Which of the following is NOT an example of aggressive lending practices contributing to the subprime crisis?
A) Mortgagors were not required to make any down-payment at the inception of the loan
B) Loans were given to people with poor credit histories
C) Loans were given to people with no income
D) A borrower could get a second mortgage and use it as down-payment
E) None of the above
Correct Answer:
Verified
Q4: According to former Federal Reserve Chairman Alan
Q10: The 1933 Glass-Steagall Act precluded banks from:
A)Subprime
Q11: In simple terms, the securitization process is:
A)A
Q13: Mark-to-market accounting is usually related to all
Q14: Investors relied on the judgment of credit
Q15: Rating agencies were exposed to a conflict
Q17: These entities worked as second party consolidators,
Q18: Early in 2008, mark-to-market accounting provisions caused
Q19: Mark-to-market accounting is incorrectly characterized as:
A)Relevant for
Q20: A fundamental problem with Goldman Sachs' GSAMP
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