Submitted by zanthrax on December 6, 2007

• Category: Social Issues
• Words: 1888
• Pages: 8
• Views: 161
• Popularity Rank: 1652

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The Reasons For The Current Home Lending Crisis

Why have house prices risen so rapidly over the last four years? Will the
current housing boom crash? What is the future for the housing market? Why
is it more difficult for the average family to survive than 50 years ago?

Over recent weeks there has been growing awareness of difficulties in the
USA with some home owners are experiencing servicing their mortgages. An
increasing number are defaulting, resulting in mortgage sales, which is
affecting the housing and financial markets. There is now real concern that
this could spread to the wider economy, triggering off a depression.
Recently the US Congress held a special...

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