Fannie Mae Delinquencies: November 2011 + Fannie Mae and Freddie Mac Serious Delinquency Rates: Slight increase for Freddie in November

[mEDITate-OR:

not find delinquencies not declining to be somewhat funny good news.

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As Bill@CR reports, by not declining, that does NOT mean that they are becoming current...

only that they are being very slowly "foreclosed" upon.

IF they do start really declining, it will probably mean a lot MORE foreclosures.

And, that will drive down home prices further.

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The unanswered questions are:

Where are these FMae&FMac "delinquents" located?

and

When will FnF finally get around to doing this?

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Fannie Mae Delinquencies: November 2011 
http://paper-money.blogspot.com/2011/12/fannie-mae-delinquencies-november-2011.html
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Fannie Mae and Freddie Mac Serious Delinquency Rates:
Slight increase for Freddie in November
http://www.calculatedriskblog.com/2011/12/fannie-mae-and-freddie-mac-serious.html
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