By the Height of the U

question 79

Multiple Choice

By the height of the U.S.housing bubble in 2005 and early 2006, lenders in the United States 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
• E)who purchased homes in "undesireable" areas; who purchased second homes

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Definitions:

Evaluation Efforts

The systematic process of determining the worth, significance, or value of an activity, project, or program, often through the collection and analysis of data.

Intervention Outcomes

The results or impacts of specific actions or interventions, which can be measured to assess their effectiveness in achieving desired goals or objectives.

Follow-up

Subsequent actions or inquiries to check on the status of something or to further ensure the completion of a task or resolution of an issue.

Worker

An individual engaged in an activity, especially in the context of earning an income.