What Is Mortgage Fallout

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Posted on October 26, 2018 at 14:40 PM

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Fallout Risk - Investopedia
What is 'Fallout Risk' Fallout risk is the risk to a mortgage lender that an individual borrower backs out of a loan during the period between the formal offer of a loan and the closing of that loan.
What is Mortgage Fallout? - tickeron.com
What is Mortgage Fallout? Mortgage fallout refers to the instance of proposed loans falling through before closing. This is something tracked by not only mortgage producers and their mortgage companies, but also economists who keep up with mortgages and the secondary market for mortgage derivatives.
The Subprime Fallout | HowStuffWorks
Because financial institutions like investment banks and securities companies had purchased these mortgages, the risk from any fallout was spread across the financial spectrum. But the huge mortgage lenders who actually paid out the money to borrowers to purchase these homes suddenly found that the ...

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