A few years prior to the Financial Crisis of 2007-2008, many people were getting approved for mortgage loans even
without proper documentation or credit checks.

Question

Quizplus · Accepted Answer

This is true. Lenders were issuing subprime mortgages to individuals who did not have proper documentation or credit checks, which eventually contributed to the Financial Crisis of 2007-2008.

A Few Years Prior to the Financial Crisis of 2007-2008