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 ... Sponsored Enterprises (GSEs) policed mortgage originators and maintained relatively high underwriting standards prior to 2003 ... and as intense competition from private securitizers undermined GSE power, mortgage standards declined and risky loans proliferated ...
Late-2000s Financial Crisis - Background - Weak and Fraudulent Underwriting Practices
... bubble (2006–2007), the collapse of mortgage underwriting standards was endemic ... 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:

    In this nation I see tens of millions of its citizens, a substantial part of its whole population, who at this very moment are denied the greater part of what the very lowest standards of today call the necessities of life. I see one third of a nation ill-housed, ill-clad, ill-nourished. The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.
    Franklin D. Roosevelt (1882–1945)