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The progressive era is the experience of rapid growth in American society between 1890 to 1920. However, it was not so progressive for the African Americans, who were facing racial segregation in different parts. The social reformers within the African American society took the national stage to project the issues faced by black people and the debate revolved around how to solve those problems. Booker T. Washington, W.E.B Du Bois, Ida B. Wells were the leading names of reformers from the progressive era.
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<em>The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced that the two mortgage giants will now buy home loans that go into the government's forbearance program just after they close. Fannie and Freddie had not been doing that, and as a result, lending had tightened up dramatically. Fannie Mae and Freddie Mac created a liquid secondary market for mortgages. This meant that financial institutions no longer had to hold onto the mortgages they originated. They could sell mortgages on the secondary market shortly after origination. Selling mortgages freed up funds for creating additional mortgages.</em>
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