Repeating from above, management teams that reserve conservatively establish strong reserves on current year business, which depress current year profits, but gain reserve releases from prior year strongly set reserves. (alephblog.com)
Good companies establish strong reserves on current year business, which depress current year profits, but gain reserve releases from prior year strongly set reserves. (alephblog.com)
Compensating factors include such things as strong reserves, homeownership education, and income from a household member who is a non-borrower, perhaps a retired family member who lives with you. (themortgagereports.com)