“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.