Automobiles have collateral value but a shockingly large number of borrowers have taken out loans well in excess of the assessed value of the car at the time of purchase. (investmentresearchdynamics.com)
No one says all «affordability» products are bad, merely that they are a woeful idea for very large numbers of borrowers, lenders and investors. (fhaloanpros.com)
As we noted in the preamble to the 2011 Prior Rule, an educational program generating large numbers of borrowers in financial distress raises troubling questions about the affordability of those debts. (federalregister.gov)