Discussion on SunTrust Bank Equity Wholesale

Schumpeter Reincarnate Joined: 24 May 2008 Posts: 46246

http://ml-implode.com/imploded.....07-24.html

Posted: Thu Jul 24, 2008 7:32 pm

This product was killed when the CLTV max was set to 80%. Although these types of loans are good business, there is still no effective secondary market for them. Thus the "strategic" realignment.

Dud? Joined: 01 Jan 1970 Posts: 14

Another factor why people is unable to use this loans... is because the value of the properties when down too much and too fast!