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Riskier Loans Making a Comeback with Private Firms

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  • Ron Borg | | 01 Feb 2012, 01:41 AM Agree 0
    The time to tighten in the underwriting reigns is when real estate prices are overheating. But of course, during those times, lenders only smell profits instead of seeing the writing on the wall. Now that the real estate bubble has deflated, smart players will see the opportunity presented to them and take advantage of the snail's pace of the money center banks. I applaud Athas and New Penn... I plan to get on board with New Penn and help myself to some of that low lying fruit!
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