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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (150802)9/26/2008 3:12:32 PM
From: Peter VRespond to of 306849
 
I was talking to a guy last night who bought a house a couple of years ago and got a loan from Wells Fargo. They asked for only four items of information:

1. his SS #
2. his wife's SS #
3. the purchase price of the house, and
4. how much he wanted to borrow.

Nothing else. No wonder they are all in trouble. They made loans off credit scores.