The united states subprime mortgage crisis was a nationwide financial crisis occurring between 2007 and 2010 that contributed to the us recession of december 2007 . The subprime meltdown includes the economic and market fallout following the housing boom and bust in 2007 to 2009. Subprime mortgage crisis 2007 2010 the expansion of mortgages to high risk borrowers coupled with rising house prices contributed to a period of turmoil in . The true cause of the subprime mortgage crisis was the demand for mortgage based derivatives demand for mortgages led to an asset bubble in housing. We are currently knee deep in a financial crisis that centers on the us housing market where fallout from the frozen subprime mortgage market is
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