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

#born #bullet #caused #crisis #depression

Quote by Mark Zandi

Read through all quotes from Mark Zandi

About Mark Zandi

Nationatlity: American
Profession: Economist

Famous Authors

Abraham Lincoln
Albert Einstein
Audrey Hepburn
Benjamin Franklin
Bob Marley
Bruce Lee
Buddha
Coco Chanel
Confucius
C. S. Lewis

Did you know about Mark Zandi?

D. S. His surname of "Zandi" comes from the Zand dynasty (formally known as the Zandieh dynasty) which ruled southern and south-central Iran (1750–1794) in the eighteenth century.

Prior to founding Economy. He attended Upper Merion High School where he earned his diploma.

Choose language

Spoofbox Login

Create a FREE Spoofbox Account

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.

Quote by Mark Zandi

About Mark Zandi

Related Authors

Famous Authors

Did you know about Mark Zandi?