US History – 1865 to Present
The subprime mortgage crisis refers to a financial crisis that occurred in the late 2000s, primarily resulting from the collapse of the housing market due to an excessive number of high-risk mortgage loans granted to borrowers with poor credit histories. This crisis was characterized by rising mortgage delinquencies and foreclosures, which ultimately triggered a global economic downturn, significantly impacting financial institutions and economies around the world.
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