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subprime mortgage crisis was a nationwide
financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a
housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of
housing-related securities.
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Housing plays a key socio-economic role and represents the main wealth of the poor in most developing countries 3 billion people will need
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Center for Financial Markets The
Center for Financial Markets promotes
financial market understanding and works to expand access to capital, strengthen—and deepen—
financial markets, and develop innovative
financial solutions to the most pressing global challenges.
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