Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

Mark Zandi

Mark Zandi

Also Born Bullet Caused Crisis Depression Did Due Early Five-Year Full Great Great Depression Indeed Loans Maturity Mortgages Mostly Out Part Significant Three Were Which

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