Adjustable Rate Mortgages with Extremely Low Initial Interest Rates Which

question 1

Multiple Choice

Adjustable rate mortgages with extremely low initial interest rates which enable high risk buyers to purchase homes are known as:

• A)​upside down mortgages.
• B)​ARMs.
• C)​sub-prime loans.
• D)​mortgage backed securities.

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Definitions:

Social Consequences

The effects that actions or policies have on society, including changes in social norms, behaviors, and relationships within communities.

Related Ideologies

A group of beliefs or philosophies that are connected or share a common theme or purpose.

Racial Projects

Processes and mechanisms through which racial meanings are attached to particular social practices, groups, or phenomena, thereby structuring racial categorizations and hierarchies.

Micro-Level Social Processes

The small-scale interactions and social phenomena that occur among individuals or small groups.