What Are Subprime Mortgages And How Were They A Part Of The Financial Crisis Of 2007 2009?
What Are Subprime Mortgages And How Were They A Part Of The Financial Crisis Of 2007 2009? The subprime meltdown was the sharp increase in high-risk mortgages that went into default beginning in 2007, contributing to the most severe recession in decades. The housing boom of the mid-2000s—combined with low-interest rates at the time—prompted many