Which of the Following Was a Major Problem with Subprime

question 31

Multiple Choice

Which of the following was a major problem with subprime mortgages?

• A)Housing costs remained low, making home ownership unattractive .
• B)The risk of defaults on these mortgages was higher .
• C)These mortgages were rarely offered by banks .
• D)The mortgages were limited to only the wealthiest borrowers .
• E)Banks made little money off of them, causing them to raise other fees .

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