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Sun 94 Posted 16 years ago
Essay & Composition Writing
Subprime mortage
If you see any mistakes in the following sentence, please correct me.
The subprime mortage crisis occurred in 2007 because subprime loans were offered to people whose credit rating was bad. Those people who borrowed money from a bank to purchase homes could not afforf the mortage payments when interest rates got higher. Accordingly, the level of forclosures increased and it triggered global crisis.
The subprime mortage crisis occurred in 2007 because subprime loans were offered to people whose credit rating was bad. Those people who borrowed money from a bank to purchase homes could not afforf the mortage payments when interest rates got higher. Accordingly, the level of forclosures increased and it triggered global crisis.
Top answer
The subprime mortage crisis occurred in 2007 because subprime loans were offered to people whose credit rating was bad. Those people who borrowed money from a bank to purchase homes could not afforf the mortage payments when interest rates got higher. Accordingly, the level of forclosures increased and it triggered global crisis.
- The subprime mortage crisis occurred in 2007 because subprime loans were offered to people whose credit rating was bad.
- Those people who borrowed money from a bank to purchase homes could not afforf the mortage payments when interest rates got higher.
- Accordingly, the level of forclosures increased and it triggered global crisis.
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3 Answers
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The subprime mortage crisis occurred in 2007 because subprime loans were offered to people whose credit rating was bad. Those people who borrowed money from a bank to purchase homes could not afforf the mortage payments when interest rates got higher. Accordingly, the level of forclosures increased and it triggered global crisis.
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The subprime mortage crisis occurred in 2007 because subprime loans were offered to people whose credit rating was bad. Those people who borrowed money from the bank to purchase homes could not afford the mortage payments when interest rates increased . As a result, the level of forclosures increased and it triggered global crisis(?? I am not sure )
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The subprime mortage crisis occurred in 2007 because subprime loans were offered to people whose credit rating was bad. Those people who borrowed money from the bank to purchase homes could not afford the mortage payments when interest rates increased . As a result, the level of forclosures increased and it triggered global crisis (?? I am not sure-- 'It' has no clear referent.
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