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United States subprime mortgage crisis

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Here's What Caused the Great Recession | History

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Subprime loans explained

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Inside the US subprime crisis 01 April 2008

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U.S. Financial Crisis Began with Subprime Mortgages

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What Caused the Subprime Mortgage Crisis

The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities. Declines in residential investment preceded the recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines.