“The Financial Crisis: A Timeline of Events and Policy Actions”
“February 2007
February 27, 2007 | Freddie Mac Press Release
The Federal Home Loan Mortgage Corporation (Freddie Mac) announces that it will no longer buy the most risky subprime mortgages and mortgage-related securities.
April 2007
April 2, 2007 | SEC Filing
New Century Financial Corporation, a leading subprime mortgage lender, files for Chapter 11 bankruptcy protection.” See the Fed’s timeline here.
“The Financial Crisis: A Timeline of Events and Policy Actions”
The Federal Reserve Bank of St. Louis.
Image by Francesco Marino / FreeDigitalPhotos.net.
