The Sub-Prime Mortgage Crisis Of 2008

ByGuillermo Velasquez

The Recession/Mortgage Crisis

● Unemployment● Bankruptcy ● Foreclosures● Harder to get mortgages and loans

The Causes● Delinquency● Double Mortgages● Lending to high risk people (Shady Deals)● Standard for qualifying for a loan dropped● Spending/borrowing more and saving less

American Economy Affected

● Homes were sold for less then what they were worth(Perfect opportunity for new homeowners)

● Value of the American dollar decreased● Famous banks and businesses shutdown● Stock prices plummeted

Aid and Financial Assistance

● Government Bailouts● Economic Stimulus Package● Homeowners Assistance and Affordability Plan

America's Comeback● Stocks have recuperated and are now going

up passing previous records● Prices for homes are also starting to

recuperate and selling after being on the mark 2-5 days.

● People are keeping their homes and unemployment is slowly going down

Conclusion● Better to plan ahead save up a little more to

lower interest rate on loans and mortgages● Do your homework and a make sure your

getting you moneys worth and your not setting up yourself in becoming conned

● Better if we learn from our mistake then let history repeat its self again