« previous next »

Author Question: Describe the main factors in the creation of the recent subprime lending ... (Read 99 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 24, 2018
Describe the main factors in the creation of the recent subprime lending situation.

Question 2

What is the difference between employee status and independent contractor status?
 A) The only difference is that the independent contractor is an agent with additional authority.
 B) The difference is that one is an agent and one is not.
 C) The difference is that independent contractors need not pay Social Security taxes.
 D) None of the above


randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 24, 2018
Answer to Question 1

Greed motivated the lenders to make mortgage loans available to unqualified or under-qualified borrowers who were riskier to lend to than usual borrowers. The interest rates started low and increased through the life of the loan, or if a payment was missed. Little or no down-payment was required, and some lenders loaned at more than 100 of the value of the property. The details of these loans were not well disclosed to many borrowers who did not fully understand the risks involved in these loans.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 24, 2018
Thank you


randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Spider main organs Spider main organs
Structure of the trachea, which extends from the larynx above to the main bronchi below. Structure of the trachea, which extends from the larynx above to the main bronchi below.
Post–Main-Sequence Evolution Post–Main-Sequence Evolution
Other Endocrine Tissues and Organs, Eicosanoids, and Growth Factors Other Endocrine Tissues and Organs, Eicosanoids, and Growth Factors
Other Endocrine Tissues and Organs, Eicosanoids, and Growth Factors Other Endocrine Tissues and Organs, Eicosanoids, and Growth Factors
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library