Home buyers who really couldn't afford to buy are losing their homes. Sounds about right.

Banks who lend money to underqualified homebuyers are paying the price after those people default on their loans. Seriously... they didn't see this coming?Democratic leaders pushed for decades to lift restrictions on lending practices and expand Fannie/ ( Read more... )

There's a lot of finger-pointing and what-if scenarios floating around about how and why today's financial problems came about, but everyone agrees that it started with Fannie Mae and Freddie Mac imploding.

[Kudos to mauser for the link to this article ( Read more... )