In the early 2000s, laws requiring banks and mortgage brokers to disclose the terms of home loans failed to prevent many Americans from entering into irresponsible mortgage agreements. This could have been the result of

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29-04-2022
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In the early 2000s, laws requiring banks and mortgage brokers to disclose the terms of home loans failed to prevent many Americans from entering into irresponsible mortgage agreements. This could have been the result of

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suchetasVT suchetasVT · Answer 1 · 2022-05-09T16:03:47+02:00

Due to information overload in the early 2000s, laws requiring banks and mortgage brokers failed to prevent Americans from entering into irresponsible mortgage agreements.

What do you mean by mortgage?

A mortgage refers to the process of giving something up as a guarantee or collateral against a loan. A person may encounter a term when seeking a secure loan.

Thus, due to information overload in the early 2000s, laws requiring banks and mortgage brokers failed to prevent Americans from entering into irresponsible mortgage agreements.

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