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Which one of the following is wrong about Subprime mortgage crises? Many borrowers defaulted on their mortgage payments Many borrowers were able to have mortgage

Which one of the following is wrong about Subprime mortgage crises?

Many borrowers defaulted on their mortgage payments

Many borrowers were able to have mortgage loan even though they would not qualify

House prices started to decline towards the end of

2006 .

Borrowers with inflation

-

only loans could not keep with their mortgage payments as rates declined.

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