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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: loantech who wrote (767)9/17/2003 3:05:09 AM
From: Pink Minion  Read Replies (1) of 110194
 
>> sense out the window with the "new and enhanced" underwriting standards.

Was there some law passed here or are you just joking? A family member who has done mortgages for 12 years can't believe the laxed requirements for getting a loan now. He writes loans for people with 2 bankruptcies and currently late on payments. One guy had 90K in credit card debt. He routinely sees 40-50K credit cards debts. It's like you have to be unemployed to get rejected for a loan.
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