User talk:Guypeanuts

http://en.wikipedia.org/wiki/Fannie_Mae

Please see 1.3 The mortgage crisis from late 2007

Following their mission to meet federal Housing and Urban Development (HUD) housing goals, GSEs such as Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLBanks) have striven to improve home ownership of low and middle income families, underserved areas, and generally through special affordable methods such as "the ability to obtain a 30-year fixed-rate mortgage with a low down payment... and the continuous availability of mortgage credit under a wide range of economic conditions." (HUD 2002 Annual Housing Activities Report) Then in 2003–2004, the subprime mortgage crisis began.[31] The market shifted away from regulated GSE's and radically toward Mortgage Backed Securities (MBS) issued by unregulated private-label securitization conduits, typically operated by investment banks.

The link (HUD 2002 Annual Housing Activities Report) .pdf doesn't want to work:

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--Guypeanuts (talk) 08:28, 27 July 2013 (UTC)Gary Fremont g_fremont @ yahoo.com