Ah, took me a while to find the right Google term: "nonrecourse loan". I'm not sure anymore how big a cause for the crisis they were - there are articles argui

Ah, took me a while to find the right Google term: "nonrecourse loan". I'm not sure anymore how big a cause for the crisis they were - there are articles arguing both directions. https://ftalphaville.ft.com/2017/03/03/2185420/fed-vs-fed-on-strategic-mortgage-default-during-the-financial-crisis/ https://ftalphaville.ft.com/2017/03/03/2185420/fed-vs-fed-on... http://webcache.googleusercontent.com/search?q=cache:Hsi8ZX88zzwJ:realestateresearch.frbatlanta.org/rer/2010/02/did-nonrecourse-mortgages-cause-the-mortgage-crisis.html+&cd=1&hl=en&ct=clnk&gl=uk http://webcache.googleusercontent.com/search?q=cache:Hsi8ZX8... Chapter Economic Incentives in the Housing and Mortgage Origination Markets in https://www.brookings.edu/wp-content/uploads/2016/06/11_origins_crisis_baily_litan.pdf https://www.brookings.edu/wp-content/uploads/2016/06/11_orig...