• If the loans are sold with recourse, then the bank has a contingent off-balance sheet liability. If the loans go bad, the buyer will sell the loans back to the originator. Hence, loans sold with recourse present a long-term potential liability.
Ways to Cope Financially During and After a Big Change: Here are suggestions for staying focused and avoiding costly decisions during changing times. More...
Having once decided to achieve a certain task, achieve it at all costs of tedium and distaste. The gain in self-confidence of having accomplished a tiresome labor is immense. – Thomas Arnold Bennett
Copyright ©2009-2019 GVC. All rights reserved.