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 these are correct.
Correct Answer:
Verified
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