Question
Chapter 11: Mortgage Loans Chapter 11's primary focus is the financial aspects of the real estate transaction. And, as we are painfully aware, the mortgage
Chapter 11: Mortgage Loans
Chapter 11's primary focus is the financial aspects of the real estate transaction. And, as we are painfully aware, the mortgage industry and its related lending practices led to an exceptionally serious and damaging economic crisis (2008-2009) in the banking industry and subsequently in the housing industry that had a huge ripple effect throughout the US Economy.
This chapter highlights the fact that the vast majority of mortgage loans are 30 year, fixed rate loans. Discuss the pros and cons of a 30 year, fixed rate loan. In addition, should Congress and state legislatures more closely monitor and regulate the mortgage industry in light of the mortgage collapse? Has the mortgage industry recovered enough to not require further government oversight?
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