Which of the Following Is (Are) True About Nonconforming Mortgage

question 78

Multiple Choice

Which of the following is (are) true about nonconforming mortgage loans?

• A) They are also known as subprime loans.
• B) They have higher default risk than conforming loans.
• C) They were able to be offered without due diligence.
• D) All of the options are true.

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Definitions:

Nondepressed People

Individuals who do not exhibit symptoms of depression and generally maintain a regular, stable mood.

Self-Esteem

A person's personal assessment of their own importance or merit.

Low Self-Esteem

Refers to a person's belief that they are not worthy or do not measure up to others' or their own standards.

Mood Swings

Rapid and extreme changes in one's emotional state.