Review Mortgage Lenders

All American Home Lending

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How the Subprime Mortgage Crisis Relates to the Overall Financial Crisis?

I have to write a paper on this, and have tried to understand the whole thing. Please correct me if anywhere in this following summary I am wrong in my understanding! This question is just about the understanding and timeline of the subprime lending crisis.

1) Sorta. Ninja = "no income, no job and no assets"

2) The short version is that people were given loans so they could buy houses that they couldn't afford out of the gate.