Research the crash of the housing market back in 2008 and answer the following questions blow:
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- What was the housing industry like before the crash of the mortgage industry
- What was the process to get a home?
- How did the process change to get a home?
- What practices were fair when purchasing a home? List and explain
- What were the unfair when practices? Why?
- Name the companies that got caught in this mortgage scandal and what were they doing. Name and explain two companies
- How has the mortgage industry changed since the crash?
- Do you think is it harder to get a home now?
- What things would you change about the mortgage industry now?
- Do you think having a contract is important when purchasing a home?