Why do the lenders need to declare a loss on soured subprimes when they can take the collateral? - collateral lenders
If a loan guarantee. In the case of high risk, is a house on the loan. When Citigroup, Merrill Lynch can borrow et al, money, you can take home and sell it. In my opinion, is the "savior" of the banks (the governments of rich Arab countries and Singapore) will be many rewards that a few years ago, when the cycle is repeated pulled. Nothing wrong with my logic?
Sunday, January 24, 2010
Collateral Lenders Why Do The Lenders Need To Declare A Loss On Soured Subprimes When They Can Take The Collateral?
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As mentioned above, the warranty is not worth enough to cover the debt. Therefore, 0% down is a risky decision. You take a borrower with bad credit, you receive a loan in the amount of fools, and allow them to Barrow 100% of the purchase price. If all the houses are overvalued in the past 40 years.
ReplyDeleteThis is and was a receipt for disaster in the mortgage market. It seems that greed knows no bounds.