Those working in battered industries may not get their mortgages approved

It took more than three years for 2005 vintage subprime loans to get the kibosh.
The Federal Reserve didn’t change the Truth-in-Lending Act until 2008, allowing zero-down, middle FICO under 600, prepayment penalties, balloon payments and liar loans (no supporting documentation required) to flourish.
By requiring a reasonable determination of a borrower’s ability to repay, the Fed put an end to toxic mortgages as we knew them.
Fast forward to 2014 when a more tasteful version of subpr