Nearly one in 10 mortgage borrowers in 2005 and 2006 took


Nearly one in 10 mortgage borrowers in 2005 and 2006 took out "option ARM" loans, which meant they could choose to make payments so low that their mortgage balances rose every month. Choosing to defer interest payments was of increasing leverage and the risk of default. True/False

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Business Management: Nearly one in 10 mortgage borrowers in 2005 and 2006 took
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