Too many risky mortgage loans ended up being made in the period before the financial crisis. 1.
Question:
1. Explain how lenders can underestimate the risk of mortgage loans.
2. Explain how the Community Reinvestment Act led to too many risky mortgage loans being made.
3. Explain how Fannie Mae and Freddie Mac increased the number of risky mortgage loans.
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1 When housing prices rise loan delinquencies and foreclosure rates are likely to fall and when hous...View the full answer
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