EASY MORTGAGES FROM FANNIE MAE AND FREDDIE MAC

What's wrong with getting a mortgage guaranteed by Fannie Mae or Freddie Mac? Nothing if you are really able to make the mortgage payments over the full term. Was it too easy to get a mortgage because of the backing available from these government supported agencies? Was this part of the sub-prime mortgage crisis? Yes, I think it was as too many people got mortgages that they were not really qualified to get. Ultimately this led to foreclosures and the value of the sub-prime mortgages became of questionable value further fueling the financial crisis. We are still suffering from this problem with homes still going into foreclosures. Fannie and Freddie are now holding about a trillion dollars in these questionable mortgages and Congress is still not dealing with this problem. How did this happen? I believe it was mainly due to erroneous liberal thinking which is that all poor people should have the right to own their own home. Good, they should have this right if they are really financially qualified to handle their mortgage and able to make the payments consistently. Another part of this problem was caused by crooked mortgage brokers who signed up people based on false or incomplete information, knowing that the person applying was not really qualified. The government still has not taken action to correct this situation to the extent that is needed.