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Markets

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Issue:

Miscellaneous

 

Written by:

Mary B

 

Date added:

March 30, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1463

 

Was viewed:

7367 times

 

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Essay content:

This Association lent out loans for the clients looking for home financing. This was the initial infiltration of the reproductive virus, which would one day grow like cancer to bring about the major crisis causing a staggering 2000 point drop in the Market indexes. The next step was to consolidate the first phase through the formation of The Federal Home Loan Mortgage Company (Freddie Mac) by Richard Nixon in 1970...
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Freddie Mac began offering a federal guarantee in lieu of the mortgages given by the local lenders. In order for the newly developing market of home mortgages to flourish Freddie Mac laid the foundation of extending financing to those less stable clients who were more likely to default, since the guarantee from the Freddie Mac would secure that risk...
displayed 300 characters

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