Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by … - Mark Zandi

Same topic Authors

Quote of the day

We are not very pleased when we are forced to accept a mathematical truth by virtue of a complicated chain of formal conclusions and computations, which we traverse blindly, link by link, feeling our way by touch. We want first an overview of the aim and of the road; we want to understand the idea of the proof, the deeper context.

Mark Zandi

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

Crisis, Due, Maturity, Mortgages, Three, Years

Same Author Quotes

A home is still the biggest asset that most Americans own.

Asset, Assets, Biggest, Home, Stills

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

Differences, Large, Think, Thinking, Time, Times Of Crisis

Too-easy credit and millions of bad loans made during the U. S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.

Creating, Credit, Millions, Paved, Today

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

Economy, Gets, Suffering, Trump, Want

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

Decline, Fall, Home, House, Knives, Sense