Attempts to improve federal regulation of the mortgage industry occurred because ____________________.
A) home ownership rates are lower in the U.S. than in Europe
B) federal subsidies were no longer working to adequately bolster home ownership rates
C) taxpayer-funded mortgage subsidies were criticized for benefitting the 1 percent of citizens who pay the most taxes
D) private lending institutions' lax loan requirements led to high default rates
E) too many borrowers were choosing to work with private lenders instead of the FHA
Correct Answer:
Verified
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