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History, 04.11.2019 00:31 rhucke99121

3. what relationship existed between subprime mortgages and foreclosures when home prices fell?
a. the value of homes remained higher than the mortgage, so foreclosures decreased b. many people with subprime mortgages could not make their payments, so foreclosures increased
c. banks offered more subprime mortgages to avoid further foreclosures.
d. the federal reserve lowered interest rates to avoid further foreclosures.

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3. what relationship existed between subprime mortgages and foreclosures when home prices fell?
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