I have been in the mortgage business for 16 years....we in the industry know the real causes and effects...
People also forget that the “tech bubble” brought many investors into the real estate market for speculation in an effort to continue reaping windfall returns...
You might also note the amount of homes that were being sold to “illegal immigrants” that never seems to be talked about through the use of TIN numbers instead of SS numbers.
I can go on and on...
Fannie Mae has an electronic approval system we used called FANNIE MAE DU (desktop underwriting)
You would not believe the type of loans this system was approving electronically, where previously we had to review every loan details manually....