Question

A Subprime mortgage refers to a mortgage securing a loan:
A.That is issued to consumers at an interest rate lower than the prime interest rate established by the treasury.
B.That is issued on property that cannot pass a reasonable safety inspection.
C.That is issued to customers with excellent credit at a lower than ordinary market rate.
D.That is issued to a consumer that cannot qualify for ordinary market rates due to a lack of credit worthiness.

Answer

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