2. The subprime mortgage market The financial crisis started with defaults-borrowers not repaying their loans-on subprim

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2 The Subprime Mortgage Market The Financial Crisis Started With Defaults Borrowers Not Repaying Their Loans On Subprim 1 (26.78 KiB) Viewed 34 times

2. The subprime mortgage market The financial crisis started with defaults-borrowers not repaying their loans-on subprime mortgages in the United States. Subprime mortgages have which of the following characteristics? Check all that apply. They have a higher likelihood of default. They have lower overall interest rates than most other mortgages. They are made to people with relatively few assets. Subprime mortgages expanded to about 35% of all mortgages issued in the United States in 2004. Which of the following could have decreased the growth of these mortgages? Check all that apply. The Federal Reserve setting low interest rates in the early part of the 2000s The phasing-out of financial instruments that allowed for securitization of subprime mortgages Decreased regulation of the financial sector The expectation that housing prices would keep rising