Things have gotten so strict in underwriting mortgages, that not even rich people can easily get a mortgage. I think most of us would agree if we had millions of dollars and no debt except for the mortgage on our home, we'd feel rich. In fact, we would be rich. But Read the rest of this entry »
I had to trick an underwriter the other day, and I am not losing sleep over it. It is a great story, and one worth retelling so that others may use this trick. Read the rest of this entry »
I may make light of the Feds and the banking industry and their arcane rules a bit too much, but now they really deserve it. Now they have gone too far. I have witnessed bureaucratic insanity on such an unreal scale, I am not sure you will believe me. Read the rest of this entry »
I usually have to wait a month or so to blog about another stupid underwriter request, but here I find myself writing about a stupid underwriter request only a week after I last wrote about this very topic. Read the rest of this entry »
Every now and again I like to share a story where an underwriter has lost their mind, and gone way too far in questioning a loan. I have a doozy I'd like to share. I have seen some idiotic loan approval conditions, but this recent situation was a bit much. Read the rest of this entry »