Examlex
The ________ is the price of one good ________ the price of another good.
Foreclosure Rates
The percentage of properties undergoing the process of legal repossession by lenders due to borrowers' failure to make mortgage payments.
Lending Standards
Regulations and criteria set by financial institutions to determine the qualification of borrowers for loans.
Alt-A Loans
Loans extended with little documentation or verification of the borrowers’ income, employment, and other indicators of their ability to repay. Because of this poor documentation, these loans are risky.
Economic Crisis
A situation where an economy faces a sudden downturn brought on by a financial crisis, resulting in high unemployment and inflation.
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