Mortgage Finance (The 1980s): ARMs, Deregulation, Monetary Policy Shift, Economic Reform, and Scandal

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*This post is a part of a series of posts I have written. To start from the beginning, click [shorturl.at/hsF48].

Introduced in the late 1970s and early 1980s, adjustable-rate mortgages (ARMs) became popular among both lenders and borrowers. At one time (according to HSH Associates) the largest…