Fannie & Freddie Will Not Kick You Out If You Stop Paying your Mortgage (VIDEO)

Jan 9, 2011 at 5:49 PM
DailyBail in fannie & freddie, fannie mae, freddie mac, housing, housing, housing bubble, mortgage, video

Video:  Michael Burry, the former head of Scion Capital LLC who predicted the housing market’s plunge, and was profiled on 60 Minutes, talks with Bloomberg -- Aired Sep. 7

Interesting commentary.  Start watching at the 1:30 mark for his comments on Fannie & Freddie.  A 2nd clip from Burry is below.  We first reported on this trend in the following story:

• Strategic Default & Living For Free: Josh Bartlett Hasn't Made A Mortgage Payment In 32 Months And He Hasn't Been Kicked Out Yet (PBS VIDEO)

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Video:  Burry Discusses Investing in Farmland, Real Estate, Gold

 

 

 

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Screenshot

Foreclosure roulette.

 

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).