Underwriting Standards

Some articles on underwriting standards, standards, underwriting:

Commercial Mortgage - Underwriting Standards
... Lenders usually also require a minimum debt service coverage ratio which typically ranges from 1.1 to 1.4 the ratio is net cash flow (the income the property produces) over the debt service (mortgage payment) ... As an example if the owner of a shopping mall receives $300,000 per month from tenants, pays $50,000 per month in expenses, a lender will typically not give a loan that requires monthly payments above $227,273 (($300,000-$50,000)/1.1)), a 1.1 debt cover ...
Late-2000s Financial Crisis - Background - Subprime Lending
... of creditworthy borrowers was limited, mortgage lenders relaxed underwriting standards and originated riskier mortgages to less creditworthy borrowers ... Enterprises (GSEs) policed mortgage originators and maintained relatively high underwriting standards prior to 2003 ... from private securitizers undermined GSE power, mortgage standards declined and risky loans proliferated ...
Late-2000s Financial Crisis - Background - Weak and Fraudulent Underwriting Practices
... housing bubble (2006–2007), the collapse of mortgage underwriting standards was endemic ... representations and warrantees) that its mortgage originations met Citi's standards ... originators contractually bound to perform underwriting to Citi's standards) increased.. ...

Famous quotes containing the word standards:

    Our ego ideal is precious to us because it repairs a loss of our earlier childhood, the loss of our image of self as perfect and whole, the loss of a major portion of our infantile, limitless, ain’t-I-wonderful narcissism which we had to give up in the face of compelling reality. Modified and reshaped into ethical goals and moral standards and a vision of what at our finest we might be, our dream of perfection lives on—our lost narcissism lives on—in our ego ideal.
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