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Here is a link to a really good, simple explanation of what is and has happening in the mortgage market today. Each time I’d hear about Freddie or Fannie and the mortgage meltdown, my head would start to hurt because I didn’t really understand the basics of the problem. Finally, below is a site that should be named “Mortgage Meltdown 101.” This slide show breaks it down to the lowest common denominator — me — using stick figures and common language. There are a few four letter words, but nothing too drastic. I encourage those who were as confused as me to take a look it takes less than 5 minutes to really understand what happened. Pass it along. I hope this helps in your understanding.
Stay tuned and subscribe to the blog for another presentation that explains the bail out plan, when they pass one!
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