Multiple Choice
The mortgage default rate is
A) the percentage of home mortgage loans in which the borrower has failed to make the current monthly payment.
B) equal to the foreclosure rate.
C) the percentage of home mortgages in which the borrower is 90 days or more late with the payment or it is in the foreclosure process.
D) the percentage of home mortgages in which the borrower owes more than the home is worth.
Correct Answer:
Verified
Correct Answer:
Verified
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