Subprime Mortgages Did Not Exceed 8% of All Outstanding Mortgage

question 27

True/False

Subprime mortgages did not exceed 8% of all outstanding mortgage obligations by 2007, but by the end of 2008 they were the source of 65% of bankruptcy filings by homeowners in the United States.

---

Definitions:

Group Decision Making

A collaborative process wherein multiple individuals work together to make choices or solve problems.

Commitment

The degree to which one works to apply their talents and capabilities to important tasks.

Decision by Authority

A resolution or judgement made by an individual or body with established power or control.

Brainstorming

The engagement of group members in an open, spontaneous discussion of problems and ideas.