What were the implications of subprime mortgage lenders?

Students' answers may vary.
Subprime mortgage lenders are financial institutions that give loans at higher interest rates than conventional mortgages because the borrower is viewed as higher risk.Because these lenders were regulated by states, which often performed little oversight, customers were pushed into high-interest rate loans.Many borrowers could not meet their payments and were forced into foreclosure.Foreclosures affect not just those forced out of homes, but also have detrimental effects on neighborhoods, local governments, and the national economy.The resulting economic insecurity damages the broader political system as people lose faith in government and withdraw from participation, resulting in an erosion of civil society.