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:

Effectance Motivation

The intrinsic motivation to interact with, manipulate, and control one’s environment, often seen in exploratory and playful behaviors.

Reciprocal Causation

A concept where personal behavior, the environment, and individual thoughts influence each other in a loop.

Complex Interplay

The intricate interaction or co-operation of multiple factors or elements in a system or situation.

Environmental Factors

External elements, including social, economic, biological, and physical conditions, that can influence an individual's or species' development and behavior.