While that is partially true the real role of the cosigner is to give
the lender deeper pockets to go after in case of default.
Not exact matches
The
lender is the
deep -
pocketed party in this scenario.
But the DOJ seems to be simply going after
deep pockets, where the intentions of the
lenders are well - placed and the errors found are legitimate mistakes.
Sponsors need to have long - term relationships with
lenders,
deep pockets, a strong track record in the industry, and a diversified base of operations.
Our institutional wholesale
lenders have
deep pockets, specific guidelines and allow us to charge fees that are more than competitive.