In 2008,foreclosures Reached a Record High

Multiple Choice

In 2008,foreclosures reached a record high.Which of the following is NOT a possible reason for foreclosures?

A) Many mortgages were initiated without a down payment.
B) Many mortgages were initiated on secondary and investment homes.
C) Some mortgages were adjustable rate mortgages which might have dramatically increased monthly payments for some.
D) Property values were increasing too fast.