Word: mortgagee
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Even with all this aid, though, U.S. homeowners haven't been doing so well. The value of their real estate holdings has fallen by $4 trillion since 2006, according to the Federal Reserve. Millions of people have been booted from their dwellings over the past couple of years because they...
How do we subsidize homeownership? Let me count the ways. First, more than 80% of the mortgage loans made in the U.S. so far this year have been bought by the government-sponsored entities (GSEs) Fannie Mae, Freddie Mac and Ginnie Mae. That keeps the interest rates on those GSE...
Indeed, Moore is the General Motors--the old, powerful version--of the doc community. Other people make nonfiction political films, and good ones. Leslie and Andrew Cockburn's American Casino is a scrupulous study of the home-mortgage crisis; it shifts between Wall Street critics and the working-class folks...
“Creating the Modern Financial System,” a course taught by Professor David A. Moss, debuted in the Spring of 2008 just as the sub-prime mortgage crisis was evolving into a larger economic meltdown.
Jon P. Swan, who took the class before graduating from HBS last year, says he feels like he has benefitted from the course. One of his favorite cases was about a couple with a sub-prime mortgage losing their home.