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  2. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    A mortgage brokerage in the US advertising subprime mortgages in July 2008. The Financial Crisis Inquiry Commission reported in January 2011 that many mortgage lenders took eager borrowers' qualifications on faith, often with a "willful disregard" for a borrower's ability to pay. Nearly 25% of all mortgages made in the first half of 2005 were ...

  3. Mortgage companies could intensify the next recession, US ...

    www.aol.com/mortgage-companies-could-intensify...

    As of 2022, nonbank mortgage companies originated about two-thirds of US mortgages and owned the servicing rights on 54% of mortgage balances, according to FSOC. That’s up significantly from 2008.

  4. Mortgage lenders are bleeding money. Here’s why - AOL

    www.aol.com/finance/mortgage-lenders-bleeding...

    While the average 30-year fixed mortgage rate—which hit 7.06% today—has come off last week's 22-year high of 7.49%, housing affordability still remains pressurized.And that spells bad news for ...

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

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

    Fannie Mae's Reston, Virginia, facility. The GSE business model has outperformed any other real estate business throughout its existence. According to the Annual Report to Congress, [13] filed by the Federal Housing Finance Agency, over a span of 37 years, from 1971 through 2007, Fannie Mae's average annual loss rate on its mortgage book was about four basis points.

  6. 2007–2008 financial crisis - Wikipedia

    en.wikipedia.org/wiki/2007–2008_financial_crisis

    This strategy resulted in rapid growth and a high concentration of risky assets. From its inception as a savings association in 2000, IndyMac grew to the seventh largest savings and loan and ninth largest originator of mortgage loans in the United States. During 2006, IndyMac originated over $90 billion (~$131 billion in 2023) of mortgages.

  7. US mortgage lenders are starting to go bankrupt — how this ...

    www.aol.com/news/us-mortgage-lenders-starting...

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