Kicked to the Curb

"I honestly think it's going to get tougher before it gets better," Richard Syron, the company's chairman and CEO, said in a discussion with financial analysts in New York.

Freddie's shares fell $1.80, or more than 5 percent, to $33.24 in morning trading.

While the mortgage crisis has brought a rising wave of foreclosure notices into public view, less evident have been "pictures of people standing with furniture on the lawn" after being forcibly evicted from their homes, Syron said. "As that begins to happen, and it will happen, I am afraid of the impact that this has."

They don't put the furniture on the lawn, because the bank owns the lawn. The constables put it on the curb.. where it becomes a free-for-all for anyone who wants to come by and help themselves.

John does this very often since he sells foreclosed houses.. I could get some pictures.. hmm...

Some of these people were victims of mortgage fraud.. being sold a bad loan without being smart enough to know it.