Multiple Choice
Fannie Mae and Freddie Mac's dominance of the secondary mortgage market during 1995-2008 encouraged mortgage originators to
A) extend only 30-year, fixed-rate mortgages.
B) require higher down payments in order to obtain a home mortgage.
C) loosen lending standards as long as the mortgages were acceptable to Fannie Mae and Freddie Mac.
D) scrutinize the credit-worthiness of borrowers more carefully.
Correct Answer:
Verified
Correct Answer:
Verified
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