You know about the robosigners, right? The middle manager types who work at large mortgage loan companies and sign papers all day that say they've personally reviewed a lot of other papers which they don't have time to have reviewed, because they're busy signing the papers saying they reviewed them. Best to quote the Wall Street Journal: They are called robo-signers, putting … [Read more...]
No Mortgage for Freelancers?
Your local NPR or public radio station "The Take Away" is running talk about how freelancers are treated unreasonably (I'd say prejudicially) for mortgage loan applications vs. job holders. Got an offer letter or a couple of pay stubs from a job? You're on the fast track for refinance or a new mortgage. Freelancer? They want two years of tax return documentation indicating a … [Read more...]
