Fannie Mae-No Politics (FNMA)

[altruism]

"We really don't know just how bad things could get for banks in the United States. In August, the Mortgage Bankers Association reported that the delinquency rate for mortgage loans on one- to four-unit residential properties rose 386 basis points from the sequential first quarter, constituting 8.22% of all outstanding loans by the end of the second quarter. That's the biggest quarterly increase since the MBA began tracking loan delinquencies in 1979."

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