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OpenStudy (anonymous):

Proof read essay. please. The subprime mortgage crisis was a collapse of the US housing market, which was caused by mass defaults on US house mortgages in the face of a sudden decline in US housing prices. This was due to a "housing bubble" an overpricing of housing because of easy credit and house speculation. This is also related to a crisis in worldwide retirement funds, as many of these were invested in the US housing market. This all happens when irresponsible lenders start lending to irresponsible people; this is sub-prime mortgage, a type of loan granted to individuals with poor credi

OpenStudy (blues):

Hi Itsmoneyyo, Please post questions in the appropriate group. By so doing you will get better service from the site. This question should probably be posted in the Economics or the Social Sciences group, rather than in the OpenStudy Feedback group. Best wishes,

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