New York, September 14, 2016 -- Today's non-prime mortgage lending programs benefit from more stringent underwriting guidelines and a tighter lending paradigm than existed before the financial crisis, Moody's Investors Service says in a new report. While borrowers' credit scores may resemble those from pre-crisis Alt-A residential mortgage-backed securities (RMBS), recent non-prime lending programs include criteria that can help make newer loans less risky.
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