Fannie and Freddie are having to repossess so many houses that they now own 163,828 of them, says Binyamin Appelbaum in the NYT. That’s more houses than there are in Seattle.
And who owns Fannie and Freddie and their foreclosed houses and future losses? You do!
So give yourself a pat on the back, taxpayers. You’re now one of the biggest landlords in the US!