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Your underwriting standards are going to be different depending on how much skin in the game you have.
by whatok 6y ago
Your underwriting standards are going to be different depending on how much skin in the game you have.
- Klinky 6y agoWhy would partner banks accept trash loans without doing due diligence? Though thinking about the housing crisis, greedy short-sightedness comes to mind. It's amazing how some of the people who claim to be the smartest with money are actually the dumbest and riskiest. Are they actually smart or just lucky they won a bet?
- srtjstjsj 6y agoAdding links to a chain makes it weaker, nor stronger.
- TearsInTheRain 6y agoGovernments have a history of bailing out the financial system. Lenders take that into account and will take on riskier loans since they effectively have a put on them.