The Mortgage Default Rate Is

question 73

Multiple Choice

The mortgage default rate is

• A) the percentage of home mortgage loans in which the borrower has failed to make the current monthly payment.
• B) equal to the foreclosure rate.
• C) the percentage of home mortgages in which the borrower is 90 days or more late with the payment or it is in the foreclosure process.
• D) the percentage of home mortgages in which the borrower owes more than the home is worth.

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Definitions:

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The disappearance of species from Earth, often due to human activities like habitat destruction, pollution, and overexploitation, leading to reduced biodiversity.

Marine Ecosystems

Complex systems of marine life and their environments, ranging from coral reefs and mangroves to the deep sea, vital for the planet's diversity and climate.

Recreational Fishing

Fishing activities undertaken for pleasure or sport rather than for commercial purposes.