Fed Study Finds 169 Mortgage Finance Companies Failed Last Year
December 31, 2008 | Uncategorized | Comments (2)While the study has nothing to do with payday lending, the Pundit wanted to take this moment to remind readers that payday lenders are not failing due to people not paying them back. The fact is that, unlike many mortgage lenders, payday lenders do assess a borrowers ability to repay the loan. And more than 95% of borrowers do pay the loans back.
