Sentences with phrase «faulty loan underwriting»
Not exact matches
Going hand - in - hand with bad underwriting was faulty appraising, often by unscrupulous home appraisers who had the same incentive as lenders and originators to make sure the loans closed.
https://www.thetruthaboutmortgage.com/
A put - back occurs when a lender has to repurchase loans it sold to Fannie or Freddie, due to faulty origination or underwriting practices.