Recall the Application About the Number of Homeowners in the Year

question 133

Multiple Choice

Recall the Application about the number of homeowners in the year 2012 who owed more on their homes than their homes were worth to answer the following question(s) . To assist homeowners who are behind on their payments and may eventually lose their homes to foreclosure, many in Congress have advocated for reduction on the amount of money they actually owe-or principal reduction. The hope is that with a reduction in the amount they owed they would start making timely payments on their mortgages and avoid a messy default.
-According to this Application, for approximately 12 million homeowners in 2012, the amount owed on mortgages was higher than the actual value of the homes. These homeowners used borrowed funds to purchase their homes, a practice known as

• A) securitization.
• B) leverage.
• C) liquidity.
• D) acceleration.

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Definitions:

Residential Placement

Refers to the housing of individuals, typically children or adolescents, in facilities such as group homes or institutions for care or rehabilitation.

Additive Empathy

The process of not only understanding and sharing another's feelings but also adding to the emotional experience by contributing one's own insights and support.

Self-Awareness

The aware understanding of an individual's own personality, emotions, intentions, and wishes.

Introspection

The process of examining one's own thoughts, feelings, and motivations to gain self-awareness.