Underwriting Criteria
topic on 1 show · 1 statements across 1 episodes
1 statements about Underwriting Criteria, every show
Hefets: Mortgage underwriting criteria have not evolved since the 1940s
“The underwriting criteria and the way mortgages were structured were determined then and have yet to evolve since that point in time. So the underwriting criteria, the down payment requirements, most of how the industry functions is almost a hundred years old.”