The Rise of the Subprime Mortgage Market

Mortgage backsecurities became a really kind of hot a commodity for finance. The riskier borrowers where the most most profits could be made these are so-called subprime mortgages. A lot of the funding for this also came from Europe and Wall Street was the major player. By 2007 by 2007 people started to fall on their loans that they you know had taken out.