Gary Eckstein Sydney 1 Australia, fannie mae, freddie mac, home loan, house prices, housing, housing market, mortgages, real estate institute, reiv
What caused the recent ‘financial meltdown’? In simple terms it was people being given financial assistance with taking on assets which they couldn’t actually afford. Remember Freddie Mac and Fannie Mae? Well these two home loan giants are government derived organizations which were instrumental in assisting people to get mortgages for houses which they couldn’t [...]
Gary Eckstein Management 0 AIG, Australia, bear stearns, business, economy, fannie mae, finance, freddie mac, free market economy, general motors, global economic crisis, government, Holden, large corporations, loan defaults, money, Northern Rock, rbs, small business, small business owners, sme
The global economic crisis has resulted in the collapse of numerous large companies. The most prominent of these have been those in the Finance sector (e.g. banks). The banks in particular have become far more risk averse so to minimize adverse risk of loan defaults. Of course this lowering of risk tolerance has had a [...]
