After New HUD Guidelines Were Issued in 1999, Freddie Mac

question 149

Multiple Choice

After new HUD guidelines were issued in 1999, Freddie Mac and Fannie Mae

• A) extended fewer loans to borrowers making a down payment of 5 percent or less.
• B) extended more loans to borrowers making a down payment of 5 percent or less.
• C) extended new loans only to borrowers making a down payment of at least 20 percent.
• D) refused to extend new loans without full verification that the borrower had prime credit status.

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Definitions:

Power And Authority

Refers to the capacity to influence or control others' actions and the legitimate right to make decisions, respectively.

Ideal Self

The way you would like to be or plan to become.

Instrumental Values

Values that act as means to an end, guiding behavior towards achieving certain goals or desirable states.

Terminal Values

Core life goals or end states of existence that an individual strives to achieve, such as happiness, personal fulfillment, and peace.