Many risky loans originated with intent to sell to Fannie or Freddie
Loan originators believed that Fannie Mae or Freddy Mac would buy loans despite their being risky by traditional standards
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
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US policies to encourage home ownership promoted risky lending »US policies to encourage home ownership promoted risky lending
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Many risky loans originated with intent to sell to Fannie or Freddie
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The number of risky loans is wildly overestimated »The number of risky loans is wildly overestimated
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