A borrower chooses to default for many reasons. The Double Trigger Hypothesis offers one explanat Which of the following is FALSE about the hypothesis? A. When the monthly income is sufficient to cover the debt service, a borrower may still choose to strategically defa the monthly payment B. Based on the hypothesis, foreclosure happens when a borrower is illiquid and has negative equity C. When the monthly income is not sufficient to cover the debt service, we call the borrower "under the water" D. Foreclosure is more likely to happen, when the housing price is lower and the income is lower