Michael Shulman's surprised that the Street was surprised by this morning's weak housing data:...
Michael Shulman's surprised that the Street was surprised by this morning's weak housing data: "What did people expect after the expiration of the home buyer tax credit, with unemployment north of 20% in the real world, and Freddie (FRE) and Fannie (FNM) now responsible for more than 97% of all new mortgages?" Shulman believes we're only 25-33% through the foreclosure crisis.
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