Because of securitization, a new class of residential mortgages offered to borrowers with less-than-stellar credit records developed. These mortgages are known as
A. risk-enhanced mortgages.
B. subprime mortgages.
C. bundled mortgages.
D. adjustable-rate mortgages.
Answer:B
Because of securitization, a new class of residential mortgages offered to borrowers with less-than-stellar credit records developed. These mortgages are known as
A. risk-enhanced mortgages. B. subprime mortgages. C. bundled mortgages. D. adjustable-rate mortgages.