Before the housing collapse in the U.S., mortgage brokers were the only people actively engaging in fraud by offering and lending subprime mortgages to unqualified applicants.

Question

Quizplus · Accepted Answer

While mortgage brokers were certainly involved in the offering and lending of subprime mortgages to unqualified applicants, they were not the only ones actively engaging in fraud. Banks, loan officers, and other financial institutions were also involved in these practices, leading to the housing collapse in the U.S.

Before the Housing Collapse in the U