Quote:
Originally Posted by joey2665
Also most times if your are taking out a mortgage, the bank has greater risk then the borrower. .
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The above was certainly true in the financial downturn when banks threw aside prudent underwriting but if mortgages are structured properly (which they certainly are today) the banks have little risk since they are extending secured credit. The problems experienced 10-years ago arose from lax appraisals, 100% financing, etc.