Hi Everyone,
Here’s the follow up from today’s class.
Nobel Prize winning economist Dr. Paul Krugman gives us some nice data about the Community Reinvestment Act and how CRA is not to blame for the meltdown. All you have to do is google or bing this: community reinvestment act harvard
and the Harvard PDF will come up right at the top of the search engine. Thanks for asking this question! It comes up often.
Here’s a link to the graph showing the Fannie/Freddie/FHA REO inventory estimates.
Here’s the graph showing that 96.5 percent of all loans are being backed by the government. Thanks again to CR who allows me to use his graphs in the classroom.
Here’s the story about FHA seller concessions and how they will likely go down to 3 percent soon.
Here’s a link to Fannie and Freddie’s regulator, the Federal Housing Finance Agency. This is a good website to become familiar with in relation to questions about Fannie and Freddie.
And here’s a link to the website for the movie Inception. Ha! I couldn’t resist.
Have a great weekend everyone!