Mortgages That Do Not Meet Certain Credit Criteria and Have

question 29

Multiple Choice

Mortgages that do not meet certain credit criteria and have a high probability of default are know as ________ mortgages.

• A)prepayment
• B)pooled
• C)under-water
• D)subprime

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Definitions:

Outliers

Data points that differ significantly from other observations, possibly indicating variability or error in the data.

Wages

Compensation received by employees for their labor or services, typically on an hourly, daily, or piecework basis.

Skewed

A distribution that is not symmetric and has one tail longer than the other, indicating that the data are not evenly distributed around the mean.

Ontario Bird Count

An event or initiative focused on counting bird species and populations within the province of Ontario to track avian biodiversity and population trends.