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: LawReader

New York Times Article Published in 1999 details beginning of housing sub prime problem

By Stan

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         This article was originally published on September 30, 1999  ?In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets — including [...]

Full post as published by LawReader on September 26, 2008 (boomark / email).

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