:
I then looked at current rates of 90+ days delinquencies hoping that might show a better picture but prime:
are both getting worse.
Mind you, subprime foreclosures appear to be stabilising so … you never know.