Unconventional Mortgages Attract Warning From Regulator
By Lalita Clozel posted Sep 2, 2019 on realtor.com LightFieldStudios/iStock WASHINGTON—A type of unconventional mortgage that focuses on a borrower’s assets to vet repayment ability has drawn a warning from regulators for banks to maintain tight underwriting standards. Asset-depletion loans, also known as asset-dissipation loans, are part of a small but growing subset of the mortgage market […]