3 ms·

Can you post a source for that? The following blog states the opposite: http://thurbersthoughts.blogspot.com/2009/02/chicago-tea-party-and-re-default-rates.ht

by jibiki 18y ago

Can you post a source for that? The following blog states the opposite: http://thurbersthoughts.blogspot.com/2009/02/chicago-tea-party-and-re-default-rates.html http://thurbersthoughts.blogspot.com/2009/02/chicago-tea-par... "(Side note: Fannie Mae and Freddie Mac had higher default rates than traditional lenders. I'm sure there's an entire blog post for the implications of this fact alone.)" On the other hand, this blog indicates the other way: http://seekingalpha.com/article/82074-six-quotes-from-fannie-mae-on-the-mortgage-industry http://seekingalpha.com/article/82074-six-quotes-from-fannie... I'm more inclined to believe a random HN comment than a random blog, but it would be nice to have a source either way.

MaysonL 18y ago
http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&ItemID=5681&accnt=64847 http://www.realtytrac.com/ContentManagement/pressrelease.asp... foreclosures in the US were on about 1.8 percent of all households. http://www.fanniemae.com/media/pdf/newsreleases/form10k_newsrelease_022609.pdf http://www.fanniemae.com/media/pdf/newsreleases/form10k_news... foreclosure rates hit a high of .65 percent (annualized) in the third quarter on Fannie's portfolio. Note: they stopped foreclosing in December, so their rate dropped in Q4. Given that the first figure is for all households, including those owned free and clear, it's pretty likely that Fannie and Freddie are seeing substantially lower default rates than the rest of the industry.