Some mortgage company leaders have said that providing subprime mortgages (earn a commission by making loans to
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Some mortgage company leaders have said that providing subprime mortgages (earn a commission by making loans to people at high interest rates who may have difficulty making the payments) was based on the noble purpose of giving poor people a chance to participate in the American dream of home ownership. Discuss your opinion of this explanation.
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Many of them may feel that this statement is true Banks were pressured to give poor people mor...View the full answer
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Midhun M
I have completed my M.Sc. in Physics with electronics as specialization from Mahatma Gandhi University (Catholicate College, Pathanamthitta) in the year 2006. After my MSc I worked as a project engineer at Wipro technologies for almost two years. Since my interest and passion is in Physics I left the job. In between I worked as a guest lecturer in CMS College, Kottayam for one year. During this time I used to take classes for under graduate students and post graduate students. Also I have research experience. As a research fellow, I worked in a BRNS research project funded by Department of Atomic Energy (DAE), in the field of Natural Radioactivity. During the research, I engaged in the study about the exhalation of radioactive gases, Radon and Thoron, from the High Background Radiation Areas (HBRA’s) in the coastal areas of South India. The study includes the analysis of the collected data, the current radiation level and preparing the scientific reports and research papers.
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