By the height of the housing bubble in 2005 and early 2006,lenders had greatly loosened the standards for obtaining a mortgage loan,with many mortgages being granted to sub-prime borrowers ________ and "Alt-A" borrowers ________.
A)with flawed credit histories; who did not document their incomes
B)who borrowed money at rates below the prime interest rate; who had AAA credit ratings
C)who borrowed more than 120 percent of the value of the house; with no proof of U.S.citizenship
D)who purchased homes in depressed housing markets; who purchased homes which were repossessed by government agencies.

Question

Quizplus · Accepted Answer

By the height of the housing bubble in 2005 and early 2006, lenders had greatly loosened the standards for obtaining a mortgage loan. Many mortgages were granted to sub-prime borrowers with flawed credit histories who did not document their incomes. Alt-A borrowers were also granted loans without verifying their incomes or employment, but they typically had better credit scores than sub-prime borrowers.

By the Height of the Housing Bubble in 2005 and Early