Fannie Increases Rental Building Holdings As Sour Loans On Residential Apartment Houses Ending In Foreclosure Begin To Pile Up
Written by Administrator on April 23rd, 2011The Wall Street Journal reports:For more than three years, Fannie Mae has faced surging foreclosures on deteriorating home loans. Now, it also has to deal with an uptick in souring loans backing apartment buildings made as the market peaked four years ago.Last year, Fannie acquired 232 properties through foreclosure—more than double the amount in 2009—and loans backing another 481 properties were
The Home Equity Theft Reporter
Tags: Apartment, Begin, Building, Ending, Fannie, Foreclosure, Holdings, Houses, Increases, Loans, Pile, Rental, Residential, Sour
