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The Sub-Prime Mortgage Crisis Of 2008

The Sub-Prime Mortgage Crisis Of 2008. By Guillermo Velasquez. The Recession/Mortgage Crisis. Unemployment Bankruptcy Foreclosures Harder to get mortgages and loans. The Causes. Delinquency Double Mortgages Lending to high risk people (Shady Deals)

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The Sub-Prime Mortgage Crisis Of 2008

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  1. The Sub-Prime Mortgage Crisis Of 2008 By Guillermo Velasquez

  2. The Recession/Mortgage Crisis Unemployment Bankruptcy Foreclosures Harder to get mortgages and loans

  3. The Causes Delinquency Double Mortgages Lending to high risk people (Shady Deals) Standard for qualifying for a loan dropped Spending/borrowing more and saving less

  4. American Economy Affected Homes were sold for less then what they were worth(Perfect opportunity for new homeowners) Value of the American dollar decreased Famous banks and businesses shutdown Stock prices plummeted

  5. Aid and Financial Assistance Government Bailouts Economic Stimulus Package Homeowners Assistance and Affordability Plan

  6. America's Comeback Stocks have recuperated and are now going up passing previous records Prices for homes are also starting to recuperate and selling after being on the mark 2-5 days. People are keeping their homes and unemployment is slowly going down

  7. Conclusion Better to plan ahead save up a little more to lower interest rate on loans and mortgages Do your homework and a make sure your getting you moneys worth and your not setting up yourself in becoming conned Better if we learn from our mistake then let history repeat its self again

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