Mortgage Brokers Often Did Not Make a Strong Effort to Evaluate

question 9

Multiple Choice

Mortgage brokers often did not make a strong effort to evaluate whether the borrower could pay off the loan. This created a

• A) severe adverse selection problem.
• B) decline in mortgage applications.
• C) call to deregulate the industry.
• D) decrease in the demand for houses.

---

Definitions:

Frequency Of Occurrence

Frequency of occurrence refers to how often a specific event, action, or behavior happens within a defined time period or dataset, often used in risk assessment and statistical analysis.

Vertical Axis

In a chart or graph, the axis that is oriented vertically (up-down) and typically represents the range of values or categories being measured.

Cost Of Conformance

The expenses associated with ensuring a product, service, or process meets the required standards and specifications, including prevention and appraisal costs.

Quality Improvement

Quality improvement involves systematic efforts to enhance the efficiency, effectiveness, and performance of processes or products.