Subscribe for news updates every 10 minutes. Like/Dislike, Favorite, Comment, Embed on Blog, Facebook Share, and Tweet this video. Get the word out on this video. Get an email once a day tinyurl.com Like on Facebook to get updates tinyurl.com Follow on Twitter to get updates tinyurl.com - Monday May 16 2011 12:06 pm en.wikipedia.org The US subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backing said mortgages. Approximately 80% of US mortgages issued to subprime borrowers were adjustable-rate mortgages. After US house sales prices peaked in mid-2006 and began their steep decline forthwith, refinancing became more difficult. As adjustable-rate mortgages began to reset at higher interest rates, mortgage delinquencies soared. Securities backed with mortgages, including subprime mortgages, widely held by financial firms, lost most of their value. Global investors also drastically reduced purchases of mortgage-backed debt and other securities as part of a decline in the capacity and willingness of the private financial system to support lending. Concerns about the soundness of US credit and financial markets led to tightening credit around the world and slowing economic growth in the US and Europe. The immediate cause or trigger of the crisis was the bursting of the United States housing bubble which peaked in ...