how Crises initiates change triggers
Change Management- Events that triggered massive change Fannie Mae and Freddie Mac story-Mortgage and Finance industry - The USA A notable example for causing Changes in the way reporting and compliance are done is that of Fannie Mae, Freddie Mac in the USA. The Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) are the government-sponsored enterprises (GSEs) devoted to housing and hold dominant positions in the U.S. mortgage market. They hold over 50% collective ownership or guarantee of all outstanding mortgages in the United States, including a huge share of subprime mortgages. The subprime crisis was man-made chaotic situation created in 2008 that affected the entire mortgage industry in the USA, when home mortgage loans were approved once again by greedy financial compa...
Comments
Post a Comment