A Loan for Borrowers Who Do Not Qualify for Loans

question 7

Multiple Choice

A loan for borrowers who do not qualify for loans at the usual market rate of interest because of a poor credit rating or because the loan is larger than justified by their income is

• A) a subprime mortgage.
• B) a securitized mortgage.
• C) an insured mortgage.
• D) a graduated-payment mortgage.

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Definitions:

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