After reading Special Topic 5, write a 2-page paper answering the following:
Why did housing prices rise rapidly during 2002 – 2005?
Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 – 2009 recession began?
What did the Community Reinvestment Act have to do with the housing bubble and collapse?
Cite your sources
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