How Did the Mortgage Crisis Affect Minorities During the Great

question 89

Multiple Choice

How did the mortgage crisis affect minorities during the Great Recession?

• A) They were not given loans.
• B) They were pushed into subprime mortgages.
• C) They made great gains in homeownership.
• D) The Great Recession had little effect on them.
• E) Banks, such as Wells Fargo, charged lower fees to blacks and Hispanics.

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Definitions:

Last Clear Chance

A legal doctrine that states that a party who has the last opportunity to avoid an accident, despite the negligence of the opposing party, may be liable for any resulting damages.

Jury's Verdict

The formal decision or finding made by a jury, conveyed to the court, regarding the guilt or innocence of a defendant in a criminal case or the resolution of a civil dispute.

Negligence Claim

A legal assertion that an individual or entity failed to exercise a reasonable standard of care, resulting in harm or injury to another.

Oral Surgeon

A specialized dentist who performs surgical procedures on the mouth, teeth, jaws, and facial structures.