http://globaleconomicanalysis.blogspot.com/2008/03/wamu-alt-pool-revisited.html
Cesspool Bottom Line
22.69% of a pool that was 92.6% rated AAA is 60 days delinquent or worse. 3.56% of that pool is REO. That's an amazing performance for an AAA pool whose issue date was May, 2007. At the current rate of progression it would not be surprising to see 30% of this pool get to REO status.
Yeah, I read that. Not something Paulson wants to talk about, huh ?