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In response to
"There simply isn't time to process on that basis. Banks were doing no diligence. The idea was to get it out as fast as possible. -- nm"
by
pmb
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Applications required excluding employee earnings above $100k. If they could include that in the calc, they could have included current cash.
Posted by
Max
Apr 21 '20, 10:42
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Not so much about rejecting loans based on incorrect info but putting the applicant in jeopardy of penalties for misrepresenting the info on the application.
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