Let’s be honest and give the straight goods to people on the truth of the “why” lenders are opposed to crackdown.
Guaranteed collateral against loan in case of default. Simply put, down pay the loan, house gets taken away from you. All under foreclosure rules – something similar to what’s happened in the U.S. with borrowers defaulting.
Lenders take an initial hit, but still have the asset to resell or make more money with even if there’s a default on the loan.
Riskier types of loans with the equity borrowing would give lenders a bigger hit and possible loss.
Live~NRGY 
Leave a comment