Question
Research the crash of the housing market back in 2008. And answer the following questions below:
1. What was the housing industry like before the crash of the mortgage industry?
2. What was the process to get a home?
3. How did the process change to get a home?
4. What practices were fair when purchasing a home? list and explain.
5. What were the unfair practices? Why?
6. Name the companies that got caught in this mortgage scandal and what were they doing. Name and explain two companies.
7. How has the mortgage industry changed since the crash?
8. Do you think it is harder to get a home now?
9. What things would you change about the mortgage industry now?
10. Would say a contract is important when purchasing a home?
