By the Height of the Housing Bubble in 2005 and Early

question 120

Multiple Choice

By the height of the housing bubble in 2005 and early 2006,lenders had greatly loosened the standards for obtaining a mortgage loan,with many mortgages being granted to sub-prime borrowers ________ and "Alt-A" borrowers ________.

• A)with flawed credit histories; who did not document their incomes
• B)who borrowed money at rates below the prime interest rate; who had AAA credit ratings
• C)who borrowed more than 120 percent of the value of the house; with no proof of U.S.citizenship
• D)who purchased homes in depressed housing markets; who purchased homes which were repossessed by government agencies.

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Definitions:

Fibrous Capsule

A dense connective tissue layer that surrounds organs or joints, providing protection and structural integrity.

Urethral Mucosa

The mucous membrane lining the inside of the urethra, involved in protection and secretion.

Stratified Squamous Epithelium

A type of epithelial tissue composed of multiple layers of cells where the top layers are flat, providing protection against abrasion.

Transitional Epithelium

A type of epithelial tissue that can stretch and contract, found lining organs such as the bladder.