Fannie, Freddie suffer Florida foreclosure woes

Florida lawmakers never voted on a chance to speed up the foreclosure process for Fannie Mae, Freddie Mac and the taxpayers who support the mortgage giants.

More than 166,000 mortgages guaranteed by Fannie Mae and Freddie Mac spent more than one year without a payment in Florida, according to Federal Housing Finance Agency data released Monday.
The next closest state, Illinois, totals 41,000 GSE-backed home loans more than 365 days delinquent.
The Florida share represents about 30% of the more than 568,000 year-long delinquent loans on Fannie and Freddie books as of Dec. 31.**** read more