I didn't think Housing Wire was a horror website. Until today.

You wouldn't normally think of Housing Wire magazine as a horror periodical, but given the multi-decade rape of Fannie Mae by connected Democrats, you'd be wrong.

Two recent articles highlight the trouble we're in.

1. One In Five Distressed Homeowners At Risk of Losing Home:

Laurie Goodman, senior managing director at Amherst Securities, believes one in five distressed homeowners in the U.S. are facing, or may face, foreclosure... The analyst adds that little may be done to stem the tide of foreclosures without greater government intervention or significant principal reduction. Currently, she said 11.5 million home loans are non-performing or highly distressed.

...Goodman spoke at Thursday's State of Housing webinar today, hosted by HousingWire. Several charts produced during the event paint a picture of a highly distressed housing market.

2. Mortgage delinquencies are in 'serious trouble,' says LPS analyst:

Kyle Lundstedt, managing director of the applied analytics division at Lender Processing Services, said the housing market remains in "serious trouble" as current mortgage delinquencies are above 7 million distressed homeowners... Perhaps most alarming to Lundstedt is the rise in prime mortgage delinquencies. "The prime markets are the place we've seen the most increase in foreclosure," he said

..."It's shocking the 13% of mortgage in Florida are in foreclosure," he said. "Not delinquent, not in default, but in foreclosure."

Anyone have Franklin Raines' number? Or Jamie Gorelick's?

I've got a few choice words for them, which I can't repeat in polite company.