base on the subprime lending case

Questions 1. Subprime mortgages targeted lower-income Americans, new immigrants, and people who had a poor credit history. Te customers were told that because house prices had been rising, the bor-rower would be able to re?nance the loan at a later date with the increased equity in the house. Was this an ethi-cally correct sales pitch? Were the lenders taking advantage of ?nancially na