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

A little more than a decade 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. After the crisis, Congress and financial regulators increased regulation of?the…                ...(read more)

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