Article
Is Mortgage Underwriting To Blame For Subprime Losses? Disentangling The Effects Of Poor Underwriting From The Economic Downturn
The default of subprime mortgages has led to an array of litigation over losses allegedly resulting from failures in underwriting and servicing practices. While mortgage loan underwriting and servicing failures have been widely reported, whether or to what extent such shortcomings were responsible for losses is less evident.
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