How would the drop impact the economy

Reference no: EM132762895

Question: According to 1735121: Mo?gage Finance, subprime mortgages were 20% of all mortgages in 2005 and 2006. In the last quarter of 2007, subprime mortgages were 14% of all mortgages; by the second quarter of 2007, they were only about 8% of the total. What did the drop in the percent of subprime mortgages mean? If this occurred today, how would the drop impact the economy?

Reference no: EM132762895

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