Which President Caused The Housing Collapse? The Biggest Culprit: The Lenders Most of the blame is on the mortgage originators or the lenders. That’s because they were responsible for creating these problems. After all, the lenders were the ones who advanced loans to people with poor credit and a high risk of default. 7 Here’s
What Caused The Housing Crisis Of 2008? The stock market and housing crash of 2008 had its origins in the unprecedented growth of the subprime mortgage market beginning in 1999. U.S. government-sponsored mortgage lenders Fannie Mae and Freddie Mac made home loans accessible to borrowers who had low credit scores and a higher risk of
What Was The Stock Market In 2011? Dow Jones Industrial Average – Historical Annual Data Year Average Closing Price Annual % Change 201111,957.57 5.53% 2010 10,668.58 11.02% 2009 8,885.65 18.82% What happened to the stock market in 2011? By market close, the Dow Jones Industrial Average lost 634.76 points (-5.55%) to close at 10,809.85, making
What Is Causing Housing Crisis? Housing shortages occur because supply and demand for any particular location changes. The market always reacts by trying to reach equilibrium, but in the case of housing, a balanced market doesn’t happen overnight. If there’s a glut, it takes time to sell the excess properties. What is causing the US