GEO 312 Study Guide - Midterm Guide: Capitalism, Social Change, Freddie Mac
12 Dec 2012
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Complete pool of terms: conflict perceptive, views society as a struggle for resources and power, different groups compete for scarce resources: money, power, prestige, authority. Federal government brought in a whole series of prices of legislation and established. Federal housing administration and agencies fannie mae and freddie mac. 6) ninja mortgages: =no income, no job, no assets, zero down payment mortgages, no principal payments, adjustable rate mortgages. This all generated a bubble in which people could not afford to stay out of the market: speculative bubble: A spike in asset values within a particular industry, commodity, or asset class. A speculative bubble is usually caused by an exaggerated expectations of future growth, price appreciation, or other events that could cause an increase in asset values: adjustable rate mortgages: Is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.
