Assignment:
Write a 400 word paper answering the following:
Why did housing prices rise rapidly during 2002 to 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 as needed. Use APA formatting.