An excellent Wells Fargo spokesman said the financial institution cautiously ratings a borrower's capacity to spend. This is exactly why 93 out of every 100 of one's home loan consumers were newest on the costs after 2008, brand new bank's Kevin Waetke blogged inside an age-send.

Capital That spokeswoman Tatiana Stead responded you to definitely GreenPoint's loans were experienced A beneficiallt-A, which often not one of them documents of money however, whose consumers provides good credit.