[aantix]

Rents are small portion of the overall loan size. They have a limited contract.

Less time and monetary exposure.

Renters incur less risk.

[pnutjam]

The amount a landlord is likely to lose is more then likely less then on years rent. The renter assumes the risk of one years rent and carries that, albeit diminishing, ever year they sign the lease. There are multiple issues that could cause the landlord to lose the house, all of which would also impact the renter. There are multiple issues that could cause the renter to lose their lease, only some of which impact the landlord.

The renter is more likely to carry the financial fallout longer, because they have no assets backing their risk.