Risky mortgages back 10 weeks after dramatic crash
It was all the rage before coronavirus.
Mortgage lenders were funding deals that allowed everything from just listing liquid assets on the mortgage application with employment information being left blank. Another was 12 months of bank statement deposits as income proof alternative to tax returns. And, yet another example was bank and stock accounts being aggressively reformulated as high monthly returns to claim as monthly qualifying income.
Ten weeks ago, with the full force of COVID-19 conver
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