Material Detail

Subprime Mortgage Crisis

Subprime Mortgage Crisis

A paper that traces the subprime mortgage crisis to a policy decision by the managers of Fannie Mae (Federal National Mortgage Association) in the 1990's.  Fannie Mae insisted that lenders prove that they were not "red-lining" by fulfilling quotas of minority borrowers.  To meet these quotas lenders had to reduce the standards for their lending.  Fannie Mae enabled lenders to issue such subprime mortages by purchasing them or...

Show More


  • Editor Reviews
  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material


Log in to participate in the discussions or sign up if you are not already a MERLOT member.