this kind of attitude is either a 'very foolish bluff' or those lenders seriously believe that they can recoupe their money through confiscation of 'property money was lent for' in the first place...(so no price drops ? ? ?)
...although there is always a chance that if 'said' applicants pay for their own mortgage insurance...it really isn't the banks problem then, is it ?
(so they wouldnt give a flying fiddle if the price falls)
either way...irresponsible approach to bussines...
