Low Rates and Limited Liability Mean Hot Markets

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The taxpayer is backstopping more credit risk than ever. The Post reported that nearly 30 percent of the loans Fannie Mae guaranteed were to borrowers whose house payment exceeded half of their monthly income, up from 14 percent in 2016. 

Original Article: “Low Rates and Limited Liability Mean Hot Markets

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

 


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