Sentences with phrase «defaults during the housing crisis»

Lawrence Yun, NAR chief economist, says there were two waves of defaults during the housing crisis: from subprime and then prime borrowers.

Not exact matches

But the organization's reserve fund plummeted during the housing crisis, largely due to insurance claims resulting from homeowners defaulting on their loans.

During the housing crisis, higher - than - normal defaults drove the agency's reserve fund below the congressionally mandated 2 percent.