When asked by the FrontPoint employees why he was delinquent on his mortgage, the man responded that he has been paying his rent on time and did not know that his landlord was not paying the mortgage on the house. While many of the houses are empty, often filled with stacks of past-due bills, one resident opens the door with his young child. YouTube Linkįor instance, to investigate the magnitude of the housing bubble, the employees of FrontPoint Partners, a hedge fund from New York City, fly down to southern Florida, where they attempt to interview individuals who have been delinquent on paying their mortgages. The scene where FrontPoint Partners attempt to survey tenants in South Florida who are delinquent on their mortgages.
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