Total points: $5/25$

Attempts left: $3$

Assessment question

Jen and her partner decided to purchase a home in $2007$ to take advantage of the low interest rate their bank advertised. After submitting a short application that didn$$t include a credit check, they were surprised that their bank chose to award them a much larger mortgage than they expected or believed they could afford. When the housing market began to decline, they found that their house was suddenly worth less than the total amount they owed the bank. Jen and her wife were likely victims of the $\_\_\_\_\_\_\_\_.$