Now that over a trillion $$$ of mortgage backed securities have been purchased by the Treasury, I have notice a distinct absence of foreclosures on the market. I watch sales of both Fanny and HUD and it has dried up over the last 13 months.
Does this mean a whole new round of housing crises is around the corner?
Does this also mean the mortgage holders under Government control mortgages have not been making their payments and living free?
And, if this is all true, was this done to falsely boost the economy, by helping the new home building market? All at the expense of the tax payer