Friday, March 20, 2015

Debt Default: Promoting financial innovation will result in future housing bubbles

With house prices bottoming, lenders are less risk adverse because they know rising prices reduces losses when loans go bad. As a result, lending standards will soon begin to loosen up on the fringes as lenders will take on marginal borrowers in an attempt to underwrite more loans. This is a...
Promoting financial innovation will result in future housing bubbles




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