How did the deregulation of the mortgage industry in 1999 help produce the housing crisis of
2007 and 2008?
A) It drove housing prices down by preventing too many qualified people from obtaining the mortgages needed to purchase homes.
B) It allowed many new mortgage companies to form,offering "predatory" loans that people could not afford to repay.
C) It made foreclosures almost impossible under the law and allowed many people to stop paying their mortgages with no monetary penalties.
D) It eliminated most mortgage companies and forced potential homeowners to pay cash for their homes.
Correct Answer:
Verified
Q56: What is the shadow welfare state?
A)the welfare
Q57: The Elementary and Secondary Education Act
A)cut federal
Q58: Which of the following programs provides an
Q59: How did the Great Depression change American
Q60: There are considerable disparities in benefits from
Q62: In 2007 and 2008,the government faced a
Q63: In a case addressing the constitutionality of
Q64: Which of the following groups receives the
Q65: What was the primary way federal housing
Q66: Which of the following groups receives the
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