Tuesday, September 30, 2008

Party like it's 1999

Just so everyone remembers, exactly nine years ago is when this whole merry-go-around started:

FANNIE MAE EASES CREDIT TO AID MORTGAGE LENDING

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

   - New York Times, Sept. 30, 1999.

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