Multiple Choice
Which of the following is NOT an example of aggressive lending practices contributing to the subprime crisis?
A) Mortgagors were not required to make any down-payment at the inception of the loan
B) Loans were given to people with poor credit histories
C) Loans were given to people with no income
D) A borrower could get a second mortgage and use it as down-payment
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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