By the Height of the U

Multiple Choice

By the height of the U.S.housing bubble in 2005 and early 2006, lenders in the United States had greatly loosened the standards for obtaining a mortgage loan, with many mortgages being granted to sub-prime borrowers ________ and "Alt-A" borrowers ________.

A) with flawed credit histories; who did not document their incomes
B) who borrowed money at rates below the prime interest rate; who had AAA credit ratings
C) who borrowed more than 120 percent of the value of the house; with no proof of U.S.citizenship
D) who purchased homes in depressed housing markets; who purchased homes which were repossessed by government agencies
E) who purchased homes in "undesireable" areas; who purchased second homes