Subprime loans were the only loans that survived the downturn of the housing market in 2007.

Name: Subprime loans were the only loans that survived the downturn of the housing market in 2007.
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Question

Subprime loans were the only loans that survived the downturn of the housing market in 2007.​

Quizplus · Accepted Answer

Subprime loans were actually the loans that caused the downturn of the housing market in 2007. Many subprime borrowers defaulted on their mortgages, leading to a wave of foreclosures and ultimately a collapse in the housing market.

Subprime Loans Were the Only Loans That Survived the Downturn