Answer Posted / tulja
The US subprime mortgage crisis was one of the first
indicators of the 2007–2010 financial crisis, characterized
by a rise in subprime(relating to or for people with a poor
credit rating) mortgage delinquencies and foreclosures, and
the resulting decline of securities backing said mortgages.
Its kinda broad topic, which could be understood more
clearly at
http://www.thinkplaninvest.com/2008/12/what-is-subprime-crisis/
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Is California Chapter 7 (straight Bankruptcy) Bankruptcy Right For Me?
Tell us something about adb? Who are its members?
If you take home loan for 10 lacs and what is the margin?
What is our current stock price?
What is dcf?
What are the qualities of a good banker?
What are the various clauses of term loan agreement?
Explain debt equity ratio.
What is liquid ratio?
What is fixed assets/ capital employed ratio? What does it indicate?
What is bandhan bank?
What is the old name of syndicate bank?
What Are Accrued Revenues And When Are They Recorded?
How can a bill collector contact debtors?
What is SHG?