(Reuters) - Stated-income, or low-documentation, loans have proven
themselves among the most susceptible to fraud and delinquency
in the past year, especially when handed to the riskiest, or
subprime, borrowers, analysts have said.
There "is the potential for fraud," and some borrowers
might well have received better terms if they proved their
income, she said, addressing the annual meeting of the American
Securitization Forum's annual meeting in New York.
Read more at Reuters.com Bonds News
themselves among the most susceptible to fraud and delinquency
in the past year, especially when handed to the riskiest, or
subprime, borrowers, analysts have said.
There "is the potential for fraud," and some borrowers
might well have received better terms if they proved their
income, she said, addressing the annual meeting of the American
Securitization Forum's annual meeting in New York.
Read more at Reuters.com Bonds News
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