June 21, 2010
Who are the largest landlords in the United States? It seems as though Fannie Mae and Freddie Mac take the lead in this department owning 163,828 at the end of Q1 2010.
How many home is 163,828? More houses than there are in Seattle!
According to the New York Times:
Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of the nation’s largest landlords.
Thought you would enjoy this clip “THE LANDLORD” from Funny or Die, with Will Ferrell…