Turmoil in the Mortgage Market Turmoil in the Mortgage Market

April 4, 2008

Until 2007, few Americans had probably heard the word "subprime" − including many homeowners who would come to learn that their own mortgage was a subprime mortgage. Today, subprime mortgages are much discussed because they lie at the center of the turmoil that roiled credit markets in 2007 and 2008.

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