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The Subprime Mortgage Market Collapse: A Primer on the Causes and Possible Solutions
Publication Date: April 2008
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Ronald D. Utt
Series: Backgrounder
Topic: Banking and finance (Credit and loans)
Social conditions (Housing)
Keywords: Economy; Fannie Mae; freddie mac; home mortgage
Type: Report
Coverage: United States
Abstract:
The collapse of the subprime mortgage market has created depression-like conditions in the housing market and driven the economy to the brink of recession, but many of those who call for more federal regulation fail to recognize that earlier and more comprehensive regulatory efforts did little to deter housing market problems and in some cases may have made them worse.