Subprime Mortgage Crisis

The U.S. subprime mortgage crisis was a nationwide banking emergency that coincided while using U. S. economic depression of December 2007 – June 2009. It was triggered with a large decline with home prices, leading to mortgage delinquencies and foreclosures along with the devaluation of housing related stock options. Declines in home investment preceded the recession and were then reductions in household spending after which it business investment. Spending reductions had been more significant with areas with a combination of high household debt and larger homes price declines.