The Correlation Between Incomes And Default Rates
The Marginalization Of Risk
The massive number of loan defaults that has put the entire banking industry on the brink on insolvency did not happen by accident. Banks recklessly extended credit, even to low income borrowers who obviously [...]
“Liar Loans” - RIP - October 1, 2009
Liar Loans To Be Prohibited
No income verification and stated income mortgage loans have been available to borrowers for many years. As originally conceived, a no income verification loan was a sound product, offering highly qualified borrowers [...]
