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"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
mark zandi Quotes 1930s,Great Depression,Mortgage

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M
Mark Zandi
1930s
Great Depression
Mortgage
Bullets
Dodging Bullets
Five Years
Five
Foreclosure
Loan
Maturity

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