Question: While reading chapter 1, I got to the section of The Global Economic Crisis on page 36 which grab my attention due to current events

While reading chapter 1, I got to the section of The Global Economic Crisis on page 36 which grab my attention due to current events with the Coronavirus and many being concerned about the economy. My question is regarding page 38 under The Dark Side of Securitization: The Sub-Prime Mortgage Meltdown, my question is why did they not permit nonqualifying mortgages to be secrutizied and most originators just mandated that borrowers meet certain requirements? Your thoughts on this?

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