microeconomics paper week 3

After reading Special Topic 5, write a 2-page 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.

LOGIN INFO TO THE TEXTBOOK WILL BE GIVEN TO PERSON DOING ASSIGNMENT!