The mortgage market risk no one’s talking about, plus a proposal to redesign the system

The mortgage market risk no one’s talking about, plus a proposal to redesign the system

Nearly ten years ago, the collapse of the sub-prime mortgage market sent the U.S. economy into a tailspin. As housing prices dropped and unemployment climbed, vulnerable households found themselves unable to refinance the mortgages they borrowed under better economic circumstances. Struggling to meet ever-increasing monthly payments, more and more homeowners defaulted on their mortgages.

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