Fannie Mae-No Politics (FNMA)

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More confirmation of the strong connection between jobs and ability to pay. Increased jobs leads to increased home ownership and reduced delinquency. It's that simple. Take away those jobs and mortgage payments stop. Now, take HUD setting F&F mandates to increase home ownership without taking into consideration job availability and that is a certain recipe for disaster, aka, 2008 Financial Crisis. THAT is what was at the root cause of the collapse, irregardless of what Gov mouthpieces tell you. Gov placing the blame on F&F illustrates the massive coverup and only reinforces allegations that the F&F take-down was all contrived well in advance.

The number of mortgaged properties with negative equity fell to 2.8 million homes in the second quarter, a drop of 10.0 percent from the prior quarter, according to new figures compiled by CoreLogic. Year over year, the decline was even steeper at 21.9 percent.