After New HUD Guidelines Were Issued in 1999, Freddie Mac

question 149

Multiple Choice

After new HUD guidelines were issued in 1999, Freddie Mac and Fannie Mae

• A) extended fewer loans to borrowers making a down payment of 5 percent or less.
• B) extended more loans to borrowers making a down payment of 5 percent or less.
• C) extended new loans only to borrowers making a down payment of at least 20 percent.
• D) refused to extend new loans without full verification that the borrower had prime credit status.

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Definitions:

Events

Occurrences or happenings, especially those significant enough to be remembered or noteworthy.

Experienced personally

Directly encountering or undergoing something oneself, rather than learning about it through others or second-hand reports.

Declarative Memory

Memory that can be consciously recalled, such as facts and events, and is considered explicit memory.

Nondeclarative Memory

The subsystem within long-term memory that stores motor skills, habits, and simple classically conditioned responses; also called implicit memory.