Mortgage is something that homeowners pay on a house. They pay down payment to a mortgage broker and that goes to a mortgage lender and the lender determines wat their mortgage is. And the lender sells or invests the mortgage money to an investment banker. They get alot of people and they make money from cutting the money and selling them to over people. Sometimes they get homeowners that default so in the end they get the down payment and the house, so they do it over again. giving houses to homeowners that'll default. The homeowners were getting home loans and weren't able to pay them back. Some even lied about what they made to get a house, it would default and the mortgage lenders would take their homes and... on to the next one, easy money, easy crisis start up.
http://www.crisisofcredit.com/
http://www.stock-market-investors.com/stock-investment-risk/the-subprime-mortgage-crisis-explained.html
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