Why would a lender offer a home loan to a debtor at high chance of standard? It’s numbers game.
June 13, 2021 11:33 am | Leave your thoughts
Why would a lender offer a home loan to a debtor at high chance of standard? It’s numbers game. The lending company knows from experience that lots of borrowers will likely not default. Despite the fact that there are many more defaulters on dangerous loans than old-fashioned people, this price is offset by the greater...