In 2007, the United States suffered what is known as the "Subprime Mortgage Crisis". This took an enormous toll on the United States Economy. However, nearby country, Canada did not experience this situation. The objective of this thesis is to determine why such different outcomes were seen in order for future economic stability. This research will examine mortgage processes, mortgage management, foreclosures on mortgages of both countries. It will then paint the economic picture that each country faced in 2007, while providing an explanation as to why the United States fared much worse than Canada during this time.
| Identifer | oai:union.ndltd.org:ETSU/oai:dc.etsu.edu:honors-1336 |
| Date | 01 December 2015 |
| Creators | Vittatoe, Katelyn B |
| Publisher | Digital Commons @ East Tennessee State University |
| Source Sets | East Tennessee State University |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | Undergraduate Honors Theses |
| Rights | Copyright by the authors., http://creativecommons.org/licenses/by-nc-nd/3.0/ |
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