Mortgages Issued to Borrowers Who Fail to Document That Their

question 130

Multiple Choice

Mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgage payments are known as ________ mortgages.

• A)subprime
• B)Alt-A
• C)gray market
• D)reciprocal

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Definitions:

Backup

A method for making copies of data or files to protect them from loss or damage.

Modified Wave

A scheduling strategy that combines patients with scheduled appointments and walk-ins to improve flow and efficiency in settings like clinics.

Exclusive Provider Organization

A managed care plan where services are covered only if you use doctors, specialists, or hospitals in the plan's network, except in an emergency.

Health Maintenance Organization

A type of health insurance plan that often requires members to access healthcare services from a specific network of providers.