Subprime mortgage crisis/Timelines: Difference between revisions
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imported>Nick Gardner |
imported>Nick Gardner m (→2003 - 2006) |
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:Progressive '''discount rate increases '''(from 0.75% to 6.25% in 2006). | :Progressive '''discount rate increases '''(from 0.75% to 6.25% in 2006). | ||
:'''Housing boom''' (Average 2006 house price 70% above 200 level) | :'''Housing boom''' (Average 2006 house price about 70% above 200 level) | ||
==2007== | ==2007== | ||
==2008== | ==2008== | ||
Revision as of 09:36, 10 October 2008
1990 - 2003
- Progressive discount rate cuts by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [1].
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 (Average 2006 house price about 70% above 200 level)