{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='In the wake of the government take over of mortgage giants Fannie Mae and Freddie Mac, John Taylor, President/CEO of the National Community Reinvestment Coalition says the types of sub-prime loans that led to the mortgage crisis are still legal.' data-url='/boclips/videos/5c54be67d8eafeecae13b594' data-video-url='/boclips/videos/5c54be67d8eafeecae13b594' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nIn the wake of the government take over of mortgage giants Fannie Mae and Freddie Mac, John Taylor, President/CEO of the National Community Reinvestment Coalition says the types of sub-prime loans that led to the mortgage crisis are still legal.\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHEADLINE: The Mortgage Crisis: Still legal?CAPTION: In the wake of the government take over of mortgage giants Fannie Mae and Freddie Mac, John Taylor, President/CEO of the National Community Reinvestment Coalition says the types of...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE: The Mortgage Crisis: Still legal?\u003cbr/\u003eCAPTION: In the wake of the government take over of mortgage giants Fannie Mae and Freddie Mac, John Taylor, President/CEO of the National Community Reinvestment Coalition says the types of sub-prime loans that led to the mortgage crisis are still legal. (Sept. 10)\u003cbr/\u003e [Notes:ANCHOR VOICE]  \u003cbr/\u003e [Notes:Matt on cam]\u003cbr/\u003e  I'm Matt Friedman of the Associated Press. The mortgage crisis and the government take over of mortgage giants Fannie Mae and Freddie Mac is partly due to loans that were made to people who couldn't afford them. \u003cbr/\u003eJohn Taylor of the the National Community Reinvestment Coalition says these types of loans are still legal.\u003cbr/\u003e [Notes:John Taylor/PRESIDENT/CEO NATIONAL COMMUNITY REINVESTMENT PROGRAM]\u003cbr/\u003e16:17:17 THE RESPONSIBILITY ON THE PART OF THE LENDER TO MAKE SURE THAT THEY WERE doing SOMETHING THAT WAS ETHICAL AND RESPONSBILE FROM A FINANCIAL PERSPECTIVE WENT OUT THE WINDOW BECAUSE THEY NO LONGER HAD TO WORRY ABOUT WHETHER YOU PAID THAT LOAN BECAUSE THEY SOLD THAT LOAN. THEY WERE DONE WITH IT. 39 IT WAS ALL STREET'S PROBLEM. 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