Which of the following is not true about subprime loans?
A) They are generally issued at an adjustable rate.
B) They are made to borrowers who don't qualify for market-set rates.
C) They charge a higher interest rate than other mortgages.
D) They are issued at a rate below prime.
Correct Answer:
Verified
Q128: Banks and other institutions that made mortgage
Q129: Subprime loans have very attractive interest rates
Q130: _ is the risk that poor management
Q131: If your personal savings rate is negative
Q132: The bank rate measures the percentage of
Q133: The main problem with an adjustable rate
Q134: The adjustable-rate mortgage (ARM)has an interest rate
Q135: Fraudulent mortgage applications increased by 300 percent
Q137: Risk is the possibility that cash flows
Q138: Subprime loans were made to borrowers who
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