By the height of the housing bubble in 2005 and early 2006, lenders had greatly loosened the standards for obtaining a mortgage loan, with many mortgages being granted to sub-prime borrowers ________ and "Alt-A" borrowers ________
A) with flawed credit histories; who did not document their incomes
B) who borrowed money at rates below the prime interest rate; who had AAA credit ratings
C) who purchased homes in depressed housing markets; who purchased homes which were repossessed by government agencies
D) who borrowed more than 120 percent of the value of the house; with no proof of U.S. citizenship
A
You might also like to view...
When a monopolistically competitive firm breaks even in the long run, this is equivalent to earning a zero accounting profit
Indicate whether the statement is true or false
A transfer payment is a payment to a person that is made in return for goods and services supplied
Indicate whether the statement is true or false
Historically, black students have had ______.
a. the same educational opportunities as white students b. inferior educational opportunities to white students c. superior educational opportunities to white students d. different, but equivalent opportunities to white students
A major critic of Americans very high consumer spending has been
A. John Maynard Keynes. B. Karl Marx. C. Milton Friedman. D. Murray Weidenbaum.