Banks sold a record $ 250 billion of commercial mortgage - backed securities to institutional investors in 2007, and lax lending standards enabled landlords across the U.S. to saddle buildings with large piles of debt. (bloomberg.com)
When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. (greenbackd.com)
Borrowers with good - to - excellent credit scores are not getting approved at the rate they were in 2003, prior to the period of excessively lax lending standards. (rismedia.com)