Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
Thursday, February 25, 2010
September 1999 the catalyst to the current mortgage crisis
Labels:
1999,
clinton,
easing credit requirements,
Fannie Mae,
mortgage
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