The share of new loans with a down payment of 5 percent or less extended by Freddie Mac and Fannie Mae
A) declined substantially after 1999.
B) rose from 4 percent in 1998 to 12 percent in 2003 and 23 percent in 2007.
C) rose from 4 percent in 1998 to 23 percent in 2002, but declined to less than 10 percent in 2007.
D) never exceeded 10 percent of the new loans financed.

Question

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The share of new loans with a down payment of 5 percent or less extended by Freddie Mac and Fannie Mae increased from 4 percent in 1998 to 12 percent in 2003 and further to 23 percent in 2007.

The Share of New Loans with a Down Payment of 5