Hi Everyone,
Here’s the folow up from today’s class.
Here’s the graph showing 96.5 percent of all loans now backed by the federal government.
Here’s the New York Times interactive map showing the subprime loans made during the real estate bubble run-up.
Here’s a way to see the FHA default rate of your favorite lender.
Here’s that story about a Windermere office in Northern Cali that created an entire REO division.
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. I’m having trouble linking directly to the Harvard study but 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 a fun class today!