INFOGRAPHIC: Who's looking out for homebuyers?

Article Highlights

  • US residential mortgage debt totals $11 trillion.

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  • The mortgage industry is the largest debt market after US treasuries.

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  • Since 2007, about 8 million American households have lost their homes & 10 million no longer have any equity.

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Bad habits are hard to break. As America climbs out of recession fueled by the 2007 housing market collapse, government-sponsored agencies are up to their old tricks, lending out billions of dollars for risky home mortgage loans.

 

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About the Author

 

Edward J.
Pinto

 

Stephen D.
Oliner

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