3. What relationship existed between subprime mortgages and foreclosures when home prices fell?
A.The value of homes remained higher than the mortgage, so foreclosures decreased B.Many people with subprime mortgages could not make their payments, so foreclosures increased
C.Banks offered more subprime mortgages to avoid further foreclosures.
D.The Federal Reserve lowered interest rates to avoid further foreclosures.

Question

geddes271 geddes271

01-05-2017
History

contestada

3. What relationship existed between subprime mortgages and foreclosures when home prices fell?
A.The value of homes remained higher than the mortgage, so foreclosures decreased B.Many people with subprime mortgages could not make their payments, so foreclosures increased
C.Banks offered more subprime mortgages to avoid further foreclosures.
D.The Federal Reserve lowered interest rates to avoid further foreclosures.

Respuesta :

Otras preguntas

Certain glands secrete hormones directly into the blood stream. are these glands exocrine or endocrine glands?

What superstitious belief does the narrator's wife hold about cats? A. That they are guardian angels B. That they prefer to stay outdoors

Does every conflict have a winner? How does competition create conflict? How can our attitudes toward competing change our experiences? How do competition and

Jerry is a successful businessman and father of three children. He has adequately resolved the ______ crisis.

What led Spanish explorers to Florida?

Suppose g(x) = f(x + 2) – 3. Which statement best compares the graph of g(x) with the graph of f(x)?

What is a likely result of the United States providing free healthcare for every citizen

List two actions a person can take to minimize the fees paid to a bank. ANSWER: 1. Keep good records to avoid overdraft fees. 2. Be sure to check banks careful

Vivian is going to do some yard work, but she needs to leave her house at 1:00 to go to a football game. She is going to mow the lawn for 1 hour and 10 minutes,

as the nights get longer and the temperatures become cooler, some plants

andriansp andriansp · Answer 1 · 2017-05-09T09:02:26+02:00

the relationship that existed between subprime mortgages and foreclosures when home prices fell is: B.Many people with subprime mortgages could not make their payments, so foreclosures increased

Subprime mortgages are typically given to the borrowers with low credit ratings. To compensate with the low credit ratings, the lenders usually impose pretty high-interest rates, which often cause the borrowers to unable to pay their loans.