Fannie and Freddie Own A Record $6.9 Billion Foreclosed Homes | WHAT REALLY HAPPENED


Fannie and Freddie Own A Record $6.9 Billion Foreclosed Homes

Fannie Mae acquired twice as many homes through foreclosure in the first quarter as it sold, regulatory filings show. ... Late payments on the company's home loans, a harbinger of foreclosures, almost doubled in the past year.

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And here is the problem; if they start flooding those foreclosed homes into the market it will drive down property values, which means more homeowners will be stuck in negative equity, which will trigger another round of foreclosures.

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