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| Unconventional Mortgages Predicting Housing Crisis? Unlikely, Experts Say |
| By Liz Dominguez |
The housing bubble of 2006 and 2007—the prelude to the years-long period of economic decline known as the Great Recession—was, in part, exacerbated by a fundamentally restriction-less handout of mortgage loans. In this haste to lend money, banks and other institutions provided mortgages to many who would not have typically qualified. The result? A multitude of homeowners struggled to pay off their loans, ending in default—a substantial weight that helped tip a delicate market.
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(TNS)—Sitting down to do your taxes in the next few weeks—or talking with your tax preparer—will involve tackling the most sweeping changes in the federal income tax rules in more than 30 years
