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Category Archives: Economics
Is the pending economic stimulus legislation an attempt to nationalize the home mortgage industry?
Bopped asked: Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of … Continue reading
Subprime Mortgage Lending
Alex Tragnitz asked: “Subprime Mortgage Lending and Its Effect on The Economy” In the 1990’s the United States saw a rapid growth of subprime mortgage lending. Lending institutions started to give credit for mortgages to millions of borrowers who may … Continue reading