Asked by
maria cardenas
on Nov 11, 2024Verified
The emergence of the subprime mortgage market following the recession of 2001 set off a boom in the housing industry.
Subprime Mortgage Market
The market for loans to borrowers with lower credit ratings, implying higher risk for lenders and typically resulting in higher interest rates.
Recession of 2001
A brief economic downturn in the United States that began in March 2001 and ended in November 2001, marked by the bursting of the dot-com bubble.
- Understand the impact of financial instruments and regulatory changes on banking and the economy.
Verified Answer
QJ
Learning Objectives
- Understand the impact of financial instruments and regulatory changes on banking and the economy.
Related questions
The Dodd-Frank Wall Street Reform and Consumer Protection Act Gives ...
Interest Rate Ceilings Resulted in Great Profitability for Banks in ...
Statement I: the Regulatory Pendulum in the Savings and Loan ...
Statement I: Financial Intermediaries Repackage the Flow of Deposits,insurance Premiums,and ...
Statement I: Branch Banking Is Prohibited in Most States ...