Blog Category: underwriting problems

us capitol building

Dear Congress, Your Credit Application Has Been Turned Down

I came across an article I just had to re-post. We all know about the problems in the mortgage industry with people who are qualified but end up getting hassled and questioned. They get asked for piles of paperwork. Or worse, they get their loan application rejected. Below is an article I found on Reason.com. This is exactly how I’d want to see a loan application from Congress for a mortgage get rejected:

“Dear Congress,

Thank you for your interest in the American Public Trust’s Gold Card credit program. Rest assured your application has been given thorough and careful consideration by the American people. Read More