All of the Following Were Significant Changes in the Mortgage

question 30

Multiple Choice

All of the following were significant changes in the mortgage market in the 2000s EXCEPT

• A) investment banks became significant participants in the secondary mortgage market.
• B) lenders loosened lending standards.
• C) mortgage-backed securities became more popular with investors.
• D) borrowers tended to increase the amount of their down payments.

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Definitions:

Critical Item

An essential or highly important element, object, or factor in a particular context or situation.

Endoscope

A medical instrument consisting of a long, thin, flexible tube with a light and a video camera, used to view the interior of a hollow organ or cavity in the body.

Personal Protective Equipment

Equipment worn to minimize exposure to hazards that cause serious workplace injuries and illnesses, which may include gloves, helmets, goggles, etc.

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A rule of conduct established and enforced by an authority or governing body, such as the federal government.