Match each acronym with the proper description:

1.1. ARM 1.2 HOLC 1.3 FHA Secure 1.4 H4H Answers: a) Depression era agency charged with reducing the number of foreclosures b)Offered holders of subprime mortgages to refinance c)A voluntary program designed to help delinquent borrowers refinance mortgages into new FHA-guaranteed loans d) A type of loan that has an interest rate that changes based on certain criteria During 2008 there was a great deal of uncertainty regarding how to reduce the number of foreclosures. Some government officials had disputes on how to handle the crisis. Two such officials were Secretary of the Treasure Paulson and FDIC's Shelia Bair. 1.5 The essence of their dispute was that Bair 1.6 and Paulson Answers A) wanted a more aggresive approach toward mortgage modification B) was concerned about moral hazard