The Problem of the F’s
August 10, 2010 at 11:36 AM EDT
The ultimate indication of a mortgage that has gone bad is when the lender forecloses and ends up owning the property. The graph below (from http://www.calculatedriskblog.com/) shows the number of properties that are in “Real Estate Owned” status (REO) by Fannie Mae (FNMA), Freddie Mac, the Federal Housing Authority and owned by the owners of [...]