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What is subprime crises?

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Answer:

The Subprime Crisis is an economic problem that happened in the United States. It cannot be explained in a paragraph or so. In short, it happened due to uncontrolled lending in the US Financial Markets.

Some of the reasons for this crisis are:
1. The US Real estate market crash
2. High default rates on Subprime loans &
3. Subprime Mortgage backed securities

First answer by Anandvijayakumar. Last edit by Anandvijayakumar. Contributor trust: 783 [recommend contributor ]. Question popularity: 0 [recommend question].

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Subprime Mortgage Crisis

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