Fannie Mae and Freddie Mac's Dominance of the Secondary Mortgage

question 158

Multiple Choice

Fannie Mae and Freddie Mac's dominance of the secondary mortgage market during 1995-2008 encouraged mortgage originators to

• A) extend only 30-year, fixed-rate mortgages.
• B) require higher down payments in order to obtain a home mortgage.
• C) loosen lending standards as long as the mortgages were acceptable to Fannie Mae and Freddie Mac.
• D) scrutinize the credit-worthiness of borrowers more carefully.

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Definitions:

Event-Based Tasks

Activities designed or occurring in response to specific events or situations, often requiring problem-solving or decision-making based on those events.

Sophomore Year

The second year of a student's journey in a four-year educational program, typically in high school or college.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences, including contextual details and emotions.

Autobiographical Memory

Autobiographical memory encompasses memories of personal experiences and events, including the facts and emotional contexts of such memories.