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Mortgage Default Crisis

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I need help with some factors that led to the mortgage default crisis. How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?

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I need help with some factors that led to the mortgage default crisis.

-- Too many banks started to offer very low interest rate loans to people with average and low credit scores. Once the economy started to decline, those same people had the most trouble making their house payments. Houses started going into foreclosure status at the highest rates ever in history, because now we had hundreds of thousands of people with home loans that couldn't afford the monthly payment on the loans in order to keep their houses. This ultimately led to the mortgage default crisis. ...

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This solution includes a detailed discussion of the factors that led to the mortgage default crisis. How the mortgage defaults affected the banks involved in mortgage lending and mortgage investing is provided. This is an in-depth discussion that includes all main points related to the topic area.

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