Relevant:
- Stated Income (Liar Loans) Still Available for Some
- Reality Check on Raising Mortgage Caps
- Wells Fargo Considering Eliminating Stated Income
- stated income bad for loan modifications too
- The rush to buy: Dropping contingencies on offers, thinking equity went up in last month, and stated income loans.
2010-04-24 — ml-implode.com
``If stated-income mortgages were created by bank policy overseen and approved by top management, then those managers and overseers are the leading criminals in the conspiracy.''
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