RMBS - US: Short-Term Bank Statement Loans Carry Heightened Risks
STRUCTURED FINANCE SECTOR IN-DEPTH 30 November 2016 Contacts Lima Ekram 212-553-0335 AVP-Analyst [email protected] Cinthia Chung-Yip 212-553- 8954 Associate Analyst [email protected] RMBS - US Short-Term Bank Statement Loans Carry Heightened Risks Summary Mortgage programs that use bank statements and CPA letters to verify borrower income (bank statement loans), particularly those t
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