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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (124913)	10/30/2010 8:11:35 AM
From: Madharry	Read Replies (2) of 132070

Well I have come face to face with the realities of the new banking. I have been turned down for a loan for the first time ever, even though my financial well being is as good as its ever been. I tried to refinance my mortgage with my not so local bank that has had my deposit accounts for several years. They turned me down because they require two years of tax returns showing self employment income sufficient to pay the mortgage. I guess a 30 year record of payment record and fico scores or net worth doesnt mean anything anymore. Scratching my head, now these buffoons are going to lose me as soon as I find some local bank who isnt incompetent. No wonder the banks arent lending, they dont know how to anymore.

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