Foreclosure
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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the co
House in Salinas, California, under foreclosure, following the bursting of the 2000s United States housing bubble.
Notices accumulate on the door and window of a foreclosed, unoccupied house.
Microcosm of London Plate 006 Auction Room, Christie's
Subprime mortgage crisis
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The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010, contributing to the 2008 financial crisis. It led to a severe economic recession, with m
Foreclosure
…property being foreclosed (second mortgages, HELOCs) are "wiped out" by foreclosure. In the wake of the United States housing bubble and the subsequent subprime mortgage crisis there has been increased interest in renegotiation or modification of the mortgage loans rather than foreclosure, and some commentators have speculated…
Federal funds rate history and recessions
A mortgage brokerage in the US advertising subprime mortgages in July 2008
Relationship between fiscal tightening (austerity) in Eurozone countries with their GDP growth rate, 2008–2012
People queuing outside a Northern Rock bank branch in Birmingham, United Kingdom, on September 15, 2007, to withdraw their savings because of the subprime crisis