Concept information
Preferred term
subprime mortgage crisis
Definition
- The U.S. subprime crisis of the late 2000s was the result of a shift from a predominantly risk-limited mortgage marketplace to a risk-loving one, a shift that took place, with some fits and starts, over twenty-five years. This change in market structure and regulation led to an increasingly fragile housing finance system. [Source: The Encyclopedia of Housing; Subprime Mortgage Crisis]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/subprime_mortgage_crisis
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