One of the contributing factors to the financial crisis of 2007-2009 was that mortgage lending practices were ____________ strict in the late 1990s and early 2000s,compared to earlier periods such as the 1970s and 1980s,which led to a(n)_______________ in subprime and other nontraditional mortgage loans.

Question

Quizplus · Accepted Answer

Mortgage lending practices were less strict, leading to an increase in subprime and nontraditional mortgage loans, contributing to the financial crisis.

One of the Contributing Factors to the Financial Crisis of 2007-2009