Register
Why do you think banks expanded their subprime lending so much in the mid 2000s?
147k views
4 votes
Why do you think banks expanded their subprime lending so much in the mid 2000s?

User BWG
by
6.6k points

1 Answer

2 votes
In the early to mid 2000s, interest rates on house payments were actually quite low. This sudden increase in subprime mortgages was due in part to the Federal Reserve’s decision to significantly lower the Federal funds rate to spur growth.
User Patrickn
by
6.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.6m questions

10.1m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
How did world war 1 affect the racial and ethnic makeup of american cities
What was an effect of nationalism in Europe in the early 1900s?
What did the Egyptians call the area that we now call Sudan?
Link Copied!