In the 1950s, a Traditional, Thirty-Year Fixed Rate Mortgage Would

question 65

Multiple Choice

In the 1950s, a traditional, thirty-year fixed rate mortgage would typically have been

• A)securitized and sold to a consortium of foreign investors.
• B)held by the original lender or banker until it was paid off.
• C)available to the borrower without a down payment and without documentation of income.
• D)all of the options are correct.

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Definitions:

Replacement-Level Fertility

The total fertility rate at which a population exactly replaces itself from one generation to the next, without migration, typically considered to be around 2.1 children per woman.

French-Canadian Population

People of French descent living in Canada, particularly in Quebec, with a distinct culture and language.

Québec

A province in Canada known for its French-speaking population and distinct cultural identity.

Black Canadians

Canadians of African descent who have historically lived and contributed to the diverse cultural, economic, and social fabric of Canada, facing specific historical challenges and achievements.