Since the 1980s, mortgages allowing less than 20% down payment have appeared, requiring
A) lenders to insure the borrower against physical damage to the house.
B) lenders to insure the borrower against loss in case of default.
C) borrowers to insure the lender against loss in case of default.
D) both borrowers and lenders to hold each other harmless in case of default or physical damage.
Correct Answer:
Verified
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