In 2008,foreclosures Reached a Record High

question 60

Multiple Choice

In 2008,foreclosures reached a record high.Which of the following is NOT a possible reason for foreclosures?

• A) Many mortgages were initiated without a down payment.
• B) Many mortgages were initiated on secondary and investment homes.
• C) Some mortgages were adjustable rate mortgages which might have dramatically increased monthly payments for some.
• D) Property values were increasing too fast.

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Definitions:

Standard Deviations

An indicator of how widely data points are distributed around the mean, showing the spread of a dataset.

REITs

Real Estate Investment Trusts (REITs) are companies that own, operate, or finance income-producing real estate across a variety of property sectors.

NAV

Stands for Net Asset Value, which is the per-share market value of a fund's assets minus its liabilities, often used in context with mutual funds.