Prior to 2008, Under What Assumption Were Mortgages Backed by Fan-

question 16

Essay

Prior to 2008, under what assumption were mortgages backed by Fan- nie Mae and Freddie Mac considered to be 'safe' investments? Was this assumptions well founded?

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Definitions:

Personality Characteristics

Traits that depict consistent patterns of thoughts, feelings, and behaviors unique to an individual.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Relationship Failure

Relationship Failure describes unsuccessful romantic relationships that end due to various reasons such as incompatibility, conflict, or loss of interest.

Four Horsemen

A term coined by psychologist John Gottman to describe the four communication behaviors (criticism, contempt, defensiveness, and stonewalling) that predict the end of a relationship.