http://www.debt-loans.biz/blog/renting-real-estate/how-did-subprime-loans-lead-to-the-current-recession/ Call 888-653-9681 To Get Debt Help Now! Tue, 07 Feb 2012 17:14:56 +0000 http://wordpress.org/?v=2.6.5 http://www.debt-loans.biz/blog/renting-real-estate/how-did-subprime-loans-lead-to-the-current-recession/#comment-17236 aka_brian_1040 Fri, 27 Nov 2009 15:53:34 +0000 http://www.debt-loans.biz/blog/renting-real-estate/how-did-subprime-loans-lead-to-the-current-recession/#comment-17236 Sub-prime loans were created because Congress wanted more Americans to become homeowners. To do this they forced the large lenders to relax lending standards and create lending programs so that more people could qualify for mortgages. When the borrowers couldn't pay the mortgage, the foreclosure numbers started to rise. Then Congress said, "you nasty greedy lenders, you took advantage of these people". Congress created the sub-prime housing bubble, and when it burst, we all felt the shock wave. Sub-prime loans were created because Congress wanted more Americans to become homeowners. To do this they forced the large lenders to relax lending standards and create lending programs so that more people could qualify for mortgages. When the borrowers couldn’t pay the mortgage, the foreclosure numbers started to rise. Then Congress said, “you nasty greedy lenders, you took advantage of these people”. Congress created the sub-prime housing bubble, and when it burst, we all felt the shock wave.

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