By Dave Marino-Nachison June 2, 2004 | Comments (0)
Recs
Read/Post Comments (0) | Recommend This Article (0) Recommended 0 Times
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.
Your Fool username will be displayed with your comment. Please be respectful with your comments. Review our Fool's Rules.
Javascript is required to comment on Fool articles.
DocumentId: 508151, ~/Articles/ArticleHandler.aspx, 11/11/2009 3:41:01 AM
Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.
By The Motley Fool
Subprime mortgage debacle: The subprime mortgage debacle refers to the credit crisis of 2008. In an effort to encourage making loans available to a broad spectrum of applicants including those with less that prime credit histories, the Federal government encouraged subprime loans, which resulted in non-performing mortgages when housing values stopped climbing and began to decline.
Want to learn more or edit this definition? Click here to read more!
Terms & Conditions
RSS Headlines
Fool UK