Housing Collapse Paper

Write  a 400 word paper answering the following:

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? 

Cite your sources as needed.  Use APA formatting.

View your assignment rubric.

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