Quote Originally Posted by ADiamond View Post
you have a lot of companies who's underwriting is less than perfect, like EBF & CAN they have been funding a lot of other lender's defaults and there are some other companies who's UW carelessly overlooks UCC's filed, old bank statements, etc and will fund defaults. there are a few other new lenders as well that will fund defaults, they're "high risk" lender specialize in D-ZZ quality paper.
You think we'll be reading about those "new lenders" next week?