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What happened to cause subprime loans to fail? Multiple select question. Buyers were not qualified for loans they were able to get. Lenders were too
What happened to cause subprime loans to fail? Multiple select question. Buyers were not qualified for loans they were able to get. Lenders were too picky about loan qualifications and it was too hard to get a loan. Home prices were rising so rapidly that people couldn't afford to buy. Housing prices failed to increase so that borrowers could sell for a profit or convert to a fixed rate mortgage
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