![FILE- This July 2, 2008, file photo shows a foreclosed home in Sacramento, Calif. As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. That set the stage for cascading mortgage defaults. (AP Photo/Rich Pedroncelli, File)](https://twt-thumbs.washtimes.com/media/image/2018/09/13/mortgage_lending_then_and_now_14092_s878x564.jpg?3fe4fbc883a4b02e72dcbcbab6c3c237320b0cdc)
FILE- This July 2, 2008, file photo shows a foreclosed home in Sacramento, Calif. As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. That set the stage for cascading mortgage defaults. (AP Photo/Rich Pedroncelli, File)
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Trump Transition: Here are the people Trump has picked for key positions so far
President-elect Donald Trump has announced a flurry of picks for his incoming administration. Get full coverage of the Trump transition from The Washingon Times.
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