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TexasInvestor75238

TexasInvestor75238
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  • Regions Financial: Sitting on a $22.8 Billion Sink Hole? [View article]
    I wonder how this compares to one, five, or ten years ago? Are there differences anything new? What really matters is not the market value of the collateral but the borrower's ability to pay. If I have a $200,000 mortgage on a $20,000 house, but I have a good job and continue to make my payments, the fact that my loan is not adequately collateralized is interesting but not important. The value of the underlying collateral is only important if the borrower cannot repay.
    Aug 14, 2009. 11:28 AM | 5 Likes Like |Link to Comment
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