Which of the Following Did NOT Significantly Contribute to the Housing

Which of the following did NOT significantly contribute to the housing crisis of 2008?

A) Home prices increased to levels rarely experienced in the past.
B) Many homeowners borrowed loans against their home equity to cover family expenses.
C) New housing loans made to risky applicants were sold by banks to larger firms,and the firms converted these loans to derivative funds.
D) Home prices abruptly plunged by 30 percent on average after the housing market peak in 2006.
E) In 2006,the Federal Government conducted a series of rigorous hearings to investigate the creation and sale of derivative funds.