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2. Federal takeover of Fannie Mae and Freddie Mac - Wikipedia

   en.wikipedia.org/wiki/Federal_takeover_of_Fannie...

   In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac.In 1992, in the wake of the savings and loan crisis, and over concern that similar lending problems would develop, the Office of Federal Housing Enterprise Oversight was created as part of the Department of Housing and Urban ...

3. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   The mortgage market is estimated at $12 trillion [31] with approximately 6.41% of loans delinquent and 2.75% of loans in foreclosure as of August 2008. [32] The estimated value of subprime adjustable-rate mortgages (ARM) resetting at higher interest rates is U.S. $400 billion for 2007 and $500 billion for 2008.

4. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   These disruptions have led to a precipitous decline in sub-prime lending, a significant reduction in the availability of Alt-A loans, and higher interest rates on jumbo loans (see Chart 3). The tightening in mortgage credit has placed further downward pressure on home sales and home prices, a situation that now could derail the U.S. economic ...

5. Foreclosures Are Rising: Here’s What Experts Say It ... - AOL

   www.aol.com/foreclosures-rising-experts-means...

   Have you been looking around the housing market and thinking "There goes the neighborhood"? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around ...

6. April Foreclosures: Fewer Starts, Faster Finishes — New ...

   www.aol.com/april-foreclosures-fewer-starts...

   Nationwide foreclosure activity experienced a slight decline in April, with foreclosure starts declining 7% compared to the previous month, according to a new report. But completed foreclosures ...

7. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   He concluded that the extent of equity in the home was the key factor in foreclosure, rather than the type of loan, credit worthiness of the borrower, or ability to pay. [77] Number of U.S. residential properties subject to foreclosure actions by quarter (2007–2012) Increasing foreclosure rates increases the inventory of houses offered for sale.