In Australia, more than 2 million people, or 13% of the estimated 16 million in the country who are using credit, are at risk of credit default. more »
KEEP IT SIMPLE: "If you're comfortable that you've met 'ability to repay' [requirements], you don't have concerns," said Elliot Salzman, senior v.p. and director of consumer policy and underwriting at BBVA Compass, on how to approach the ambiguity surrounding nonqualified mortgage loans.
Elliot Salzman, an executive at the $76 billion-asset BBVA Compass, belongs to a small club of lenders: those willing to take a chance on making home loans to risky borrowers. more »