In this article, the authors report findings on changes in Fannie Mae and Freddie Mac’s mortgage loan quality by analyzing over 15 million loans from 2001-2015.
Authors trace the history of Fannie Mae and Freddie Mac, their importance to the U.S. housing market, and the implications of their recent government takeover.
It appears that more than just the American economy is bordering on breakdown. It is far more significant that America its culture and spirit is in total crisis and bordering on collapse.
After years of easy credit, borrowers suddenly faced a new world. What happened? This article examines events up to this point and where one goes from here.