I feel like I am drowning in rules! Save yourself…go on without me! 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.
Things have gotten strict in underwriting mortgages. 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 More
I had to trick an underwriter the other day. I am not losing sleep over it. It is a great story and one worth retelling so that others may use this trick. Read More
Underwriting – The Dumb Rules Club. I usually have to wait a month or so to blog about another hard to believe underwriter request. But I find myself writing about such an underwriter request only a week after I last wrote about this very topic. Read More
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 More
