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A company's effectiveness regarding its collection efforts can be measured by using the
Economic Crisis
A period of financial instability which may involve a recession, high unemployment, and a steep decline in market value of assets.
Housing Boom
A period characterized by significantly increased real estate activity and rising housing prices, typically driven by economic factors and low interest rates.
Housing Bust
A rapid decline in the market prices of residential properties, often following a period of unsustainable growth or speculation, leading to widespread financial and economic distress.
Fannie Mae
A government-sponsored enterprise (GSE) established to expand the secondary mortgage market by making mortgages more accessible to low- and middle-income borrowers.
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