Catchword: liar’s loan
Part of speech:
n. The part of speech reflects that used in the
full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: With the advent of “no-doc” and “stated-income” loans—sometimes dubbed the “liar’s loan”—versus full-income disclosure, lenders increasingly face potential exposure to a smorgasbord of what the FBI calls fraud for profit.
Article or Document Title:
“Grappling with Loan Quality”
Author:
Kevin Coop
Article, document, publication, web site:
Mortgage Banking
Date of publication:
Feb. 1, 2005
Page number:
80
Volume: 65
Number or issue: 5