Subprime mortgage crisis/Timelines: Difference between revisions

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imported>Nick Gardner
imported>Nick Gardner
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:Progressive '''discount rate cuts''' by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [http://www.the-privateer.com/rates.html].
:Progressive '''discount rate cuts''' by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [http://www.the-privateer.com/rates.html].


: '''Housing boom begins'''
: '''Housing boom begins''' (8% increase 2002 to 2003)


===1999===
===1999===

Revision as of 11:19, 10 October 2008

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A timeline (or several) relating to Subprime mortgage crisis.


1990 - 2003

Progressive discount rate cuts by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [1].
Housing boom begins (8% increase 2002 to 2003)

1999

Fannie Mae eases credit terms for subprime loans [2]

2003 - 2006

Progressive discount rate increases (from 0.75% to 6.25% in 2006).
Housing boom continues (Average 2006 house price about 70% above 200 level)

2007

2008