3 ms·
> a bank can be quite happy to give you a loan you don't have a high chance of paying back This is only true under assumption that house prices won't decline.
by perfunctory 8y ago
> a bank can be quite happy to give you a loan you don't have a high chance of paying back
This is only true under assumption that house prices won't decline.
- pas 8y agoOr if they can offload the risk. As they did.
- expressquest 8y agoThey sell the loan much earlier, so they do not care as long as all check boxes can be checked.