1999 New York Times Article Foretells Subprime Mess

Excerpt: “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.”

Click here to see the article.

Home ownership is important, but it’s not “affordable housing” anymore when the bank forecloses on your home.

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