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Loan Modification

: Mortgage Lender Implode-o-Meter

stated income bad for loan modifications too

By Implode-Explode Heavy Industries

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"Over time, it became clear that stated income was not the best way to measure a borrower?s ability to repay their obligations, especially when guaranteed home price appreciation was no longer around to pick up the slack."

Full post as published by Mortgage Lender Implode-o-Meter on May 19, 2010 (boomark / email).

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