It doesn't matter if the morgages are repaid and it may even be beneficial to bankers if there is a small level of defaulting. Unlike junk bonds, resold mortgag

It doesn't matter if the morgages are repaid and it may even be beneficial to bankers if there is a small level of defaulting. Unlike junk bonds, resold mortgages have an underlaying value in property. Unfortunately, beyond a small level of defaulting, a glut of unsold property decreases property prices, decreases the value of already resold mortgages and make property more affordable to nieve investors.