Comments on: Is Fannie Mae the Nation’s Largest Homeowner? http://blog.redfin.com/sfbay/2008/07/is_fannie_mae_the_nations_largest_homeowner.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Scott http://blog.redfin.com/sfbay/2008/07/is_fannie_mae_the_nations_largest_homeowner.html/comment-page-1#comment-5392 Scott Thu, 24 Jul 2008 19:55:06 +0000 http://blog.redfin.com/sfbay/2008/07/is_fannie_mae_the_nations_largest_homeowner.html#comment-5392 The statement that Fannie Mae's obligations are $5 billion grossly underestimates their actual obligations: "They (Fannie & Freddie) own or guarantee almost half of the $12 trillion in U.S. home loans" (http://www.bloomberg.com/apps/news?pid=20601109&sid=acz2pOLvm6Oo&refer=home). Of course, not all of those are in distress; but it's still a huge amount of obligations that are backed by the U.S. government. The statement that Fannie Mae’s obligations are $5 billion grossly underestimates their actual obligations: “They (Fannie & Freddie) own or guarantee almost half of the $12 trillion in U.S. home loans” (http://www.bloomberg.com/apps/news?pid=20601109&sid=acz2pOLvm6Oo&refer=home). Of course, not all of those are in distress; but it’s still a huge amount of obligations that are backed by the U.S. government.

]]> By: David http://blog.redfin.com/sfbay/2008/07/is_fannie_mae_the_nations_largest_homeowner.html/comment-page-1#comment-5387 David Thu, 24 Jul 2008 16:09:43 +0000 http://blog.redfin.com/sfbay/2008/07/is_fannie_mae_the_nations_largest_homeowner.html#comment-5387 There are thousands of homes available for less than $500 (yes, half a grand, not 500K) in Detroit. Sometimes a house just doesn't have zero value, it has negative value (fixing up, property tax liabilities etc), and you'd have to literally pay someone to take it off your hands. There are thousands of homes available for less than $500 (yes, half a grand, not 500K) in Detroit.

Sometimes a house just doesn’t have zero value, it has negative value (fixing up, property tax liabilities etc), and you’d have to literally pay someone to take it off your hands.

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