The Share of New Loans with a Down Payment of 5

question 105

Multiple Choice

The share of new loans with a down payment of 5 percent or less extended by Freddie Mac and Fannie Mae

• A) declined substantially after 1999.
• B) rose from 4 percent in 1998 to 12 percent in 2003 and 23 percent in 2007.
• C) rose from 4 percent in 1998 to 23 percent in 2002, but declined to less than 10 percent in 2007.
• D) never exceeded 10 percent of the new loans financed.

---

Definitions:

Tao Te Ching

A foundational text of Taoism, attributed to Laozi, emphasizing living in harmony with the Tao, or the fundamental nature of the universe.

Aggressive Measures

Actions or policies that are forceful and intended to achieve a particular outcome, often used in contexts like law enforcement or military strategy.

Shadowy Presence

An ambiguous or unclear force, entity, or influence that impacts events or situations without being directly observable or fully understood.

Philosophers

Thinkers who engage in critical study, analysis, and questioning of concepts pertaining to existence, knowledge, values, reason, mind, and language.