The mortgage crisis started to come to a head

Question

Quizplus · Accepted Answer

The Federal Reserve started to raise interest rates, which made it more difficult for people to make mortgage payments, leading to a wave of defaults and foreclosures. The government deficit may have contributed to the overall economic climate, but it was not the direct cause of the mortgage crisis. The Federal Reserve did not pass a law aimed at getting every American to own their own home, although there were government policies that encouraged home ownership, which may have played a role in the crisis.

The Mortgage Crisis Started to Come to a Head