Multiple Choice
A sub-prime loan is a loan extended to borrowers
A) at a subsidized interest rate below the prime rate normally offered to the most creditworthy borrowers.
B) with blemished credit or limited documentation of their income, employment history, and other indicators of credit worthiness.
C) seeking a 30-year, fixed rate mortgage.
D) who have a FICO score above 660.
Correct Answer:
Verified
Correct Answer:
Verified
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