Which of the following statements reflect the primary change in the mortgage market that played the major role in creating the housing crises in 2007 through 2009?

Question

Quizplus · Accepted Answer

The primary change in the mortgage market was the increased availability of adjustable rate mortgages to low income citizens with low credit scores, which led to many of them defaulting on their loans and the subsequent housing crisis. The other options may have played a role, but they were not the primary change that caused the crisis.

Which of the Following Statements Reflect the Primary Change in the Mortgage