Despite many innovations in the lending process that made mortgage loans more accessible and affordable to the general public,many potential borrowers faced considerable barriers in qualifying for a loan and making a down payment.Which of the following types of loans was designed for a borrower with weak credit or who was unable to document his income?

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Subprime mortgage loans were designed for borrowers with weak credit or those who were unable to document their income. These loans often came with higher interest rates and fees to compensate for the higher risk to lenders.

Despite Many Innovations in the Lending Process That Made Mortgage