Posts tagged "Underwriter"

Short Sale + New Mortgage + Underwriter = Stress

The banks were bailed out by the Federal Government with OUR tax dollars you would think that they would be granting mortgage loans to well qualified borrowers. The mortgage industry has, in my opinion, gone way too far with their requirements for approving mortgages. Underwriters are coming up with absolutely rediculous requirements for home buyers seeking mortgage approval. Don't get me wrong, I believe that they need to be diligent and ensure that the buyers are capable of repaying the mortgage once the deal is closed.

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