There are people who are sitting around deciding who is responsible for the subprime mortgage crisis, but are also many who are struggling to find out the effects of the subprime mortgage on the banks. Many consumers are surprised of the impact and consequences of this process. From the US subprime mortgage crisis is a lot to learn and for that reason these lessons should be analyzed and used to avoid such disastrous situations. Most people do not understand is the fact that the US subprime mortgage crisis goes beyond home ownership. For example, the process affects also other financial areas as the mutual fund which are slowed down by mortgages or homeowners who have not the possibility to pay higher payments and are forced to default on their auto loans, home or even on their credit cards too. Some owners are in the position of not being able to pa home buyers y their bills due to the increasing of the interest rate and their budgets are not covering these changes. Therefore, financial institutions and many banks are left to find ways to produce money because many homeowners who are hit by the subprime mortgage huricane are affecting their limited budget. One important effect of the US subprime mortgage crisis is the dramatically decrease of the guidelines which helped the consumers. Some time ago it was easy to receive a credit card, home loan or an auto loan, but unfortunately the level of loans which are going into default has increased and the banks are getting more and more difficult to convince to offer loans to borrowers regardless of their problems. It is very hard for those who are considering to buy a home or to get a mortgage loan of any kind because they are cutting into the income of the banks.