Maybe I got this wrong, but GSE’s have been foreclosing much much faster than the private lenders, (why not they get paid the diff by the Gov, no sense holding on. also maybe why they are opposed to this).
That is why the low end was hit so hard so fast.
I doubt there are any GSE loan owners living rent free for very long.
Also doubt this will impact coastal SD much.
But like I said, maybe I got it wrong.
