In a Difficult Housing Market,borrowers Simply Choose Not to Pay

question 159

True/False

In a difficult housing market,borrowers simply choose not to pay their mortgage allowing the home to be foreclosed in a practice called negative amortization.

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Definitions:

Variable

An element, feature, or factor that is likely to vary or change; often used in scientific experiments or mathematical equations.

Rainfall

The amount of rain that falls over a specific area in a given period of time, often measured in millimeters.

Average

A statistical measure representing the central or typical value in a set of data, calculated primarily as the mean, median, or mode.

Total

It refers to the whole amount, quantity, or number of something, considered without divisions or exceptions.