Guy Cecala


Last quote by Guy Cecala

The nonprime loans being made today probably wouldn't even be considered nonprime leading up to the housing bust. What makes them nonprime is perhaps the credit score of a borrower or financial problems the borrower had in the past, but they generally have large down payments or big assets behind
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Jul 12 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Guy Cecala is associated, including share and market. Most recently, Guy Cecala has been quoted saying: “At one point during the housing boom, we had a third of all mortgage originations that were nonprime [subprime or Alt-A, the latter having low or no documentation]. We're not going to be even 5 percent of the market if we have a record year this year. It still has a long, long way to go.” in the article A big deal in nonprime mortgages proves leery investors are finally hungry again.
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