In the early 2000s, the mortgage market rapidly developed by extending sub-prime mortgages to those who would not be considered to have a sound credit rating.

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This is true. The sub-prime mortgage market expanded rapidly in the early 2000s, with lenders offering mortgages to borrowers with poor credit ratings. This contributed to the 2008 financial crisis.

In the Early 2000s, the Mortgage Market Rapidly Developed by Extending