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  • 16-03-2021
  • Business
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What is a risker loan for the lender?

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27harrisa63
27harrisa63 27harrisa63
  • 16-03-2021

Answer:

Explanation:

A risky mortgage is really a loan product that doesn't correspond to the borrower's ability to repay it. During the crisis, certain mortgage types were being matched with the wrong borrowers, and lenders were reeling them in with the prospect of refinancing. These loans had a foreclosure start rate of 3.39%.

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