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Fannie, Freddie, FHA face tsunami-sized shadow inventory
West Orange Residents Paul and Susan Zimmer Honored by Susan G. Komen for the Cure North Jersey

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Fannie, Freddie, FHA face tsunami-sized shadow inventory

Here's a quote from Inman News™, written by  Ken Harney, award-winning author of the nationally syndicated column, "The Nation's Housing":

"For starters, officials speaking on background made clear that they recognize the recent efforts of Fannie, Freddie and FHA to reduce their inventories. However, said one official, the three agencies face a tsunami-sized shadow inventory that is now heading their way -- a combined 1.4 million delinquent loans on their books, at least half of which, they estimate, will end up in foreclosure.

West Orange Residents Paul and Susan Zimmer Honored by Susan G. Komen for the Cure North Jersey

 
 
West Orange residents Paul and Susan Zimmer were the recipients of a2011 Volunteer Recognition Awardat the Susan G. Komen for the Cure® North Jersey Affiliate’s annual Volunteer Recognition Tea on November 6. Over 150 attendees were treated to High Tea (graciously provided by FOOD in Summit) at the event, which honors volunteers from throughout the Affiliate’s nine-county North Jersey service area. The Zimmers, who are dedicated, long-standing volunteers of the North Jersey Affiliate, have been enthusiastic supporters and participants of the annual Komen North Jersey Race for the Cure, Tie-A-Ribbon campaign, and other initiatives.