Let's hope they are getting some out of the way. Freddie/Fannie "suspended" foreclosures for the holidays.

How nice of them.

I thought I could find the link, but until I can, I want to remove my comment. It was on CNBC and Fox News (yes, I know the feelings about Fox on here), but you'd think they both would have posted something. So, not wanting to be someone fabricating stuff, please delete what I posted. thanks.

I remember reading a few months ago how the FDIC's original estimates were being low-balled.
Now I want to remind you of one of the larger failures this year - Colonial Bank.

Colonial, which was deemed the sixth-largest bank failure in U.S. history after its seizure four months ago, had a current net worth of negative $5.8 billion by the end of the third quarter. That’s far worse than its original estimate of $2.8 billion to its insurance fund, according to recent data released by the FDIC.
“It basically says Colonial was a lot worse off than everybody thought it to be,” said Bert Ely of Alexandria, Virginia-based bank-consulting firm Ely & Co.
Also, the FDIC possesses more than $4.2 billion of the Montgomery, Alabama-based bank’s assets currently in liquidation. However, the FDIC also expects to lose more than $3.1 billion on those assets, according to a balance sheet posted by the FDIC.
Also, other losses could arise as the regulators attempt to untangle the web of loans held by Colonial but owned by its close partner and mortgage warehouse lender, Taylor Bean & Whitaker, which was shut down days prior to Colonial’s seizure, Ely said. Supposedly, loans were sold to Taylor Bean’s bank subsidiary, Illinois-based Platinum Community Bank, but it never received them.