On: Mortgages are a manufactured product (2022)

[scarface_74]

Yes. But how many of those were “conforming loans” that were officially backed by Fannie Mae

[refurb → scarface_74]

After Sept. 1, Freddie will no longer invest in subprime mortgages that have a "high likelihood" of payment shock and foreclosure, the company announced on Tuesday.

https://www.reuters.com/article/idUSN27376399/