Authors: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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.

Mark Zandi

Biography

Author Profession: Economist
Nationality: American

Links

Find on Amazon: Mark Zandi
Cite this Page: Citation