Washington, D.C.–(ENEWSPF)–January 27, 2011. By The Mortgage Finance Working Group, sponsored by the Center for American Progress
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In the years prior to the Great Depression, American housing finance was characterized by wild boom-and-bust cycles, regionally disparate prices, and short-term balloon mortgages that severely restricted opportunities for average Americans to own a home. For close to 70 years following the reforms of the 1930s, that…
