Subprime mortgage crisis/Timelines: Difference between revisions
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imported>Nick Gardner |
imported>Nick Gardner m (→1990 - 2003) |
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==1990 - 2003== | ==1990 - 2003== | ||
:Progressive '''discount rate cuts''' by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [http://www.the-privateer.com/rates.html]. | :Progressive '''discount rate cuts''' by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [http://www.the-privateer.com/rates.html]. | ||
: '''Housing boom develops''' | |||
===1999=== | ===1999=== | ||
Revision as of 09:40, 10 October 2008
1990 - 2003
- Progressive discount rate cuts by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [1].
- Housing boom develops
1999
Fannie Mae eases credit terms for subprime loans [2]
2003 - 2006
- Progressive discount rate increases (from 0.75% to 6.25% in 2006).
- Housing boom continues (Average 2006 house price about 70% above 200 level)