Multiple Choice
Which of the following is true?
A) In 2007, the default rate on fixed rate mortgages was lower than that on ARMs.
B) From 2006-2008, housing construction decreased by $350 billion in the U.S.
C) Zero-down mortgages decreased the incentive for homeowners to prevent defaulting on their homes.
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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