Teaser-rate mortgage lures collapsed when the housing bubble burst.

Evidence

To sell home loans initially on the cheap with subsequent escalating variable-rate loans served as a lure. Instead, the housing bubble burst, leaving lenders with accumulating repossessed homes and few, if any buyers. When the housing bubble burst home values plummeted and continued to fall with a glut of unsold foreclosed homes. — Albert Bandura, Moral Disengagement, 1489

Categorization

• corroborated: 2 independent passages support this claim — Albert Bandura, Moral Disengagement: How People Do Harm…, 1489