In 2008 many American banks began to fail, the stock market plunged, and the country went into a recession, all following default by record numbers of homeowners on their mortgages. Why did these loans suddenly become so difficult to repay? In this program data analysis is used to determine what made subprime mortgages capable of wreaking havoc on the economy. Also examined: mortgage rates for two applicants who have two different credit scores, and the decline in real estate values relative to the rise in adjustable rate mortgages. Part of the series Algebra Applications. (31 minutes)

Tell a Friend! Your Name: Your Email: Your Friend's Email: Your Message: We respect your privacy and will not use your friend's address without permission. Item#: BVL44711 Copyright date: ©2011 DVD (Chaptered) ISBN 978-1-62102-170-4

Part of the Series : Algebra Applications

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