More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic.By contrast, homeowners with less lavish housing are much more likely to keep writing checks to their lender. About one in 12 mortgages below the million-dollar mark is delinquent. emphasis added
from The Big Picture. I’m sure that somehow this can be blamed on lazy brown people. I’m a bit less optimistic that we’ll see any retractions of all the “subprime” stories that started running in summer 2007.