Indeed, the FHA was born out of the Great Depression, which...

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 Quote About Maturity, Years, Three: Indeed The Fha Was Born...

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