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MRT 2 · Sub-Prime and Non-Status Lending
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Sub-Prime and Non-Status Lending

What sub-prime lending is, why rates are higher, and why non-status lending is banned.

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Key points

Question 3

Which term matches: "For borrowers with adverse credit history (CCJs, defaults,"

Question 4

What does "Post-MMR" mean?

Question 5

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

Question 6

Fill in the blank

______ — Historically meant lending without fully verifying income; now banned

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What the exam tests

What sub-prime lending is, why rates are higher, and why non-status lending is banned.

Question 8

True or false?

What sub-prime lending is, why rates are higher, and why non-status lending is banned