Which of the following was a major contributor to the credit crisis?
A) strict criteria applied by mortgage originators
B) liberal criteria applied by mortgage originators
C) very strict credit ratings applied to mortgage-backed securities
D) fixed-rate mortgages with long terms to maturity
Correct Answer:
Verified
Q26: Mortgage lenders normally charge a higher initial
Q27: A mortgage contract specifies
A)the interest rate.
B)the collateral
Q28: A financial institution may service a mortgage
Q29: Some adjustable-rate mortgages (ARMs)contain an option clause
Q30: _ economic growth will probably _ the
Q32: _ mortgages enable more people with relatively
Q33: Mortgage-backed securities are assigned ratings by
A)rating agencies.
B)the
Q34: An adjustable-rate mortgage increases interest rate risk
Q35: Which of the following is NOT a
Q36: Which of the following are important criteria
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents