Hacker News new | ask | show | jobs
by gus_massa 2454 days ago
> and earn a predictable return

Assuming that the clients don't default the mortgages. How do you calculate the risk profile?

1 comments

We look at: - income over the last two years - rental & utility bill history over the last two years - evictions, foreclosures, bankruptcies, judgments, liens in the last 5 years - DTI (debt to income; their monthly debt obligations divided by their gross income) - We don't have income mins or maxs, but we can only have their housing payment to be 30% of their income, so there are incomes that would be too low for us considering that