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A Significant Aspect of the Great Recession (2008-2010) Involved White

Question 15

Multiple Choice

A significant aspect of the Great Recession (2008-2010) involved white lending officials' discriminatory lending practices, including all the following EXCEPT:


A) regularly channeling black and Latino homeowners into subprime (high-interest) home loans when they would have qualified for regular-interest, less risky loans.
B) regularly channeling poor white homeowners into subprime (high-interest) home loans when they would have qualified for regular-interest, less risky loans.
C) ensuring black and Latino homebuyers were more than twice as likely as white homebuyers to receive expensive subprime mortgages, even after loan amounts and household incomes were taken into account.
D) expanding loans to families of color and making substantial profits even though lenders knew the families would have trouble repaying the loans.
E) granting high-interest loans for second mortgages to unsuspecting customers of color with the argument that the latter could use their home equities for important needs such as paying medical bills.

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