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Why did housing prices rise rapidly during 2002 - 2005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before

Why did housing prices rise rapidly during 2002 - 2005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 - 2009 recession began? What did the Community Reinvestment Act have to do with the housing bubble and collapse? please I need more explanation

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