Policy History, Theory, and Methods | Public Affairs, Public Policy and Public Administration
During the subprime mortgage crisis of the early 2000’s, predatory mortgage lending practices were the leading cause for the housing bubble burst. A surge in unequivocal risk in the favor of mortgage lenders stripped the consumer of their financial abilities as a result of de-regulated lending packages and the packaging of such loans in the secondary market. As the crisis unfolded, policymakers and financial regulators implemented measures to address the issues and prevent a similar catastrophe from occurring in the future. Bank bailouts and other forms of reparations were dispersed over the span of nearly five years to recover from the global incident.
"The Subprime Remediation: Efforts in Reducing the Effects of Predatory Lending during the Great Recession,"
OUR Journal: ODU Undergraduate Research Journal: Vol. 10, Article 12.
Available at: https://digitalcommons.odu.edu/ourj/vol10/iss1/12