There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them.
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The biggest culprits in the housing fiasco came from the private sector, and more specifically fromMark Zandi:
It has become fashionable to rail against government intervention in the economy, and the FHA is aMark Zandi:
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part byMark Zandi:
The average credit score of today's FHA borrowers is higher than the average American household witMark Zandi:
The FHA's success provides strong evidence that government can and should play a role in the nationMark Zandi:
Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. AsMark Zandi:
A home is still the biggest asset that most Americans own.Mark Zandi:
Investor demand for distressed property has been healthy, as rents rise to levels that can cover inMarne Levine:
If someone on Instagram sees that a friend is in a harmful situation, they can report it.Marne Levine:
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