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please explain the following why did housing prices rise rapidly during 2002-2005? why did the mortgage default rate increase so sharply during 200resource6 and 2007

please explain the following

why did housing prices rise rapidly during 2002-2005?

why did the mortgage default rate increase so sharply during 200resource6 and 2007 even before the recession began?

what did the community reinvestment act have to do with the housing bubble and collapse?

please cite resources.

thank you

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