Discuss the nature of subprime mortgages (Reporting format).

I need an explanation for this Economics question to help me study.

Discuss the nature of subprime mortgages and how they became quite popular among the institutional investors in the early 2000. Explain your reasoning how the meltdown of the subprime markets caused the 2007-09 financial crisis. You can begin your research by reviewing the following articles.



Reporting format: 1-2 pages single-spaced type-written report.