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Wow, thank you for sharing this! The ability to sabotage mortgage underwriting is basically a timebomb. Apart from being potentially very bad for the financial
by sologoub 10y ago
Wow, thank you for sharing this!
The ability to sabotage mortgage underwriting is basically a timebomb. Apart from being potentially very bad for the financial health of the homeowner (which is subjective in case by case - Inglewood homeowner is definitely in trouble, but the Woodland Hills example seems to be fine with it), I can't see how this is at all fair to the few banks doing proper due diligence, like the local credit unions that hold many of their mortgages.