The Major Wave of Defaults on Home Mortgages in 2007

question 54

Multiple Choice

The major wave of defaults on home mortgages in 2007 destabilized

• A) only the banks that directly made the mortgage loans.
• B) only the mortgage brokers, not the commercial banks.
• C) many banks, including those that made the loans indirectly.
• D) mostly large banks, but not too many small ones.

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