not know if the situation is really improving...
or still going to Hell=AZ in a hand basket.
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While both Bill@CR and the Paper Economy show U.S. that the FMae&FMac problem RE loans appear to be getting better, you NEED to read Bill's explanation of what is really going on.
What he is telling U.S. is that all is NOT what it appears to be...
that bcuz pending mods were still counted at "delinquent"
the numbers were shown at the peak to be much higher than they probably were
but having said that, he is also of the opinion that the situation is improving.
Bcuz "the number" is now going down.
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Fannie Mae Delinquencies: May 2011
http://paper-money.blogspot.
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Fannie Mae and Freddie Mac Serious Delinquencies Decline in May
http://www.calculatedriskblog.com/2011/06/fannie-mae-and-freddie-mac-serious.html
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Fannie Mae single-family delinquency rate falls in May
http://www.housingwire.com/
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