How Did Freddie Mac and Fannie Mae Contribute to the Mortgage

question 159

Essay

How did Freddie Mac and Fannie Mae contribute to the mortgage crisis?

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Definitions:

MRP

A system known as Material Requirements Planning calculates the necessary components and materials for manufacturing a product.

DRP

Disaster Recovery Plan; a strategy for business continuity that focuses on recovering IT infrastructure and systems after a disaster.

Enterprise Resource Planning

A software system that allows an organization to manage and integrate important parts of its business.

Part-Period Algorithm

A decision rule used in inventory management to determine the optimal time and quantity for reordering inventory.