Borrowers Who Stated but Did Not Document Their Incomes Are

question 45

Multiple Choice

Borrowers who stated but did not document their incomes are referred to as

• A) subprime.
• B) alt-A.
• C) adjustable.
• D) securitized.

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Definitions:

Compensatory Behaviors

Actions taken to counteract or make up for something, often seen in psychological contexts like eating disorders.

Pre-Binge

The period or phase before engaging in an episode of excessive indulgence, often associated with food, alcohol, or other substances.

Post-Binge

The period after excessive indulgence in activities like eating, drinking, or drug use, often marked by guilt, physical discomfort, or withdrawal symptoms.

Dieting

The habit of consuming food and beverages in a disciplined way to either reach or keep a steady weight.