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How does a short sale affect the bank? |
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In most cases MIP will take the hit on the loss, or they will apply for some stimulus money...
Only banks that had portfolio loans really take the hit, now rules have changed banks will be more responsible for their loans because of a loss share agreements that have been put in place.
Only banks that had portfolio loans really take the hit, now rules have changed banks will be more responsible for their loans because of a loss share agreements that have been put in place.
First answer by Aatitleco. Last edit by Aatitleco. Contributor trust: 1 [recommend contributor]. Question popularity: 1 [recommend question]
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